Current Use by Public Records
- Retail properties & Spaces
Property Details for 10700-10720 Kingspoint Rd
- Year built
- 1983
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 22,467 square foot retail center in Houston, Texas, presents a compelling investment opportunity. Located at 10700-10720 Kingspoint Rd, 77003, in Harris County, this property boasts a strong NOI of $263,963 and is offered at an asking price of $3,400,000. Built in 1983, the property sits on a sizable 73,616 square foot lot and features a diverse mix of established tenants including a neighborhood grocery store, gas station, Vietnamese market, laundromat, and restaurants. These tenants enjoy a long-standing presence in the market, with current rental rates below market average, presenting significant potential for future rental rate increases. The property benefits from excellent visibility at the corner of Kingspoint Road and Sabo Road, less than two miles south of I-45 South, ensuring high traffic and customer exposure. The move-in-ready spaces are surrounded by a mix of national, regional, and local retailers, further enhancing its desirability. This is a rare opportunity to acquire a stable, high-performing retail center with significant upside potential in a prime Houston location. The property's long-term tenants and successful businesses contribute to its consistent cash flow and attractive investment profile.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3442
- Latitude
- 29.7536
