Property profile

4701 Martin Luther King Blvd Houston, TX 77004

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional retail opportunity, known as the Cougar Den, is located at 4701 Martin Luther King Blvd in Houston, Harris County, Texas, 77004. The property offers multiple spaces available, ranging from 1,343 square feet to 2,343 square feet, ideal for a variety of retail or restaurant uses. Its strategic location directly across from the University of Houston campus provides unparalleled access to a substantial and diverse customer base. The immediate vicinity includes the 984-bed University Lofts dormitory and the new Law School, ensuring a constant flow of students, faculty, staff, alumni, and visitors. This translates to a potential customer base exceeding 40,000 individuals. The University of Houston is experiencing significant growth, with a planned investment of $233 million in campus improvements. This includes a doubling of dormitory capacity to accommodate 11,000 students within the next five years, and an overall enrollment increase from 36,000 to 45,000 over the next decade. This expansion promises sustained and increasing foot traffic for businesses located at the Cougar Den, making it a highly attractive investment opportunity with exceptional long-term growth potential. The property's prime location and the University's ambitious expansion plans create a unique opportunity for businesses seeking to capitalize on a thriving and expanding market.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • High School
  • Restaurant

Location

4701 Martin Luther King Blvd Houston, TX 77004
Houston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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