18047 Point Lookout Dr Houston, TX 77058
- Specialty properties
- 10,297 SF
Current Use by Public Records
- Specialty properties
Property Details for 18047 Point Lookout Dr
- Property size
- 10,297 SF
- Property type
- Specialty properties
- Property subtype
- Retail properties
Description
Invest in this thriving 10,297 square foot, single-story retail center located in Houston, Texas, at 18047 Point Lookout Dr, 77058. Situated directly across from the entrance to NASA Space Center Houston, this Class B property enjoys a highly visible and accessible location within a bustling retail area. Currently boasting an 85% occupancy rate, with six of seven spaces leased, this multi-tenant center offers three available spaces ranging from 1,016 to 1,461 square feet, perfect for a variety of retail services businesses. The property underwent a façade revitalization in early 2021, enhancing its modern appeal. Ample parking is provided with 45 spaces for customer convenience. This investment opportunity presents a competitive capitalization rate and rent rate, making it an attractive proposition in the Houston market. The property's prime location near a major tourist attraction and its strong occupancy rate make it a compelling investment. The submarket is NASA, offering unique access to a large and diverse customer base.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.0949
- Latitude
- 29.5488
