18047 Point Lookout Dr Houston, TX 77058
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.