10931 Ocean City Blvd Houston, TX 77070
- Lifestyle centers
- 16,483 SF
- 1.72 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 10931 Ocean City Blvd
- Lot size
- 1.72 lot acres
- Property size
- 16,483 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Houston retail property, located at 10931 Ocean City Blvd, offers 16,483 square feet on a 1.72-acre lot. The property features a two-story building, renovated in 2023, with two units totaling 15,124 net rentable square feet. Currently, one 10,000 square foot unit is leased to Burden Auto Care, generating $35,000 in monthly rent under a 5-year lease commencing February 1, 2025. A vacant 5,124 square foot unit is available for lease, offering significant upside potential with estimated annual rent ranging from $17.50 to $22.50 per square foot. The property boasts 52 parking spaces and is situated in a high-growth area of Houston, easily accessible via SH 249 and US 290, near major residential developments, and significant commercial activity. The property is classified as Class B, with a multi-tenant occupancy and a Net Lease (NNN) structure. The property's location benefits from proximity to key commercial centers, industrial zones, and high-traffic corridors. With an anticipated net operating income (NOI) of $357,000 and a 7% capitalization rate, this redevelopment opportunity presents a compelling investment prospect. The property's address is 10931 Ocean City Blvd, Houston, TX 77070, with APN 120-708-001-0001. The property is currently vacant, with an occupancy date of January 1, 2025.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.584
- Latitude
- 29.9567
