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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

212 Friendswood Dr Friendswood, TX 77546

19,982 SF
Property ID
Property summary
AI-generated overview

This exceptional Friendswood retail investment opportunity encompasses two buildings totaling 19,982 square feet, situated at 212/214 S Friendswood Dr, Friendswood, TX 77546, and cross-streets at W Shadowbend. The property features seven suites, ideal for multiple tenants, with available spaces ranging from 1,700 to 10,532 square feet. Currently configured to accommodate grocery stores and department stores, as well as restaurants and other retail uses, this property presents a versatile investment opportunity. The property underwent a complete renovation in 2022, ensuring modern and updated facilities for tenants. The strategic location within the Friendswood submarket offers excellent visibility and accessibility. A significant advantage is the ongoing development of a new project directly behind the property, promising increased foot traffic and enhanced visibility. This development, coupled with the recent building and parking lot upgrades, positions this retail center for substantial growth and increased tenant demand. One space remains, measuring 1,700 square feet, perfectly suited for a restaurant or unique retail concept. Don't miss this chance to secure a prime location in a thriving community.

Property profile
Verified
Property type Retail properties & Spaces
Total area 19,982 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shipley Do-Nuts Bakery Discount Store
  • Trunk Opening Friendswood TX Corporate Office
  • Great Harvest Bakery & Cafe Friendswood Bakery Specialty Food Shop
  • CUTE NAILS ( C NAILS ) Nail Salon
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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