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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

16842 State Hwy Webster, TX 77598

72,569 SF 5.78 ac lot Built 1992
Property ID
Property summary
AI-generated overview

Space Village offers a unique investment opportunity in a prime South Houston location. This multi-tenant flex space complex boasts 72,569 square feet across four buildings, situated on 5.78 acres of land. The property, originally constructed in 1992 and extensively renovated in 2020, features a total of 25 suites, with 3,383 square feet currently vacant. Available spaces range from 1,050 to 7,500 square feet, catering to a variety of business needs. The complex benefits from a high-traffic location directly facing Highway 3 (Galveston Road), ensuring excellent visibility and accessibility. Ample parking is provided with 304 spaces available for tenants and their customers. The property's modern, recently renovated interior offers a clean and functional workspace, ideal for retail, industrial, or restaurant uses. The combination of a prime location, substantial parking, and recent renovations makes Space Village an attractive option for businesses seeking a well-maintained and easily accessible space in a thriving commercial area of Harris County. The flexible suite sizes allow for customization to meet diverse business requirements. This is a rare opportunity to secure space in a well-established and highly visible commercial center.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1992
Total area 72,569 SF
Lot 5.78 ac (251,777 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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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