Property profile

0 Neq Of Elgin St & Scott St Houston, TX 77004

OFF-MARKET
Retail properties & Spaces
1 SF 0.57 ac lot
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Property summary

AI-generated overview

This exceptional retail property, known as Elgin at Milby Tracts, presents a unique investment opportunity in a high-traffic location. Situated on a 0.57-acre lot (with lot sizes ranging from 0.22 to 0.35 acres according to available records), this Harris County property offers two available commercial suites within a single building totaling 1 square foot. One suite is currently vacant, presenting immediate occupancy potential. The property boasts an unparalleled location directly across from the University of Houston campus, home to over 46,000 students, ensuring a consistent flow of potential customers. Its strategic placement provides easy access to I-45, placing it within convenient reach of a large customer base. Adding to its appeal, the property is adjacent to The Icon and just east of the Metro Rail Red Line, offering excellent public transportation access. The proximity to Yates High School and Texas Southern University further enhances its visibility and accessibility. This is a rare chance to secure a retail space in a vibrant, high-growth area with exceptional visibility and convenient access to major transportation arteries and a large student population. The property's location offers significant potential for a variety of retail businesses seeking a strong foothold in a densely populated and highly accessible area. The available vacant space presents an immediate opportunity for a quick start.

Property profile

Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 0.57 ac (24,829 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Neq Of Elgin St & Scott St Houston, TX 77004
Houston metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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