6130 Wheatley StHouston, TX 77091

Property Details for 6130 Wheatley St

Year built

1950

Construction

WOOD FRAME

Lot size

5.68 AC

Property size (Sq ft)

3,990 SF

Property type

Retail properties

Property subtype

Retail space

APN

162780010013

APU

162780010013

Description

This exceptional 247,538 square foot commercial property presents a significant investment opportunity in Houston's desirable Highland Heights area of eastern Harris County, Texas. The site boasts two existing single-occupancy retail buildings, totaling 7,954 square feet (3,790 sf and 4,164 sf), each featuring canopies and ample light concrete paving. A third building provides additional storage space. A substantial area of vacant land offers significant potential for expansion, allowing for diverse development options to suit a variety of commercial uses. The property's strategic location near the Port of Houston provides unparalleled access for businesses involved in international trade, offering a distinct advantage in logistics and distribution. The asking price for this expansive and versatile property is $6,500,000. The property is zoned for mixed-use development, encompassing land, office, and retail uses, making it an ideal investment for both established businesses and forward-thinking developers seeking a prime location with substantial growth potential in a thriving Houston market. The address is 6130 Wheatley St, Houston, TX 77091.

• CAP approach

  CAP return

  Valuation

  6%

  $1,201,223

  6.5%

  $1,108,821

  7%

  $1,029,620

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,486,193

  Geo Method

  $3,010,306

• Alternative Use

  Use

  Valuation

  Residential

  $935,332

  Hospitality

  $856,759

  Educational

  $712,814

  Medical

  $737,328

  Retail

  $1,108,821

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8545

Longitude

-95.4282

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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