1101 Nasa Pkwy Webster, TX 77598-4944
- Outlet malls
- 75,560 SF
- 7.21 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 1101 Nasa Pkwy
- Year built
- 1979
- Construction
- STEEL FRAME
- Lot size
- 7.21 lot acres
- Property size
- 75,560 SF
- Property type
- Outlet malls
- APN
- 361720000010
- APU
- 361720000010
Description
This exceptional 0.91-acre commercial property in Houston, Texas, presents a unique investment opportunity. Located at 1101 NASA Parkway in Harris County, zip code 77058, this vacant land boasts a substantial 8,280-square-foot building constructed in 1964. The single-story structure sits on a sizable lot and is ideally suited for a restaurant, given its existing subtype. The property benefits from a highly visible location with approximately 242 feet of frontage on NASA Parkway, experiencing a significant daily traffic count of 55,086 vehicles. Its proximity to major attractions adds to its appeal; it's situated approximately 0.8 miles from the Johnson Space Center and Space Center Houston, ensuring high visibility and potential customer traffic. The asking price for this prime Houston real estate is $950,000. This is a rare chance to acquire a well-positioned property with significant development potential in a thriving area. The property's size and location make it an attractive proposition for investors seeking a high-return opportunity in the Houston restaurant market. The vacant status allows for complete customization to suit a wide range of restaurant concepts. Don't miss this chance to secure a piece of Houston's vibrant commercial landscape.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $1,035,000
- 7%
- $1,080,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $955,000
- Geo Method
- $1,210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,175,000
- Retail
- $1,060,000
- Mixed-Use
- $980,000
- Hospitality
- $1,055,000
- Educational
- $990,000
- Residential Income
- $985,000
- Energy
- $1,070,000
- Income-Based Land
- $885,000
- Food Service
- $1,150,000
Location Insight
- Map
- Local Demand
- City
- Webster
- County
- Harris
- State
- Texas
- Longitude
- -95.1272
- Latitude
- 29.5295
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
