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Property profile & analytics
OFF-MARKET Estimated value $1,545,000
Outlet malls

1101 Nasa Pkwy Webster, TX 77598-4944

75,560 SF 7.21 ac lot Built 1979
Trust Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-3001522
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1979
Construction STEEL FRAME
Total area 75,560 SF
Lot 7.21 ac (313,850 SF)
APN 361720000010
UPID US82-3001522
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
AI Approach AI
$1.31M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.55M
Owner & transaction history
Suker 1996 Family Trust · 7 yrs held
Suker 1996 Family Trust
since 2018
4 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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