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11650 Jones Rd Houston, TX 77070-5937

OFF-MARKET Strip malls Google Maps
11,078 SF 0.81 ac lot Built 1979
Individually Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$355k
Range $320k – $391k (±10%)
Property ID US83-4138731

Property summary

AI-generated overview

This exceptional retail opportunity is located at 11650 Jones Rd in the Fairfield submarket's Northwest cluster. The property is a Class B shopping center totaling 9,700 square feet, built in 1979, and currently features multiple tenancies. Three individual spaces are immediately available, ranging in size from 1,086 square feet to a desirable 2,166 square foot endcap space. The endcap unit presents a significant advantage for businesses seeking high visibility and accessibility. This second-generation space offers immediate occupancy, allowing for a swift and efficient start to operations. The property's location within the established Fairfield submarket provides access to a strong customer base and ample parking. The building's overall condition reflects its age, presenting a solid foundation for a variety of retail uses. This is an excellent chance to establish or expand a retail presence in a well-positioned, accessible location. The flexible space options cater to diverse business needs, making this an attractive investment for both established businesses and new ventures. Serious inquiries are encouraged to explore the potential of this prime retail space and secure their place in this thriving commercial area. Detailed floor plans and lease terms are available upon request. Don't miss this opportunity to secure your ideal retail space in a prime Fairfield location.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1979
Construction CONCRETE BLOCKS
Total area 11,078 SF
Lot 0.81 ac (35,358 SF)
APN 460430000182
UPID US83-4138731

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Barber Shop
  • Computer & Electronic Repair Tech Support Center
  • Restaurant
  • Restaurant
  • Shopping Center & Mall

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

Owner & transaction history

since 2004
5 recorded transactions
2008
Price N/A
2004
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

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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