12002 Richmond Ave Houston, TX 77082
- Strip malls
- 16,994 SF
- 1.44 lot acres
Current Use by Public Records
- Alicia's Mexican Grille / Mexican Restaurant / Bar & Grill
- Little Thai Cafe / Thai Restaurant
- Lakeview Dental: Dr. Rashmi Nandish / Dentist
- Western Union / Money Transfer Service
- Martinizing Cleaners / Dry Cleaner
Property Details for 12002 Richmond Ave
- Year built
- 2003
- Construction
- STEEL FRAME
- Lot size
- 1.44 lot acres
- Property size
- 16,994 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 1241600010001
- APU
- 1241600010001
Description
This exceptional single-story, Class B commercial property, The Plazas at Royal Oaks, offers a unique blend of medical and creative office spaces within a thriving shopping center. Built in 2004, the 15,275 square foot building features nine suites, with 2,600 square feet currently vacant, offering flexible options ranging from 1,200 to 2,100 contiguous square feet. The property boasts 73 parking spaces, providing ample convenience for tenants and their clients. Its location near S Kirkwood Dr. in Harris County ensures excellent accessibility. The building is ideal for businesses seeking a versatile and well-situated space in a high-demand area. The surrounding Royal Oaks neighborhood demonstrates a strong economic profile, with a median home price exceeding that of 96.4% of Texas neighborhoods and 88.6% of US neighborhoods. This reflects a high concentration of residents in executive, management, and professional occupations, boasting an average household income of $79,282. Commuting patterns show a significant reliance on private vehicles (87.4%), supplemented by carpooling (6.7%) and bus usage (5.9%), indicating robust local transportation options. The property's location within a shopping center further enhances its visibility and accessibility, making it an attractive option for a variety of businesses. This is a rare opportunity to secure prime commercial space in a highly desirable and affluent area.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $525,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $650,000
Market price range: $355k - $651k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $520,000 Current use
- WAREHOUSE, STORAGE
- $790,000 Change: +51% Conversion: Difficult
- RETAIL STORES
- $540,000 Change: +3% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5899
- Latitude
- 29.7315
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
