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12403 Veterans Memorial Dr Houston, TX 77014

Strip malls Google Maps
18,462 SF 0.92 ac lot Built 1980
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$395k
Range $356k – $435k (±10%)
Property ID US82-2175573

Property summary

AI-generated overview

Liberty Corner, a 17,300 square foot retail center, presents a fantastic opportunity. Located at the highly visible corner of Veterans Memorial and Northcliffe Manor Drive in Harris County, this multi-tenant property boasts a strong existing tenant base including T&G Insurance, Fyza Food, and Lunar Botanica. Built in 1980, the center offers one immediately available storefront space totaling 2,000 square feet, ideal for a variety of retail businesses. The property's strategic location ensures high visibility and accessibility for customers. This is an excellent chance to establish a presence in a well-established retail center within a thriving Houston community. Further details regarding the available space and lease terms are available upon request. The property address is 12403 Veterans Memorial Drive, Houston, TX. An aerial map is available online.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction CONCRETE BLOCKS
Total area 18,462 SF
Lot 0.92 ac (39,949 SF)
APN 480200000014
UPID US82-2175573

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
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Florist
  • Grocery & Convenience Store Food Market
  • Gym & Fitness Center
  • Barber Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2020
1 recorded transaction
2020
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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