12405 Gessner Rd Houston, TX 77064-1170
Property profile & analytics
12405 Gessner Rd Houston, TX 77064-1170
- Outlet malls
- 159,917 SF
- 14.91 lot acres
Property ID
US82-4539082
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Costco Bakery / Bakery / Specialty Food Shop
- Kernel Bitcoin ATM ( Chevron Gas Station / Charge Up ) / Atm
- Costco Gas Station / Gas Station
- Costco Wholesale / Big Box & Wholesale Store / Discount Store
- Charge Up / Grocery & Convenience Store
Property Details for 12405 Gessner Rd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 14.91 lot acres
- Property size
- 159,917 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 1196010010002
- APU
- 1196010010002
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,030 square-foot Chevron convenience store and gas station in Houston, Texas. The property boasts eight gas pumps and sits on a 0.69-acre lot at a high-traffic, four-way signalized intersection with a combined 31,500 cars daily. The property features a single-tenant, absolute NNN lease with Chevron, a highly reputable brand, commencing October 16, 2023, and expiring October 16, 2038, with four or five-year renewal options. The current lease includes a 12.5% rent increase every five years, providing an excellent hedge against inflation. The property's strong financial performance is reflected in a 6.85% cap rate and a net operating income (NOI) of $317,616. Built in 2008 and renovated in 2019, the property benefits from recent improvements paid for by the tenant. Its prime location within the Houston MSA offers significant advantages, including proximity to the Sam Houston Tollway (113,400 cars per day), less than 20 miles from downtown Houston, and a dense population of over 420,000 people within a five-mile radius, with 147,000 households and an average household income of $96,000 within ten miles. The area also boasts a thriving employment hub with over 150,000 daytime employees within five miles. This property is located in Texas, a state with no income tax, further enhancing its investment appeal. The asking price is $4,636,000.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.5477
- Latitude
- 29.9549
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$155,406
$6,494,800
$6,718,036
$13,212,836
-
$6,494,800
$6,718,036
$13,212,836
