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12603 Fm 1960th W Rd Houston, TX 77065-4003

OFF-MARKET Gas stations Google Maps
16,398 SF 1.75 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$645k
Range $581k – $710k (±10%)
Property ID US82-2851836

Property summary

AI-generated overview

This 12,000 square foot retail property, situated on a 1.75-acre lot in Houston, Texas, presents a compelling investment opportunity. Built in 2000, the property boasts a prime location at a high-traffic, signalized intersection, offering exceptional visibility and accessibility. Previously operating as a gas station, car wash, and lube center, the building includes four gas pumps, two underground storage tanks (15,000 and 10,000 gallons), and three oil change bays. A 120-foot conveyorized tunnel car wash, along with ample space for vacuuming and detailing under a large canopy, are also included. The property enjoys a highly desirable location, serving as a pad site to a Target store and surrounded by major retail anchors such as Walmart, Home Depot, Kroger, and Kohl's. Daily traffic counts exceed 72,413 vehicles, further enhancing its commercial potential. The area demographics are equally impressive, with an average household income of $115,828 and over 100,000 households within close proximity. The 2024 daytime population is projected to be 300,989. Furthermore, the property benefits from its proximity to the Northwest Freeway (Highway 290), less than one mile away. Ongoing TxDOT road construction at the intersection is expected to be completed by the end of 2024, promising further improvements to accessibility and visibility. This property offers significant potential for a variety of retail uses.

Property profile

Verified
Property type Gas stations
Use group GAS STATION
Year built 2000
Construction STEEL FRAME
Total area 16,398 SF
Lot 1.75 ac (76,330 SF)
APN 1211520010001
UPID US82-2851836

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
  • Car Wash

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
by Request
Comparable Approach Comparable
$787k
Blend (final) Blend
$645k

Owner & transaction history

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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