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    Property profile & analytics
    OFF-MARKET Estimated value $645,000
    Gas stations

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

    16,398 SF 1.75 ac lot Built 2000
    Entity Owned Absentee Owner Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Car Spa Car Wash, Oil Change, & State Inspection 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
    INSITE HOUSTON PRTNSHP
    INSITE HOUSTON PRTNSHP
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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