12603 Fm 1960th W Rd Houston, TX 77065-4003
Property summary
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
VerifiedCap rate & NOI
Current use
-
Car Wash
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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