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12900 Willow Chase Dr Houston, TX 77070

Community centers Google Maps
131,146 SF 12.88 ac lot Built 1984
Entity Owned 13-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$1.74M
Range $1.56M – $1.91M (±10%)
Property ID US82-0269458

Property summary

AI-generated overview

Willowchase Shopping Center presents a unique investment opportunity in the thriving Northwest Houston submarket, specifically the Willowbrook area. This established, 273,230 square foot, grocery-anchored lifestyle center boasts a dominant position at the signalized intersection of US 249 and FM 1960, benefiting from exceptional visibility and accessibility. The property features three single-story buildings, constructed in 1984 and extensively renovated in 2017. A significant anchor tenant is a 93,000 square foot Fiesta grocery store, consistently ranking among the top performers in the Houston market. The center offers multiple tenancy options, with a minimum divisible space of 1,644 square feet and a maximum contiguous space of 3,220 square feet. Currently, there is 6,939 square feet of vacant space available. Convenient access is provided by multiple curb cuts on US 249 (121,400 vehicles per day), FM 1960 Access Road (50,000 vehicles per day), and Willow Chase Drive. Ample parking is available, with a ratio of 5.11 spaces per 1,000 square feet. Further enhancing its appeal, two pad sites facing FM 1960 are slated for completion in 2025, presenting additional development potential. This property offers a compelling blend of established tenancy, high traffic counts, and future expansion possibilities, making it an ideal investment for discerning buyers.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1984
Construction STEEL FRAME
Total area 131,146 SF
Lot 12.88 ac (561,053 SF)
APN 1149930000014
UPID US82-0269458

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.74M

Owner & transaction history

since 2013
3 recorded transactions
2017
Price N/A
2013
Price N/A
1969
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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More about this property
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