13939 Westheimer Rd Houston, TX 77077-5358
This exceptional 9,806 square foot retail storefront, located at 13939 Westheimer Road in Houston, Texas, presents a compelling value-add redevelopment opportunity. The single-story, Class B building, constructed in 2003 and renovated in 2019, sits on a 0.57-acre lot (APN: 1072420000003) and boasts prominent frontage on Westheimer Road. Currently housing five tenants with 34% occupancy, this multi-tenant property offers significant upside potential. The property benefits from a high-traffic location between Highway 6 and Eldridge Parkway, experiencing 34,913 vehicles per day. Its strategic position within a thriving retail corridor is further enhanced by its proximity to the 300,000 square foot Village at West Oaks and a concentration of national retailers including Target, Walmart, H-E-B, Trader Joe's, The Home Depot, Best Buy, Ross, and Academy. The surrounding area boasts a substantial population of 147,685 within a three-mile radius, with an average household income of $94,073. This property is an ideal investment for those seeking to capitalize on a strong retail market and a prime location in Houston's dynamic Westheimer corridor.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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