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    Property profile & analytics
    OFF-MARKET Estimated value $595,000
    Strip malls

    1400 Blalock Rd, Houston, TX 77055-4483

    13,060 SF 1.13 ac lot Built 1979
    Individually Owned 10-yr Hold Free & Clear
    Property ID
    US83-0949326
    Property summary
    AI-generated overview

    Wilshire Plaza, located at 1400 Blalock Rd, Houston, TX 77055, offers exceptional retail leasing opportunities in a thriving Harris County location. This multi-tenant shopping center is conveniently situated just two miles north of Memorial City Mall, benefiting from its proximity to a major retail destination and high traffic volume. The property features second-generation restaurant and retail spaces available for lease, providing adaptable layouts for various business needs. The plaza is strategically positioned within a densely populated residential area, boasting over 430,000 people residing within a five-mile radius, ensuring a substantial customer base for potential tenants. This presents a unique opportunity to establish or expand a business in a high-demand area with excellent visibility and accessibility. The property's classification as a retail shopping center in Harris County, Texas, further underscores its prime location and potential for success. Interested parties are encouraged to inquire about available spaces and lease terms. The property's precise latitude and longitude coordinates are 29.794225859303147 and -95.52248576941115 respectively.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1979
    Construction STEEL FRAME
    Total area 13,060 SF
    Lot 1.13 ac (49,310 SF)
    APN 1373570010001
    UPID US83-0949326
    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
    • Master's Workshop Jewelry (Bike/Boat/Book/etc) Store
    • Smile 4 Texas Dental Center Dental Office
    • Global One Bank Bank
    • Dr. Cuong Phan Dental Office
    • Dr. Quocnam Hoang Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $695k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $493k
    Blend (final) Blend
    $595k
    Owner & transaction history
    Wilshire Bk · 10 yrs held
    Wilshire Bk
    since 2015
    2 recorded transactions
    2015
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $740,000 +113.9%
    Apartment house (5+ units) $620,000 +78.7%
    Medical building $540,000 +55.7%
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