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Property profile & analytics
OFF-MARKET
Strip malls

1402 Sam Houston Ave Huntsville, TX 77340-4557

3,200 SF 0.32 ac lot Built 2009
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-5968355
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully occupied, four-unit retail strip center located at 1402 Sam Houston Ave, Huntsville, Texas, 77340. The property, known as AshLan Center, boasts a total of 3,200 square feet, currently leased at 100% occupancy under a triple net (NNN) lease structure. Each unit is individually leased to established businesses including Flow Style Ink, World Peace Smoke Shop, TECH-ER, and Freeway Insurance, providing a diverse and stable tenant mix. The asking price is $928,530, translating to a price per square foot of $290.17. Strategically positioned just blocks from the Sam Houston State University campus, this property benefits from high visibility and significant foot traffic on a busy thoroughfare. Ample parking is available for tenants and customers. The building is in turnkey condition, requiring minimal capital expenditure upon acquisition. This is an ideal investment for those seeking a stable, income-producing asset in a growing Texas market. The property's location near Sam Houston State University ensures a consistent customer base and strong rental potential. The multi-tenant structure mitigates risk and provides diversification of income streams. This is a rare opportunity to acquire a well-maintained, high-performing retail property in a desirable location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2009
Construction STONE
Total area 3,200 SF
Lot 0.32 ac (13,996 SF)
APN 29987
UPID US82-5968355
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
  • Freeway Insurance Insurance Agency
  • Xpress PC - World Peace Computer & Electronic Repair Tech Support Center
  • World Peace Smoke Shop Huntsville (Bike/Boat/Book/etc) Store
  • Tech-ER Computer & Electronic Repair
  • Flow Style Ink Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Maalouf Properties LLC · 18 yrs held
Maalouf Properties LLC
since 2008
3 recorded transactions
2008
Price N/A
2008
Price N/A
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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