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Property profile & analytics
FOR LEASE
Strip malls

14555 W Lake Houston Pkwy Houston, TX 77044

15,108 SF 2 ac lot Built 2018
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-8655752
Property summary
AI-generated overview

This exceptional 13,500-square-foot retail storefront, built in 2019, is ideally situated on a prominent hard corner lot in Houston, Texas. Located at 14555 W Lake Houston Pkwy, in Harris County, zip code 77044, this core investment opportunity sits on a two-acre parcel. The property boasts significant upside potential due to below-market rents, currently averaging approximately 12% below market value. A key advantage is that only 50% of the current tenants have lease options upon expiration, presenting a substantial opportunity for future rent increases. The surrounding area has experienced remarkable growth, with a 112% population increase within a one-mile radius since 2010, indicating a strong and expanding customer base. This prime location at the hard corner of W Lake Houston Parkway and Summer Lake Ranch Drive ensures high visibility and accessibility for businesses. The property's modern construction and strategic location make it an attractive investment for discerning buyers seeking a high-return retail asset in a rapidly growing market. This is a rare chance to acquire a well-positioned retail center with significant potential for immediate and long-term value appreciation.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Construction METAL FRAME
Total area 15,108 SF
Lot 2 ac (87,146 SF)
APN 1230790050044
UPID US82-8655752
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
  • Terrific Teeth Dental Office
  • RISE Modern Wellness Gym & Fitness Center Alternative Medicine Practice
  • Renzo Gracie Lake Houston Training Center Sports School
  • Market Cleaners (Bike/Boat/Book/etc) Store
  • SHIPLEY DO-NUTS SUMMERWOOD Bakery Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
$499k
Blend (final) Blend
$505k
Owner & transaction history
Growrkidsinsummerwood LLC · 10 yrs held
Growrkidsinsummerwood LLC
since 2015
7 recorded transactions
2020
Price N/A
2019
Price N/A
2019
Price N/A
2018
Price N/A
2015
Price N/A
2014
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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