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Property profile & analytics
OFF-MARKET
Retail space

1514 Mercury Dr Houston, TX 77029-2616

2,064 SF 0.13 ac lot Built 1945
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US82-2383409
Property summary
AI-generated overview

This exceptional 1,644 square foot mixed-use property, located at 1514 Mercury Drive in Houston, Texas 77029, presents a unique investment opportunity. Situated on a desirable corner lot spanning 5,718 square feet, this single-story building offers ample parking and versatile space suitable for various uses, including medical office, quick-service restaurant (QSR), or storefront retail. Built in 1945 and renovated in 1998, the property is currently vacant, allowing for immediate customization to suit your specific business needs. The asking price is $268,000, translating to $163.02 per square foot. Conveniently located with easy access to major thoroughfares including I-10, I-610, and Highway 90, this property benefits from high visibility and excellent accessibility. According to the MLS flood map, this property is not located in a flood zone. The seller is offering financing options, making this an even more attractive proposition for potential buyers. This is a rare opportunity to acquire a well-located, versatile property with significant upside potential. Contact us to learn more about this exciting investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction WOOD FRAME
Total area 2,064 SF
Lot 0.13 ac (5,719 SF)
APN 552190170026
UPID US82-2383409
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
  • His Praise Fest Ministries Inc Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
La Fresa Property Group LLC
La Fresa Property Group LLC
since 2025
2 recorded transactions
2025
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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