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Property profile & analytics
OFF-MARKET Estimated value $930,000
Strip malls

1520 College Ave South Houston, TX 77587-5408

45,659 SF 4.04 ac lot Built 1959
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4698094
Property summary
AI-generated overview

This exceptional Class A retail strip center, located at 1520 College Ave in South Houston, Texas, presents a unique investment opportunity. Boasting a total of 43,030 square feet across five suites, this single-story building sits on a generous 4.07-acre lot (177,376 square feet) and offers ample parking with 150 spaces. Currently, 19,999 square feet of space is available, with individual suites ranging from a minimum of 1,363 square feet to a maximum contiguous space of 8,327 square feet. Originally constructed in 1959, the property underwent a complete renovation in 2022, ensuring modern amenities and a high-quality finish. Situated in the CG - South submarket of Harris County (zip code 77587), this location benefits from its proximity to major transportation arteries, the Houston Ship Channel, and significant industrial and commercial activity. The South Houston area is home to a thriving business community, including numerous light manufacturing, fabrication, service, and retail businesses. Its convenient location offers easy access to Pasadena, Deer Park, and is only eleven miles from downtown Houston, placing it within a short distance of Clear Lake, Galveston, and the NASA Johnson Space Center. This property offers a compelling combination of size, location, and recent renovations, making it an ideal investment for discerning buyers.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1959
Construction BRICK
Total area 45,659 SF
Lot 4.04 ac (176,131 SF)
APN 430520000074
UPID US82-4698094
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
  • Lagom.therightamount (Bike/Boat/Book/etc) Store
  • Bukaneros Outfit Clothing Store
  • Playmore Leasing Properties Loan Service
  • InstaBitATM Bitcoin ATM Crypto Atm Atm
  • SOHO EXPRESS Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
by Request
Comparable Approach Comparable
$892k
Blend (final) Blend
$930k
Owner & transaction history
1504 Investments LLC · 8 yrs held
1504 Investments LLC
since 2017
7 recorded transactions
2022
Price N/A
2020
Price N/A
2020
Price N/A
2017
Price N/A
2012
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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