15919 Post Oak Rd Houston, TX 77053
- Commercial real estate
- 9,900 SF
- 1.12 lot acres
Current Use by Public Records
- Shining Stars Daycare And Academy / Daycare Center
- Inspired Achievers Academy / Daycare Center
Property Details for 15919 Post Oak Rd
- Year built
- 1989
- Lot size
- 1.12 lot acres
- Property size
- 9,900 SF
- Property type
- Commercial real estate
- APN
- 6250-01-000-0102-907
- APU
- 6250010000102907
Description
This exceptional 10,052-square-foot shopping center, situated on a 1.12-acre lot at 15919 S Post Oak Rd, Houston, TX 77053, presents a compelling investment opportunity. The Class C property, built in 1987 and renovated in 2002, boasts a single, one-story building with a multi-tenant occupancy currently at 100%. The property features a Net Net Net (NNN) lease structure with a remaining lease term of two years. The asking price is $1,800,000, translating to $179.07 per square foot. The property generates a strong net operating income (NOI) of $144,820. Benefiting from its location in a high-traffic area on S Post Oak Rd, near Beltway 8, this retail center enjoys excellent visibility and serves a robust demographic, with a population of 31,115 and an average household income exceeding $52,800 within the 77053 zip code. Recent improvements include a new roof installed in March 2023. The property is offered fee simple and is identified by APN 6250-01-000-0102-907. Annual gross rents total $178,200, with property taxes at $15,709 and property insurance at $11,371. This is a prime retail opportunity not to be missed.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $405,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $907,000
Market price range: $348k - $1.26M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $795,000 Current use
- RESTAURANT
- $1,000,000 Change: +26% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $925,000 Change: +16% Conversion: Difficult
- RETAIL STORES
- $730,000 Change: -8% Conversion: Easy
- OFFICE BUILDING
- $690,000 Change: -13% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.4675
- Latitude
- 29.5935
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA