1619 Texas Pkwy Missouri City, TX 77489
Property profile & analytics
1619 Texas Pkwy Missouri City, TX 77489
- Commercial real estate
- 4,500 SF
- 0.58 lot acres
Property ID
US82-2402120
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Summit Nail / Nail Salon
- Alvo The Barber / Barber Shop
- Q2 foot massage / Alternative Medicine Practice / Spa & Massage Center
- Direct Discount Furniture & Mattress / Furniture & Home Goods / Home Decor Store
- C B Financial Services / Bank / Loan Service
Property Details for 1619 Texas Pkwy
- Year built
- 2002
- Lot size
- 0.58 lot acres
- Property size
- 4,500 SF
- Zone code
- X
- Property type
- Commercial real estate
- APN
- 0264-00-000-0124-907
- APU
- 264000000124907
Description
This exceptional 4,500 square foot retail strip center presents a compelling investment opportunity in the thriving Missouri City, Texas market. Located on the high-traffic Texas Parkway, this fully leased Class C property boasts four tenants, including one with a 10-year lease, ensuring consistent income. Built in 1997 on a 0.58-acre lot, the property benefits from its prime location adjacent to a newly constructed Discount Tire and directly across from the Houston Community College Missouri City campus, guaranteeing high visibility and foot traffic. Currently operating at 100% occupancy, the property generates a strong NOI of $74,640, with a pro-forma NOI projected at $79,735, and a potential to reach $97,000 by 2025. Below-market rents offer significant upside potential for future income growth. The property's strategic location within a rapidly expanding area, surrounded by new residential and commercial developments, further enhances its long-term value. This unique investment opportunity, with no comparable properties within a 10-mile radius, is offered at $1,350,000, representing a 5.53% cap rate and a pro-forma cap rate of 5.91%. Seller financing is available with a down payment exceeding 50% and a low interest rate. The property's strong tenant base, prime location, and significant growth potential make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Missouri City
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.5265
- Latitude
- 29.6042
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,168
$89,368
$847,555
$936,923
-
$89,368
$847,555
$936,923
