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    Property profile & analytics
    OFF-MARKET Estimated value $635,000
    Strip malls

    20669 Lk Houston Pkwy, Humble, TX 77346-1497

    22,915 SF 2.3 ac lot Built 2004
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US82-6346385
    Property summary
    AI-generated overview

    This exceptional 20,948 square foot Class A retail center, located at 20669 W Lake Houston Pkwy, Humble, TX 77346, presents a unique leasing opportunity in the thriving Kings Lake Estates submarket. The property boasts a single, one-story building with 10 suites, offering flexible spaces ranging from a minimum of 1,782 square feet to a maximum contiguous space of 3,240 square feet. Currently, 5,022 square feet are vacant, providing immediate occupancy potential. The center is ideally suited for a variety of uses, including retail, restaurant, and special purpose tenants, as indicated by its Commercial zoning. With ample parking (133 spaces) and excellent visibility from W. Lake Houston Parkway, this location ensures high traffic and accessibility. The property benefits from its strategic position in a densely populated area, with average household incomes exceeding $100,000 within a 5-mile radius, and high daily traffic volume exceeding 120,000 vehicles. The center's location between Atascocita and Kingwood provides convenient access to a large customer base. This is a rare opportunity to secure a space in a thriving retail center with strong demographics and high visibility. The property is conveniently located near Upper Lake Drive.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 2004
    Construction BRICK
    Total area 22,915 SF
    Lot 2.3 ac (100,275 SF)
    APN 1191890010003
    UPID US82-6346385
    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
    • Edible Arrangements (Bike/Boat/Book/etc) Store Florist
    • Indymac Bank Bank Loan Service
    • Sunrise Donuts and Kolaches Bakery Discount Store
    • Lucky Nails Nail Salon
    • Fashions & More Clothing & Fashion Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $580k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $694k
    Blend (final) Blend
    $635k
    Owner & transaction history
    Us Bank NA Series 2007-c3 Tr · 8 yrs held
    Us Bank NA Series 2007-c3 Tr
    since 2017
    3 recorded transactions
    2017
    $4.0M
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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