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Property profile & analytics
OFF-MARKET Estimated value $670,000
Retail space

2520 Airline Dr Houston, TX 77009-1152

5,268 SF 16.98 ac lot Built 1965
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US82-3715822
Property summary
AI-generated overview

This exceptional 130,000 square foot Class A retail and industrial property, located in Houston Heights' vibrant submarket of Harris County, presents a unique investment opportunity. Built in 2020, this nine-building complex sits on a generous 17.5-acre lot and boasts 576 parking spaces, ensuring ample convenience for tenants and customers. The property features a diverse range of uses, including refrigerated/cold storage, food and beverage, coffee shops, fitness centers, wine and spirits retailers, restaurants, and general retail spaces. Multiple tenancies are available, with spaces ranging from a minimum of 450 square feet to a maximum contiguous space of 18,000 square feet, providing flexibility for a variety of businesses. The property's rich history as the oldest and largest farmers market in Houston, dating back to the 1940s, provides a strong foundation for future success. Recent renovations have transformed the market into a modern destination retail and dining experience, attracting a diverse clientele. This prime location offers unparalleled access to a thriving community and significant growth potential. The property is ideally suited for businesses seeking a high-visibility location within a dynamic and established market. Contact us today to learn more about this exceptional investment opportunity.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1965
Construction BRICK
Total area 5,268 SF
Lot 16.98 ac (739,649 SF)
APN 1251680010001
UPID US82-3715822
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
  • Manzanos Produce Food Market Specialty Food Shop
  • Los Cavazos (Bike/Boat/Book/etc) Store Specialty Food Shop
  • HTX Fresh Agricultural Supply Food Market
  • Regino Produce Food Market Specialty Food Shop
  • Pereyda produce Food Market Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$768k
Blend (final) Blend
$670k
Owner & transaction history
Mlb Airline Market LP · 9 yrs held
Mlb Airline Market LP
since 2017
6 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.1M +109.8%
Auto repair, garage $705,000 +33.5%
Restaurant $600,000 +12.9%
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