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Property profile & analytics
OFF-MARKET Estimated value $565,000
Grocery and convenience stores

2719 Richey St Houston, TX 77017-6824

11,315 SF 1.34 ac lot Built 1966
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US82-1710599
Property summary
AI-generated overview

This exceptional 11,382-square-foot retail property in Houston, TX, presents a prime investment opportunity. Situated on a 1.336-acre lot at 2719 S Richey St, 77017, this single-tenant building boasts 11,000 square feet of vacant space, ideal for a variety of uses, including grocery, restaurant, nail salon, mattress store, or butcher shop. Completely renovated in 2020, the property features a new HVAC system, new plumbing, a tankless water heater, grease trap, two restrooms, and a separate office. The space includes three walk-in cooler/freezer units with stainless steel interiors (approximately 9x16 feet and two 11x11 feet), and an additional room with a walk-in strip curtain door/cooler. A prominent pylon sign ensures high visibility. Conveniently located near major freeways and just 12 minutes from Hobby International Airport, this property benefits from exceptional accessibility and high traffic volume. Built in 1966, this one-story building offers significant potential for a savvy investor seeking a strong return. The property's extensive upgrades and prime location make it an attractive proposition for a variety of retail businesses.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1966
Construction METAL FRAME
Total area 11,315 SF
Lot 1.34 ac (58,458 SF)
APN 451690000101
UPID US82-1710599
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
  • Vigo Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
$713k
Blend (final) Blend
$565k
Owner & transaction history
Roma Properties LLC · 9 yrs held
Roma Properties LLC
since 2017
6 recorded transactions
2017
Price N/A
2014
Price N/A
2011
Price N/A
2011
Price N/A
2011
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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