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Property profile & analytics
OFF-MARKET Estimated value $840,000
Strip malls

2929 Navigation Blvd Houston, TX 77003-1202

21,569 SF 1.81 ac lot Built 2019
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US82-4589039
Property summary
AI-generated overview

Navigation Place, located at 2929 Navigation Blvd in Houston, Texas (zip code 77003), offers exceptional retail space in a thriving East Downtown location. This newly constructed property boasts a total of 18,300 square feet, divided into six suites. Individual spaces range from a minimum of 1,200 square feet to a maximum contiguous space of 6,000 square feet, providing flexibility for various business needs. The property is situated within Harris County, in an established retail area already popular with restaurants and service providers. The addition of new businesses continues to enhance the area's appeal. Significant growth is evident with surrounding new multifamily and single-family residential construction, as well as multiple mixed-use developments. This prime location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking a vibrant and expanding market. The property's multiple tenancy structure allows for diverse businesses to coexist and benefit from shared foot traffic. This is a rare opportunity to secure retail space in a rapidly developing and highly desirable area of Houston.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2019
Construction STEEL FRAME
Total area 21,569 SF
Lot 1.81 ac (79,061 SF)
APN 1403730010001
UPID US82-4589039
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
  • Stellar Bank East End Bank Loan Service
  • Roostar Restaurant
  • Eduardo Montero Fernandez Dental Office
  • Gatsby's Grill Restaurant
  • Navigation Place Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$865k
CAP Approach CAP
by Request
Comparable Approach Comparable
$818k
Blend (final) Blend
$840k
Owner & transaction history
Ww Gage Investments LLC
Ww Gage Investments LLC
1 recorded transaction
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.4M +131.2%
Office building $1.1M +81.7%
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