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3811 Ctr St Deer Park, TX 77536-6596

OFF-MARKET Strip malls Google Maps
10,804 SF 1.07 ac lot Built 2011
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$520k
Range $468k – $572k (±10%)
Property ID US82-9244518

Property summary

AI-generated overview

This exceptional retail opportunity presents itself at Shoppes at Town Square III, a Harris County shopping center offering two vacant suites for lease. The property boasts a total of 2,727 square feet, with each suite independently sizable. One suite offers a minimum of 1,240 square feet, while the maximum contiguous space available is 1,487 square feet. This presents a flexible leasing option for businesses seeking a variety of footprints. The entire shopping center is currently available for lease, providing a unique chance for a single tenant to occupy the entire space or for two separate businesses to establish themselves in a vibrant retail environment. The property is classified as a multi-tenant retail space, indicating a potential for synergistic business relationships within the center. The property's location in Harris County offers access to a substantial customer base and benefits from existing infrastructure and local amenities. This is an ideal location for businesses seeking high visibility and convenient access for their customers. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to inquire further to explore the possibilities this prime retail space offers.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2011
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,804 SF
Lot 1.07 ac (46,531 SF)
APN 1353090010003
UPID US82-9244518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Mobile Phone Store Electronics & Wireless Store
  • Construction Company General Contractor
  • Hardware & Home Improvement General Contractor
  • Restaurant

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$620k
CAP Approach CAP
by Request
Comparable Approach Comparable
$417k
Blend (final) Blend
$520k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Office building $810,000 +166.2%
Medical building $710,000 +133.9%
Apartment house (5+ units) $665,000 +118.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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