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Property profile & analytics
OFF-MARKET Estimated value $780,000
Retail space

3985 Underwood Rd La Porte, TX 77571-3929

7,700 SF 0.55 ac lot Built 1983
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4112604
Property summary
AI-generated overview

This exceptional 1,350-square-foot retail shell space is located at 3985 Underwood Rd, La Porte, TX 77571, offering high visibility at a prominent corner location. The property, part of a larger 10,500-square-foot building with two suites, sits on 1.12 acres of land and boasts ample parking (31 spaces, a 2.5/1000 ratio). Built in 1983 and extensively renovated in 2021, this Class B property presents a turnkey opportunity for various businesses. The space is ideal for a tea house, small office, or fast-food establishment, given its location within a populated area surrounded by residential neighborhoods and apartments, and adjacent to a new laundromat. High traffic counts ensure excellent exposure. The landlord offers assistance with build-out. The asking rent is $19 per square foot per year, triple net. A minimum five-year lease term is preferred. The property features one story and no elevators. Note that smoke shops are not permitted.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Construction METAL FRAME
Total area 7,700 SF
Lot 0.55 ac (24,002 SF)
APN 431480000265
UPID US82-4112604
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$662k
Blend (final) Blend
$780k
Owner & transaction history
Muntazir LLC · 10 yrs held
Muntazir LLC
since 2016
2 recorded transactions
2016
Price N/A
1998
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $770,000 +27.5%
Restaurant $655,000 +8.1%
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