3985 Underwood Rd La Porte, TX 77571-3929
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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