421 University Dr Prairie View, TX 77445
Brown Plaza, located at 421 University Dr, Prairie View, TX 77445, presents a prime retail investment opportunity. This newly constructed (2022) storefront boasts a total building area of 7,295 square feet, situated on a generous 1.39-acre lot. Currently, a significant portion of the space, totaling 4,790 square feet, is available for lease. The property's "Multiple Tenancy" designation suggests flexibility for various retail concepts, potentially allowing for division into smaller units to suit specific business needs. The building's modern design and prominent location on University Drive in Prairie View, Texas offer excellent visibility and accessibility for potential tenants. This presents a unique chance to establish a business in a thriving community. The property's strategic location provides easy access for customers and employees alike. The substantial vacant space offers considerable potential for customization and adaptation to a wide range of retail uses. With its modern construction and ample space, Brown Plaza is an exceptional opportunity for businesses seeking a high-impact presence in the Prairie View market. The 1.39-acre lot provides ample parking and potential for future expansion. This property is ideal for a single large tenant or multiple smaller businesses seeking a collaborative environment. Interested parties are encouraged to explore the possibilities this exceptional retail space offers.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.