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Property profile & analytics
OFF-MARKET Estimated value $985,000
Strip malls

6500 Fm 2100th Rd Crosby, TX 77532-5647

47,016 SF 6.72 ac lot Built 1980
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US82-2103141
Property summary
AI-generated overview

This exceptional retail property, Town Center Plaza, offers 58,035 square feet of leasable space in a thriving Crosby, TX location. The single-story, Class B building features 19 suites, with five currently available, ranging from 1,200 to 3,906 square feet. Renovated in 2019, the property boasts a highly visible position at the three-way, traffic-controlled intersection of FM 2100 and Hare Road. Its strategic location is adjacent to the Newport Subdivision, a residential community with over 2,000 homes, ensuring a strong customer base. The area is experiencing significant growth, making this an ideal investment opportunity. Furthermore, FM 2100 is undergoing expansion from two to five lanes, promising increased visibility and accessibility. Traffic counts from 2023 TX DOT data reveal substantial daily traffic volumes on FM 2100, both north (17,627 vehicles) and south (33,707 vehicles) of Hare Road. The surrounding demographics are equally compelling, with average household incomes within a five-mile radius exceeding $110,000. Within one mile, the population is 7,072, growing to 22,172 within three miles and 33,989 within five miles, indicating a robust and expanding market. This property presents a rare chance to secure prime retail space in a high-growth area with excellent visibility and strong demographics.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Construction CONCRETE BLOCKS
Total area 47,016 SF
Lot 6.72 ac (292,658 SF)
APN 431830000005
UPID US82-2103141
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
  • Estrella Barbershop Barber Shop
  • Southeast Texas Cowboy Church Church
  • Hippo Burgers Restaurant
  • State of Texas Human Services Department Social Service Agency Charitable Organization
  • JLA Realty Crosby/Huffman Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$953k
Blend (final) Blend
$985k
Owner & transaction history
Arlans Markets INC · 6 yrs held
Arlans Markets INC
since 2019
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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