Technical
Financial
Distress signals
Property profile

6705 Fondren Rd Houston, TX 77036

OFF-MARKET
Drive through restaurants
Property ID
US82-2617260
2,550 SF 0.48 ac lot Built 1972
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 2,550 square foot vacant retail building, located at 6705 Fondren Rd, Houston, TX 77036, presents a compelling redevelopment opportunity. Formerly a quick-service restaurant, the property boasts a drive-thru and ample parking, catering to a large customer base. Its strategic positioning, out-parceled to PlazAmericas Mall (over 125 stores and 3,200,000 annual visitors), ensures high visibility and foot traffic. The surrounding area demonstrates strong demographics, with over 483,270 people within a 5-mile radius and an average household income exceeding $112,230. The property benefits from its location on a highly trafficked street (Fondren Rd, ~28,000 vehicles per day, and Bellaire Blvd, ~45,000 vehicles per day), across from St. Agnes Athletic Complex and Sharpstown Golf Course, and near I-59 (~174,500 vehicles per day). Built in 1972, this property is priced at $1,075,000 ($421.57 per square foot) and offers significant potential for investors seeking a prime location in a thriving Houston market. The property is vacant and ready for immediate development.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1972
Construction BRICK
Total area 2,550 SF
Lot 0.48 ac (20,948 SF)
APN 930660000019
UPID US82-2617260

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
  • Restaurant
  • Corporate Office

Location

6705 Fondren Rd Houston, TX 77036-4909
Houston metro Census 432805 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2017
Price N/A
2016
Price N/A

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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