7003 Harrisburg Blvd Houston, TX 77011-4602
- Retail space
- 7,470 SF
- 0.80 lot acres
Current Use by Public Records
- Grocery Services / Grocery & Convenience Store / Food Market
- dryerventcleaningservicetx / Construction Company / General Contractor
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- World Finance / Loan Service
Property Details for 7003 Harrisburg Blvd
- Year built
- 2006
- Construction
- BRICK
- Lot size
- 0.80 lot acres
- Property size
- 7,470 SF
- Property type
- Retail space
- APN
- 1256730010001
- APU
- 1256730010001
Description
This exceptional 7,000 square foot retail property, built in 2006, is situated on a 0.8-acre lot at 7003 Harrisburg Blvd in Houston, Texas, zip code 77011. Boasting a 100% occupancy rate and a strong net operating income (NOI) of $189,807.36, this investment opportunity presents a compelling 6.89% cap rate at an asking price of $2,700,000. The property features ample parking with 40 spaces and benefits from a prime location in the heart of the Eado District, providing easy access to major highways. Its strategic placement directly across from a Metro Rail station ensures high visibility and accessibility. Furthermore, the property is surrounded by new residential developments, creating a robust and growing customer base. The proximity to Downtown Houston, Minute Maid Park, and the Toyota Center adds to its desirability. This property represents a rare opportunity to acquire a high-performing retail asset in a rapidly developing area of Houston, a city experiencing significant population growth and economic expansion. The property's strong financial performance, coupled with its ideal location and excellent accessibility, makes it an attractive investment for discerning buyers seeking stable returns in a thriving market.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,011,000
Market price range: $352k - $1.01M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $660,000 Current use
- COMMERCIAL (GENERAL)
- $1,205,000 Change: +82% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,135,000 Change: +71% Conversion: Difficult
- RESTAURANT
- $1,005,000 Change: +52% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $785,000 Change: +19% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3014
- Latitude
- 29.7359
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
