7710 Garth Rd Baytown, TX 77521-8809
- Retail space
- 8,863 SF
- 1.10 lot acres
Apr 25, 2022
Current Use by Public Records
- SOLPQ / Engineer
- Susan Crouch / Physician
- Siomara Sandoval / Physician
- Bitcoin ATM Baytown - Coinhub / Atm / Currency Exchange Service
- CBD + VAPE - Health Improvement / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
Property Details for 7710 Garth Rd
- Year built
- 2019
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.10 lot acres
- Property size
- 8,863 SF
- Property type
- Retail space
- APN
- 1419490010001
- APU
- 1419490010001
Description
This exceptional 8,037 square foot shopping center, located at 7710 Garth Rd, Baytown, TX 77521, presents a compelling investment opportunity. Built in 2020, this Class B, multi-tenant property boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $204,800 and a 6.50% capitalization rate. The asking price is $3,150,770. Situated on a 0.76-acre lot (APN 1235440000117), the property benefits from its strategic location within a rapidly growing area of Baytown, Harris County, Texas. The surrounding area has experienced significant population growth, with a 20% increase since 2020, totaling 33,187 residents within a 3-mile radius and 92,422 within 5 miles. This thriving community is fueled by the energy industry, home to major refineries including Exxon Mobil's substantial Baytown plant. The center's strong tenant mix is further enhanced by its proximity to established national retailers such as Target, Starbucks, Walgreens, HEB, Academy Sports, and Whataburger, ensuring high visibility and consistent foot traffic. This property offers a rare combination of strong financial performance, prime location, and significant growth potential, making it an ideal addition to any investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $770,000
Market price range: $286k - $771k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $450,000 Current use
- MEDICAL BUILDING
- $895,000 Change: +100% Conversion: Difficult
- RESTAURANT
- $670,000 Change: +50% Conversion: Easy
- OFFICE BUILDING
- $540,000 Change: +20% Conversion: Easy
- WAREHOUSE, STORAGE
- $505,000 Change: +12% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $500,000 Change: +11% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Baytown
- County
- Harris
- State
- Texas
- Longitude
- -94.9826
- Latitude
- 29.8126
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA