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Property profile & analytics
OFF-MARKET Estimated value $860,000
Strip malls

8503 Gulf Fwy Houston, TX 77017-5086

29,676 SF 5.46 ac lot Built 1978
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2212735
Property summary
AI-generated overview

Corum Plaza presents a prime retail investment opportunity situated at the northeast corner of I-45 and Monroe Road, offering exceptional visibility and accessibility. This established neighborhood shopping center benefits from its strategic location near Loop 610 and Hobby Airport, ensuring high traffic volume. The property boasts a total of 66,801 square feet across a single story building, with seven available spaces ranging from 1,400 to 8,500 square feet. A significant advantage is the availability of monument signage, providing unparalleled exposure to over 213,800 vehicles daily traveling on I-45's main lanes and northbound access road. For larger tenants, a 6,150 square foot inline space can be combined with adjacent space to create a maximum of 8,500 square feet of contiguous retail area. Additionally, a 2,550 square foot second-generation retail endcap is available and is ideally suited for a drive-thru operation. This property offers a unique blend of high visibility, convenient location, and flexible space options, making it an ideal location for a variety of retail businesses. The multiple tenancy structure provides opportunities for diverse businesses to thrive within a well-established and highly trafficked commercial environment.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction CONCRETE BLOCKS
Total area 29,676 SF
Lot 5.46 ac (237,816 SF)
APN 402020000016
UPID US82-2212735
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
  • Texas Rehab Institute Medical Clinic
  • Jay C Service Inc Insurance Agency
  • A-Affordable Insurance Agency
  • Security Finance Loan Service
  • Sweet Rosi Beauty Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$860k
Owner & transaction history
Khoury & Turk LLC · 11 yrs held
Khoury & Turk LLC
since 2015
2 recorded transactions
2015
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.4M +59.7%
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