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Property profile & analytics
FOR LEASE
Strip malls

9247 Gulf Fwy Houston, TX 77017

36,308 SF 3.21 ac lot Built 1975
Entity Owned Absentee Owner Free & Clear
Property ID
US82-3083753
Property summary
AI-generated overview

This exceptional 36,240 square foot retail and office property, situated in South Houston, presents a unique investment opportunity. Located on the northbound frontage road of I-45 and College Avenue, the 45 @ College Shopping Center benefits from high traffic counts and a dense retail corridor. The single-story, 1975-built building underwent renovations in 2012, offering a blend of modern amenities and established presence. The property encompasses 3.21 acres (139,974 square feet) and features two suites, with 2,585 square feet currently vacant. Three spaces are immediately available, ranging from 1,500 to 4,676 square feet, ideal for a variety of uses, including coworking and creative office spaces, as well as retail and restaurant establishments. The property's strategic location provides dual access points for easy entry and exit, enhancing convenience for both tenants and customers. Its proximity to Hobby Airport further adds to its appeal. Competitive rental rates make this a compelling investment in a thriving commercial area within Harris County. The property's freeway frontage ensures high visibility and accessibility, making it an ideal location for businesses seeking maximum exposure.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Construction STEEL FRAME
Total area 36,308 SF
Lot 3.21 ac (139,976 SF)
APN 342030030161
UPID US82-3083753
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
  • Benny Juana’s Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$640k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$950k
Owner & transaction history
FESTIVAL PROPERTIES INC
FESTIVAL PROPERTIES INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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