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13302-13320 Westheimer Rd 109,405 SF 91% Leased Retail Building Houston, TX 77077 $26,856,609 ($245.48/SF) 7.50% Cap Rate
Investment Highlights
- SURROUNDING DEVELOPMENT CVS Pharmacy, The Learning Experience daycare center, and Allegiance Bank to the east
- A banking facility and retail center to the south,, anchored by a Sam’s Club, PetSmart, Dollar Tree, Michaels and Famous Footwear.
- A retail center and Parkway Flats (luxury apartment complex) to the west; a religious facility to the north
Executive Summary
Address
13302-13320 Westheimer Road, Houston, Texas 77077.
2530 Eldridge Parkway, the secondary physical address.
Frontage
±364 feet of frontage along Westheimer Road.
±1,007 feet of frontage along Eldridge Parkway.
Accessibility
Accessible from the Houston Central Business District
3.50 miles from I 10 (Katy Freeway)
1.11 miles from Beltway 8
3.80 miles from highway 6
Flood Zone
Outside the 500- and 100-year flood plains
13302-13320 Westheimer Road, Houston, Texas 77077.
2530 Eldridge Parkway, the secondary physical address.
Frontage
±364 feet of frontage along Westheimer Road.
±1,007 feet of frontage along Eldridge Parkway.
Accessibility
Accessible from the Houston Central Business District
3.50 miles from I 10 (Katy Freeway)
1.11 miles from Beltway 8
3.80 miles from highway 6
Flood Zone
Outside the 500- and 100-year flood plains
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
109,405 SF
Building Class
C
Year Built
1985
Price
$26,856,609
Price Per SF
$245.48
Cap Rate
7.50%
NOI
$2,014,246
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
9.74 AC
Zoning
Commercial - Commercial
Parking
480 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Fully built-out retail space.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 3,000-5,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 3,000-5,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 3,000-5,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Fully built-out retail space.
Nearby Major Retailers
Property Taxes
| Parcel Number | 1163170000001 | Improvements Assessment | $14,117,100 |
| Land Assessment | $142,455 | Total Assessment | $14,259,555 |
Property Taxes
Parcel Number
1163170000001
Land Assessment
$142,455
Improvements Assessment
$14,117,100
Total Assessment
$14,259,555
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13302-13320 Westheimer Rd
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