5815-5865 W Gulf Bank Rd | Houston, TX 77088
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- LoopNet Team
5815-5865 W Gulf Bank Rd
Houston, TX 77088
West Gulf Bank Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Priced Below Replacement Cost: $106 Per Square Foot
- Multiple Avenues to Increase Value to Achieve Pro Forma Cap Rates of 8.30 Percent - 10.4 Percent or Higher
- Property is Surrounded by Dense Residential Neighborhoods: 123,000 Population Within Three Miles
- 7.44 Percent Cap Rate Day One
- Four Curb Cuts Across Antoine Drive and West Gulf Bank Road | Units Are In-Line with West Gulf Bank Road: Excellent Visibility and Ease of Le
- Property is Located at One of Inwood Submarket’s Premier Lighted Intersections
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
28,990 SF
Building Class
C
Year Built
1978
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
2.10 AC
Frontage
1,624’ on W Gulf Bank
AMENITIES
- Bus Line
- Corner Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 0432390000013 | Improvements Assessment | $849,421 |
| Land Assessment | $411,642 | Total Assessment | $1,261,063 |
PROPERTY TAXES
Parcel Number
0432390000013
Land Assessment
$411,642
Improvements Assessment
$849,421
Total Assessment
$1,261,063
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