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Gulf Bank Center 9007 North Fwy 10,000 SF 100% Leased Retail Building Houston, TX 77037 $2,700,000 ($270/SF) 5.96% Cap Rate
Investment Highlights
- Strong & stable investment with four established tenants
- Approx. 6% cap rate offering consistent cash flow
- Prime location near major freeway, providing excellent visibility and accessibility
Executive Summary
This well-maintained commercial building almost new exterior paint offers a strong and stable investment opportunity with four established tenants, providing diversified and reliable income. The property demonstrates consistent performance with a cap rate of approximately 6%, making it an attractive asset for investors seeking steady cash flow and long-term stability. With multiple income streams and solid tenancy in place, this asset is positioned as a secure, low-risk addition to any investment portfolio.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
1978
Price
$2,700,000
Price Per SF
$270
Cap Rate
5.96%
NOI
$160,920
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.93 AC
Zoning
N/A - N/A
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 0481820000003 | Improvements Assessment | $690,125 |
| Land Assessment | $325,512 | Total Assessment | $1,015,637 |
Property Taxes
Parcel Number
0481820000003
Land Assessment
$325,512
Improvements Assessment
$690,125
Total Assessment
$1,015,637
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Presented by
Precious Pro Realty
Gulf Bank Center | 9007 North Fwy
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