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16216 FM 529 Rd

7,820 SF 100% Leased Retail Building Houston, TX 77095 £1,356,345 (£173/SF) 5.76% Net Initial Yield

Investment Highlights

  • Value add opportunity, Perfect for owner user
  • Frontage on FM 529
  • Just across the street from Walmart

Executive Summary

Buyer can redevelop car wash or continue leasing to current tenant

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Retail
Building Size
7,820 SF
Building Class
C
Year Built/Renovated
2002/2005
Price
£1,356,345
Price Per SF
£173
Net Initial Yield
5.76%
NOI
£78,125
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.13
Lot Size
1.39 AC
Zoning
None - Commercial
Parking
14 Spaces
Frontage
58 ft on FM 529

Nearby Major Retailers

Harold's Chicken Shack
Golden Corral Buffet & Grill
Chase Bank
Starbucks
Sprouts Farmers Market
Crunch Fitness
CAVA
Jason's Deli
24 Hour Fitness
Freddy's Frozen Custard & Steakburgers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1161760120041
Land Assessment
£551,882
Improvements Assessment
£684,220
Total Assessment
£1,236,103
  • Listing ID: 25426753

  • Date on Market: 08/04/2022

  • Last Updated:

  • Address: 16216 FM 529 Rd, Houston, TX 77095

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