5055 Griggs Rd 1,838 SF Retail Building Houston, TX 77021 $450,000 ($244.83/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corner Lot
- Pylon Signage
- Drive -thru available
EXECUTIVE SUMMARY
5055 Griggs Rd is a rare opportunity to own a prime commercial property in a high-demand location in Houston, Texas. Situated in a bustling area with excellent visibility and access to major transportation routes, this property is perfect for investors or business owners looking to make a lasting impact in one of Houston’s most strategic neighborhoods.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,838 SF
Building Class
C
Year Built/Renovated
1976/2021
Price
$450,000
Price Per SF
$244.83
Cap Rate
5.25%
NOI
$23,625
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.30 AC
Opportunity Zone
Yes
Zoning
None - n/a
Parking
15 Spaces (8.16 Spaces per 1,000 SF Leased)
Frontage
118’ on Griggs
AMENITIES
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Security System
- Tenant Controlled HVAC
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0680030000001 | Total Assessment | $398,556 (2023) |
| Land Assessment | $273,024 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $125,532 (2023) | Tax Year | 2024 |
