This Neighborhood Shopping Ctr commercial property located at 16205 Westheimer Rd in Houston is a Strip Shopping Center property, in the 77082 zip code. This property boasts 27536 square feet and is in Good condition. According to CXRE’s research team: since its construction commenced in 2001 Festival Properties Inc created 24160 SF of improvements. CXRE further estimates Festival Properties Inc and the property’s previous owners, have realized approximately $2,448,900 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $225,600.

Property Information

  • Building #1
  • Building ClassC - Masonry Bearing
  • Building StyleNeighborhood Shopping Ctr
  • HCAD Property IDHarrisCAD1221580010002
  • Improved Type DescriptionStrip Shopping Center
  • Max Contiguous SF24,160
  • Min Contiguous SF27,536
  • OwnerFESTIVAL PROPERTIES INC
  • QualityGood
  • Rentable Building Area24000
  • Use Code DescriptionReal, Commercial
  • Year Built2001

Financial Details

  • Est. Accrued Depreciation$2,448,858
  • Est. Avg. Income225600
  • MS Replacement Cost$2,448,858
  • Value Per Sq Ft$0.00