This Neighborhood Shopping Ctr commercial property located at 2423 Rice Blvd in Houston is a Strip Shopping Center property, in the 77005 zip code. This property boasts 29089 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1950 Lamesa Prop Ltd created 13998 SF of improvements. CXRE further estimates Lamesa Prop Ltd and the property’s previous owners, have realized approximately $1,204,100 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $349,300.

Property Information

  • Building #1
  • Building ClassC - Masonry Bearing
  • Building StyleNeighborhood Shopping Ctr
  • HCAD Property IDHarrisCAD370220000005
  • Improved Type DescriptionStrip Shopping Center
  • Max Contiguous SF13,998
  • Min Contiguous SF29,089
  • OwnerLAMESA PROP LTD
  • QualityAverage
  • Rentable Building Area14554
  • Use Code DescriptionReal, Commercial
  • Year Built1950

Financial Details

  • Est. Accrued Depreciation$1,204,108
  • Est. Avg. Income349296
  • MS Replacement Cost$1,204,108
  • Value Per Sq Ft$0.00