Listings

CXRE Commercial Real Estate

Commercial Property

2635 Gessner Dr, Houston

Houston, TX 77080

12,325 Sq Ft
12235 Acres
houston, retail

Location

This Neighborhood Shopping Ctr commercial property located at 2635 Gessner Dr in Houston is a Strip Shopping Center property, in the 77080 zip code. This property boasts 13525 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1967 One Gessner Place Llc created 12325 SF of improvements. CXRE further estimates One Gessner Place Llc and the property’s previous owners, have realized approximately $1,060,200 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $159,100.

Property Information

Building #1
Building ClassC - Masonry Bearing
Building StyleNeighborhood Shopping Ctr
HCAD Property IDHarrisCAD951220000042
Improved Type DescriptionStrip Shopping Center
Max Contiguous SF12,325
Min Contiguous SF13,525
OwnerONE GESSNER PLACE LLC
QualityAverage
Rentable Building Area12235
Use Code DescriptionReal, Commercial
Year Built1967

Financial Details

Est. Accrued Depreciation$1,060,197
Est. Avg. Income159055

MS Replacement Cost$1,060,197
Value Per Sq Ft$0.00

The 77080 zip code has a population of 45,275 and is located east of Addicks Reservoir, encompassing a portion of the spring branch area. While largely suburban, there are a fair number of apartment complexes, resulting in a population density of just over 7,000 persons per square mile. The majority of homes were built in the 1960’s and 1970’s, with a median value of $130,600. 53% of the available housing is rented. The median population age is 30, and 80.7% of the population over 25 years of age has attained a high school diploma or less. The median household income is $38,159.

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