Listings

CXRE Commercial Real Estate

Commercial Property

3249 Southwest Fwy, Houston

Houston, TX 77027

33,834 Sq Ft
58043 Acres
houston, retail

Location

This Neighborhood Shopping Ctr commercial property located at 3249 Southwest Fwy in Houston is a Strip Shopping Center property, in the 77027 zip code. This property boasts 33834 square feet and is in Good condition. According to CXRE’s research team: since its construction commenced in 1997 Summit Center Ltd created 33834 SF of improvements. CXRE further estimates Summit Center Ltd and the property’s previous owners, have realized approximately $3,429,400 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $1,808,000.

Property Information

Building #1
Building ClassC - Masonry Bearing
Building StyleNeighborhood Shopping Ctr
HCAD Property IDHarrisCAD410170050044
Improved Type DescriptionStrip Shopping Center
Max Contiguous SF33,834
Min Contiguous SF33,834
OwnerSUMMIT CENTER LTD
QualityGood
Rentable Building Area58043
Use Code DescriptionReal, Commercial
Year Built1997

Financial Details

Est. Accrued Depreciation$3,429,414
Est. Avg. Income1808039

MS Replacement Cost$3,429,414
Value Per Sq Ft$0.00

The 77027 zip code includes the Afton Oaks neighborhood as well as some of the River Oaks neighborhood, with a population of 14,331. The zip code also includes an industrial area along Interstate 69. The median home value in this zip code is $475,900, with the majority of homes having been built in the 1960’s and 1970’s. The area is mostly suburban, with a population density of 5,007 people per square mile. The median household income is rated at $81,661 and the median population age is 37. 78% of the population over 25 has received a college degree.

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