Listings

CXRE Commercial Real Estate

Commercial Property

626 Freeport St, Houston

Houston, TX 77015

4,800 Sq Ft
4800 Acres
houston, retail

Location

This Neighborhood Shopping Ctr commercial property located at 626 Freeport St in Houston is a Strip Shopping Center property, in the 77015 zip code. This property boasts 5500 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1983 Houston Happy Land Inc created 4800 SF of improvements. CXRE further estimates Houston Happy Land Inc and the property’s previous owners, have realized approximately $412,900 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $52,800.

Property Information

Building #1
Building ClassC - Masonry Bearing
Building StyleNeighborhood Shopping Ctr
HCAD Property IDHarrisCAD650720400022
Improved Type DescriptionStrip Shopping Center
Max Contiguous SF4,800
Min Contiguous SF5,500
OwnerHOUSTON HAPPY LAND INC
QualityAverage
Rentable Building Area4800
Use Code DescriptionReal, Commercial
Year Built1983

Financial Details

Est. Accrued Depreciation$412,896
Est. Avg. Income52800

MS Replacement Cost$412,896
Value Per Sq Ft$0.00

The 77015 zip code contains the Cloverleaf and Greens Bayou neighborhoods, as well as the Greens Port industrial port running along Buffalo Bayou. The suburbs are fairly spacious, with a population density of 2,539 persons per square mile and an overall population of 53,621. The median household income is $44,167 and the median population age is 29 years old, with 84.2% of the population over 25 having earned a high school diploma or less. The majority of the housing was built in the 70’s and 80’s, with a median value of $92,200.

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