Listings

CXRE Commercial Real Estate

Commercial Property

7510 Cherry Park Dr, Houston

Houston, TX 77095

24,069 Sq Ft
43605 Acres
houston, retail

Location

This Neighborhood Shopping Ctr commercial property located at 7510 Cherry Park Dr in Houston is a Strip Shopping Center property, in the 77095 zip code. This property boasts 26130 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1985 Athens Investments Llc created 24069 SF of improvements. CXRE further estimates Athens Investments Llc and the property’s previous owners, have realized approximately $2,070,400 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $319,500.

Property Information

Building #1
Building ClassC - Masonry Bearing
Building StyleNeighborhood Shopping Ctr
HCAD Property IDHarrisCAD1153830010001
Improved Type DescriptionStrip Shopping Center
Max Contiguous SF24,069
Min Contiguous SF26,130
OwnerATHENS INVESTMENTS LLC
QualityAverage
Rentable Building Area43605
Use Code DescriptionReal, Commercial
Year Built1985

Financial Details

Est. Accrued Depreciation$2,070,415
Est. Avg. Income319502

MS Replacement Cost$2,070,415
Value Per Sq Ft$0.00

The 77095 zip code includes the Stonegate, Copperfield, and Hearthstone areas, with a population of 66,502. The area mostly comprises suburbs and small retail areas, but includes two larger industrial business parks. The Stonegate area is the most upscale suburb of the zip code area, with the Houston National Golf Club as its center. The median household income is $89,393 and the median home value is $167,000. The majority of homes were built in the 2000’s. The median population age is 34 years old, and 51% of the population over 25 have a collegiate level degree.

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