This Neighborhood Shopping Ctr commercial property located at 9232 Richmond Ave in Houston is a Strip Shopping Center property, in the 77063 zip code. This property boasts 23251 square feet and is in Average condition. According to CXRE’s research team: since its construction commenced in 1978 Makarem Gasan Et Al created 20451 SF of improvements. CXRE further estimates Makarem Gasan Et Al and the property’s previous owners, have realized approximately $1,759,200 of depreciation on this commercial property. The estimated rental income from this property over the last year was projected to be $247,000.

Property Information

  • Building #1
  • Building ClassC - Masonry Bearing
  • Building StyleNeighborhood Shopping Ctr
  • HCAD Property IDHarrisCAD420690000018
  • Improved Type DescriptionStrip Shopping Center
  • Max Contiguous SF20,451
  • Min Contiguous SF23,251
  • OwnerMAKAREM GASAN ET AL
  • QualityAverage
  • Rentable Building Area20584
  • Use Code DescriptionReal, Commercial
  • Year Built1978

Financial Details

  • Est. Accrued Depreciation$1,759,195
  • Est. Avg. Income247008
  • MS Replacement Cost$1,759,195
  • Value Per Sq Ft$0.00