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1725 Northpark Dr 6,200 sq ft Retail Property Kingwood, TX 77339 £888,420 (£143.29/sq ft) 4% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy drive-by traffic!
- Leased until 5/31/2026 for $5,000/month
- 6200 sqft building on .66 acres
EXECUTIVE SUMMARY
This is a great opportunity to invest or occupy when the current lease expires in May 2026. The property was fully renovated in June 2021. It is in an amazing location on Nortpark, just a block from Loop 494 and two blocks from Hwy 59. It is currently being used as a dance studio and has 5000 sqft on the first floor and 1200 sqft upstairs.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
6,200 sq ft
Costar Property Class
B
Year Built
1993
Price
£888,420
Price per sq ft
£143.29
Yield
4%
NOI
£35,537
Tenancy
Single
Number of Floors
2
Plot ratio
0.22
Total Plot Size
0.66 ac
Use Class
5
Frontage
100 ft on Northpark
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Dance Revolution
- Arts, Entertainment, and Recreation
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Dance Revolution | Arts, Entertainment, and Recreation | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0405-02-00531 | Total Assessment | £345,402 (2025) |
| Land Assessment | £103,248 (2025) | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £242,154 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0405-02-00531
Land Assessment
£103,248 (2025)
Improvements Assessment
£242,154 (2025)
Total Assessment
£345,402 (2025)
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2024
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1725 Northpark Dr
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