~2.51 ac with frontage on north sam houston pkwy … · 2017. 11. 15. · - the woodlands - sugar...
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~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
COMMERCIAL LAND | FOR SALE, LEASE & BUILD TO SUIT
North Sam Houston Parkway West: ~145,382 VPD
TC Jester Blvd
Ella Blvd
Veteran’s Mem
orial Drive
Greens Bayou
Plummer Middle School
Davis High
School
Houston National
Cemetery
Subject Property
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
OFFERING SUMMARY
Sales Price $655,000
Price/SF $6.00/SF
Property Highlights• UniquelylocatedwithinacountypocketoftheNorthHoustonDistrict
• GreatlocationwithinminutesofInterstate45,HardyTollway,GeorgeBushIntercontinentalAirport&U.S.59
• Visiblefrombotheast&westboundNorthSamHoustonParkway
• 3bedroom,2bathroomhomeontheproperty–2854SF,builtin1958,surroundedbymatureoaktrees
• Possibleuseasofficelocation,assistedlivingfacility,RVpark,etc.
• DID NOT FLOOD DURING HURRICANE HARVEY
North Sam Houston Parkway West: ~145,382 VPD
Aldine Western Road
Greens Bayou
Subject Property
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
PROPERTY INFORMATION
Size ~2.51AC
Legal Description TR3HABST1500WCRRCOSEC16BLK4
ID Number 0480390000019
Access AccessviacurbcutonwestboundNorthSamHoustonParkwayfeederroad
Frontage FrontageonNorthSamHoustonParkwayWest
Zoning Unrestricted
Utilities Utilitiesinarea
Flood Plain 500year/100yearatGreensBayou
TrafficCounts NSamHoustonParkway:~145,382VPD
Subject Property
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
1 Mile 3 Mile 5 Mile
2017 Total Population 9,909 128,501 326,289
2022 Total Population 10,394 138,346 353,804
2017-2022 Annual Growth Rate 1.80% 2.39% 2.40%
2017 Households 3,069 38,023 98,109
2022 Households 3,197 40,692 105,594
2017 Average Home Value $107,419 $107,219 $112,935
2022 Average Home Value $112,016 $116,522 $122,520
2017 Average HH Income $48,412 $52,482 $56,972
2022 Average HH Income $53,463 $59,005 $64,067
N S AM H O U S TON PA R KWAYO V E R 1 4 5 , 0 0 0 V E H I C L E S P E R D AY
(TxDOTAADT2015)
T O TA L P O P U L AT I O N O FO V E R 1 4 0 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
T O TA L H O U S E H O L D SO V E R 5 4 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
AV E R AG E H H I N C OM EO V E R $ 6 3 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
T O TA L EM P LOY E E SO V E R 1 3 0 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
AV E R AG E H OM E VA LU EO V E R $ 2 3 0 , 0 0 0
W I T H I N F I V E M I L E R A D I U S(ESRI2017)
Sources: Infogroup, Inc & ESRI
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
Sources: Greater Houston Partnership Website (www.houston.org/business/regionalProfile) / Business Regional ProfileGreater Houston Partnership Website / Economy / Most Current Talking Points
HoustonservesasthecountyseatofHarrisCounty.AsoneofthemainhubswithintheTexasTriangle,thatisDallas-FortWorth,Houston,andSanAntonio.TheHoustonareaisoneofthefastestgrowingjobmarketsandeconomiesintheUnitedStates.Itisalsothenation’sfourthlargestcitywithapopulationofabout2.3million,whiletheHouston-TheWoodlands-SugarLandMetropolitanStatisticalArea(HoustonMSA)ranksfifthamongU.S.metropolitanstatisticalareas(MSA)withapopulationof6.6million.
Houstonisservedbyadensenetworkofhighwaysandaninterstatesystem,includingInterstateHighways10&45,Interstate610,andalsoservedbyU.S.59,U.S.90,U.S.290,andTexas99.The region ishome toanumberofports including theportsofHouston,Galveston,Freeport,andTexasCity.Theareaislocated163milesfromAustin,197milesfromSanAntonio,and239milesfromDallas.
DALLAS / FORT WORTH
BRYAN / COLLEGE STATION
H O U S T O N , T E X A SNATIONAL RANKING AND RECOGNITIONS
#1 MOST CHARITABLE PL ACES
IN THEU.S .(CharityNavigator2016)
# 4 L A R G E S T M E T R O E C O N O M Y I N T H E U . S .
(GreaterHoustonPartnershipWebsite)
#1 CIT Y FOR BUILDING WEALTH
IN THEU.S .(U.S . News& Wor ld Repor t 2015)
#7 BEST PERFORMING CIT Y
IN THEU.S . (MilkenInstitute2015)
#1 BEST CIT Y FORMANUFACTURING
(Forbes2014)
# 1 0 F A S T E S T G R O W I N G E C O N O M YAROUNDTHEU.S .
(WalletHub2015)
# 5 M O S T S U S TA I N A B L E C I T I E S
I N THE U .S . (ARCADISSustainableCitiesIndex2015)
# 2 B E S T P L A C E T O S TA R T A B U S I N E S S
IN TEXAS(NerdWallet2015)
# 2 B E S T E N E R G Y & R E S O U R C E P O L I C YTH I N K TANK I N T H E WOR LD
(HoustonBusinessjournal2016)
# 1 U . S . M E T R O F O R E X P O R T SI N T H E U . S .(DepartmentofCommerce2016)
# 5 M O S T P O P U L O U S M E T R O A R E AINTHEU.S.
(GreaterHoustonPartnershipWebsite)
HOUSTONAUSTIN
SAN ANTONIO
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
RICEUNIVERSITYEstablishedin1912,RiceUniversityoffersmorethan50undergraduatemajorsacross6differentdivisionsofstudy.Ricecombinestheadvantagesof a liberal arts college with the resources and facilities of a premierresearchuniversity.Ithasatotalundergraduateenrollmentof3,910anditscampusisurban,setinHouston’sMuseumDistrict.RiceUniversity’srankinginthe2017editionofBestCollegesandNationalUniversitiesis#15.Thereare11residentialcollegesthatprovidehousing,dining,andsocial events.TheRiceOwlsboast14varsityNCAADivision Iathleticteams.
UNIVERSITYOFHOUSTONUniversity ofHoustonopened its doors in 1927. Today, it stands as apremierTierOnecampuswithover43,500studentsaccompaniedby110undergraduatemajors andminors, 120master’s degree programs, 47doctoraldegreeprograms,and25differentresearchcenters.
The University of Houston has also gained national recognition forit’s educational programs. It has the #1 Subsea EngineeringMaster’sPrograminthenation,the#2BestOnlineGraduateEducationProgram,the#6TopUndergraduateSchoolforEntrepreneurshipStudies,andtheUofHLawSchoolisrankedintheTop50Graduateschools.
Theschoolhasaproudheritageofacademicexcellenceandcontinuesto develop strong traditions based on its rich history in Houston. UHprides itself on student success and regularly engages students withthecommunitythroughprojects,internships,industrypartnerships,andalumnileadership.
PhotoSource:RiceUniversity-HoustonBusinessJournal(http://www.bizjournals.com/houston/morning_call/2014/11/
rice-university-adds-new-engineering-program.html)
PhotoSource:UniversityofHouston(http://www.uh.edu/news-events/stories/2016/
August/0901HEEDAward.php)
Sources:www.uh.edu,www.usnews.com/best-colleges/rice-3604
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
THEHOUSTONAIRPORTSYSTEM(HAS)TheHoustonAirportSystem(HAS)servedmorethan50milliontravelers(2013),andranksastheeighthbusiestinternationalpassengergatewayintheU.S.TheHASserves190destinations—includingnonstopservicetoapproximately121domesticdestinationsand69directandnonstopforeigndestinationsfromGeorgeBushIntercontinentalAirport.WilliamP.HobbyAirportservesmorethan40domesticdestinationsand9internationaldestinations.EllingtonInternationalAirportservicestheU.S.ArmedForces,NASAandavarietyofgeneralaviationtenants.Otherairportsintheregioninclude:ScholesatGalvestonGLSAirport,SoutheastTexasRegionalBPTAirportinBeaumontandSugarLandRegionalAirport.
PORTOFHOUSTONTheregionishometoanumberofportsincludingtheportsofHouston,Galveston,FreeportandTexasCity.ThePortofHoustonisrankedfirstintheU.S.inforeigntonnageandisthelargestcontainerportintheGulfCoast,handling66percentofGulfcoastcontainer traffic in2013.Asoneof theworld’sbusiestseaportareas,thistradehubissetforaboomingfuture.Houston’sconcentrationofoceancarriers,heavyhaulers,projectforwarders,EPCandoilandrefiningcompaniesarewellpositionedtoaccommodatefuturegrowth.
NASAJOHNSONSPACECENTERThe Johnson Space Center was established in 1961 as theManned Spaceflight Center, the home andMissionControlCenterfortheU.S.humanspaceflightprogram.In1973,itwasrenamedinhonorofthelatePresident,andTexasnative,LyndonB.Johnson.Formorethan50years,NASA’sLyndonB.JohnsonSpaceCenter(JSC)inHoustonhasledournationandtheworldonacontinuingadventureofhumanexploration,discoveryandachievement.Thecenterhasplayedavitalroleinpoweringourcountryintothe21stcenturythrough technological innovationsandscientificdiscoveries.TheJohnsonCenter’s$1.5billioncomplexoccupies1,620acressoutheastofdowntownHouston,intheClearLakearea.AsthecenterhasevolvedintooneofNASA’slargestresearchanddevelopmentfacilities,thegreaterHoustonareahasdevelopedintoanaerospacehubwithanidentityofamazingachievements,hardwork,andinnovation.
HEALTHCAREMemorialHermannHealthSystem:MemorialHermannHealthSystemhascreatedHouston’slargest,full-service,integratedhealthsystemwith16areahospitalsandnumerousspecialtyinstitutes,programs,andservices.MemorialHermann-TexasMedicalCenterisoneofthenation’sbusiestLevelItraumacentersandtheprimaryteachinghospital forMcGovernMedicalSchoolatUTHealth.MHMD,theMemorialHermannPhysician Network, comprises more than 2,000 clinically integrated physicians and offers the largestnetworkmedicalhomeintheregion.
MDAndersonCancerCenter:MDAndersonisagloballeaderincancercare,cancerresearchandthefighttoendcancer.MDAndersonhasbeenrankedtheNo.1hospitalforcancercareinthenationbyU.S.News&WorldReport’s“BestHospitals”survey.
Sources:GreaterHoustonPartnership/Infrastructure(http://www.houston.org/business/infrastructure.html),NASAJohnsonSpaceCenter(https://www.nasa.gov/centers/johnson/about/index.html)MemorialHermannHealthSystem(https://www.facebook.com/pg/MemorialHermann/about/?ref=page_internal),MDAndersonCancerCenter(https://www.mdanderson.org/patients-family/becoming-our-patient/why-md-anderson.html)Photo Source: https://www.nasa.gov/centers/johnson/gallery/index.html
PhotoSource:http://porthouston.com/portweb/news-media-2/photos-videos/
PhotoSource:https://www.fly2houston.com/hou/pick-up/
NASAJohnsonSpaceCenter
PortofHouston
WilliamP.HobbyAirport(HOU)
REGIONALTRAFFICGENERATORS
SUMMARY • PROPERTY DESCRIPTION • MARKET OVERVIEW • DISCLAIMER
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750 North Sam Houston Parkway West
Houston, Texas 77038
Disclaimer
ThisOfferingMemorandumwaspreparedbyOldhamGoodwinGroup,LLC(Broker)solelyfortheuseofprospectivepurchasersof1750NorthSamHoustonParkwayWest,Houston,Texas77038(Property).NeithertheBrokernortheowneroftheproperty(Owner)makesanyrepresentationsorwarranty,expressedorimplied,astothecompletenessortheaccuracyofthematerialcontainedintheOfferingMemorandum.
TheOfferingMemorandumissolelyasolicitationof interest-notanoffertosell theProperty.TheOwnerandBrokerexpresslyreservetherighttorejectanyorallexpressionsof interestorofferstopurchasethePropertyandexpresslyreservetherighttoterminatediscussionswithanyentityatanytimewithorwithoutnotice.TheOwnershallhavenolegalcommitmentorobligationstoanyentitythatisreviewingtheOfferingMemorandumormakinganoffertopurchasethePropertyunlessanduntilsuchanofferforthePropertyisapprovedbytheOwnerandthesignatureoftheOwnerisaffixedtoaRealEstatePurchaseAgreementpreparedbytheOwner.
This OfferingMemorandum is confidential. By accepting the OfferingMemorandum, you agree that youwill hold the OfferingMemorandumanditscontentsinthestrictestconfidence,thatyouwillnotcopyorduplicateanypartoftheOfferingMemorandum,thatyouwillnotdisclosetheOfferingMemorandumoranyofitscontentstoanyotherentitywithoutthepriorwrittenauthorizationoftheOwner,andthatyouwillnotusetheOfferingMemoranduminanywaydetrimentaltotheOwnerorBroker.
Theinformationabovehasbeenobtainedfromsourcesbelievedreliable.Whilewedonotdoubtitsaccuracy,wehavenotverifieditandmakenoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedareforexampleonlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiontoyoudependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,financialandlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationofthepropertytodeterminetoyoursatisfactionthesuitabilityofthepropertyforyourneeds.Thisinvestmentinvolvesvariousrisksanduncertainties.
Youshouldpurchaseinterestonlyifyoucanaffordacompletelossofyourinvestmentyoushouldcarefullyconsidertheriskfactorsinvolved inthis investment.Youmaynotreceiveany incomefromthis investmentnoracompletereturnofallyour investment.Historicalorcurrentrealestateperformanceisnoguaranteeoffuturerealestateinvestmentproductresults.
INFORMATION ABOUT BROKERAGE SERVICES
Texas law requires all real estate license holders to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.
LicensedBroker/BrokerFirmNameorPrimaryAssumedBusinessName
DesignatedBrokerofFirm
LicensedSupervisorofSalesAgent/Associate
SalesAgent/Associate’sName
Regulated by the Texas Real Estate CommissionTAR2501
Information available at www.trec.texas.govIABS1-0
LicensedNo.
LicensedNo.
LicensedNo.
LicensedNo.
Buyer/Tenant/Seller/LandlordInitials
Phone
Phone
Phone
Phone
Date
TYPES OF REAL ESTATE LICENSE HOLDERS:• A BROKERisresponsibleforallbrokerageactivities,includingactsperformedbysales
agentssponsoredbythebroker.
• A SALES AGENTmustbesponsoredbyabrokerandworkswithclientsonbehalfofthebroker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents):• Puttheinterestsoftheclientaboveallothers,includingthebroker’sowninterests,• Informtheclientofanymaterialinformationaboutthepropertyortransactionreceived
bythebroker,• Answertheclient’squestionsandpresentanyoffertoorcounter-offerfromtheclient,
and• Treatallpartiestoarealestatetransactionhonestlyandfairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD):Thebrokerbecomesthepropertyowner’sagentthroughanagreementwiththeowner,usuallyinawrittenlistingtosellorpropertymanagementagreement.Anowner’sagentmustperformthebroker’sminimumdutiesaboveandmustinformtheownerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentorsubagentbythebuyerorbuyer’sagent.
AS AGENT FOR BUYER/TENANT: Thebrokerbecomesthebuyer/tenant’sagentbyagreeingtorepresentthebuyer,usuallythroughawrittenrepresentationagreement.Abuyer’sagentmustperformthebroker’sminimumdutiesaboveandmustinformthebuyerofanymaterialinformationaboutthepropertyortransactionknownbytheagent,includinginformationdisclosedtotheagentbythesellerorseller’sagent.
AS AGENT FOR BOTH - INTERMEDIARY:Toactasanintermediarybetweenthepartiesthebrokermustfirstobtainthewrittenagreementofeachpartytothetransaction.Thewrittenagreementmuststatewhowillpaythebrokerand,inconspicuousboldorunderlinedprint,setforththebroker’sobligationsasanintermediary.Abrokerwhoactsasanintermediary:• Musttreatallpartiestothetransactionimpartiallyandfairly,• May,withtheparties’writtenconsent,appointadifferentlicenseholderassociatedwith
thebrokertoeachparty(ownerandbuyer)tocommunicatewith,provideopinionsandadviceto,andcarryouttheinstructionsofeachpartytothetransaction.
• Mustnot,unlessspecificallyauthorizedinwritingtodosobytheparty,disclose:» thattheownerwillacceptapricelessthanthewrittenaskingprice,» thatthebuyer/tenantwillpayapricegreaterthanthepricesubmittedinawrittenoffer,and
» anyconfidentialinformationoranyotherinformationthatapartyspecificallyinstructsthebrokerinwritingnottodisclose,unlessrequiredtodosobylaw.
AS SUBAGENT:Alicenseholderactsasasubagentwhenaidingabuyerinatransactionwithoutanagreementtorepresentthebuyer.Asubagentcanassistthebuyerbutdoesnotrepresentthebuyerandmustplacetheinterestsoftheownerfirst.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH:• Thebroker’sdutiesandresponsibilitiestoyou,andyourobligationsunderthe
representationagreement.• Whowillpaythebrokerforservicesprovidedtoyou,whenpaymentwillbemadeand
howthepaymentwillbecalculated.
LICENSE HOLDER CONTACT INFORMATION:Thisnoticeisbeingprovidedforinformationpurposes.Itdoesnotcreateanobligationforyoutousethebroker’sservices.Pleaseacknowledgereceiptofthisnoticebelowandretainacopyforyourrecords.
OldhamGoodwinGroup,LLC 532457 casey.oldham@oldhamgoodwin.com (979)268-2000
Bryan / College Station2800 South Texas Avenue, Suite 401
Bryan, Texas 77802O: 979.268.2000
Houston7102 West Sam Houston Parkway N, Suite 230
Houston, Texas 77040O: 281.256.2300
San Antonio / South Texas200 East Grayson Street, Suite 102
San Antonio, Texas 78215O: 210.404.4600
www.OldhamGoodwin.com
©OldhamGoodwinGroup,LLC.Theinformationhereinhasbeenobtainedfromsourcesdeemedreliable.Althoughwebelieveittobeaccurate,wehavenotverifieditandmakenoguarantee,warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,assumptions,orestimatesusedareforexampleonlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiondependsontaxandotherfactors,whichshouldbeevaluatedbyyourtax,financial,andlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationofthepropertytodeterminetoyoursatisfactionthesuitabilityofthepropertyforyourneeds.
~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY WEST1750NorthSamHoustonParkwayWest
Houston,Texas77038
OLDHAM GOODWIN GROUP
For More Information About This Property, Please Contact
Steve MattoxVice President | Land Services
O: 281.256.2300 | P: 281.639.8316E: Steve.Mattox@OldhamGoodwin.com
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