~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY … · 2017. 11. 15. · - The Woodlands - Sugar...

~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



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




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




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


AV E R AG E H H I N C OM EO V E R $ 6 3 , 0 0 0


T O TA L EM P LOY E E SO V E R 1 3 0 , 0 0 0


AV E R AG E H OM E VA LU EO V E R $ 2 3 0 , 0 0 0


Sources: Infogroup, Inc & ESRI




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




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




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




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

Email

Email

Email

Email

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 [email protected] (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: [email protected]

~2.51 AC WITH FRONTAGE ON NORTH SAM HOUSTON PKWY … · 2017. 11. 15. · - The Woodlands - Sugar...

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