2414 University Blvd, Houston, TX 77005 – Neighborhood Shopping Center

RetailYear Built 1995Total Assessed Value $72,537,821County Harris

Property Details

The Retail property 2414 University Blvd, Houston, TX 77005 is located in Harris County. The specific property type is Neighborhood Shopping Center. The total assessed value of this property is $72,537,821.

The gross building area is 118,830 square feet and the land area is 264,801 square feet for this Neighborhood Shopping Center built in 1995.

Legal description: Res A Blk 1 Village Arcade R/P & Extn

$72,537,821

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 2414 University Blvd, Houston, TX 77005, Retail

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Property Information

Property TypeRetail

Sub Property TypeNeighborhood Shopping Center

Building Area118,830

Land Size264,801

Land Value$29,128,110

Improved Value$43,409,711

Total Assessed Value$72,537,821

Year Built1995

County NameHarris

Account Number1181420010001

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Type ConstructionBrick

No of Stories1

Garage TypeYes 630

Elevator

Exterior WallsRock, stone

Sales History

10/15/2020

Arms-lengthNot Disclosed

Buyer

University South Llc

Seller

Rice Re Holdings I

Book Number

2020.552147

Recording Date

10/15/2020

Transaction Details

University South Llc acquired the property from Rice Re Holdings I through a Arms-length transaction on 10/15/2020 for .

10/4/2018

ForeclosureNot Disclosed

Buyer

University South Llc

Seller

Rice Re Holdings I

Book Number

2018-455159

Recording Date

10/4/2018

Transaction Details

University South Llc acquired the property from Rice Re Holdings I through a Foreclosure transaction on 10/4/2018 for .

1/2/1995

OtherNot Disclosed

Buyer

Weingarten Realty Inc,

Seller

Book Number

Recording Date

1/2/1995

Transaction Details

Weingarten Realty Inc, acquired the property from through a Other transaction on 1/2/1995 for .

11/27/1991

In-houseNot Disclosed

Buyer

Malcolm Gillis

Seller

Village Venturers Inc

Book Number

Recording Date

11/27/1991

Transaction Details

Malcolm Gillis acquired the property from Village Venturers Inc through a In-house transaction on 11/27/1991 for .

Property constructed in 1995

YSale Price (USD) byXSales Year

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Mortgage History

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$29,128,110	$45,171,044	$74,299,154	$74,299,154	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	-	264,801	118,830
2025	$29,128,110	$43,409,711	$72,537,821	$72,537,821	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	-	264,801	118,830
2024	$29,128,110	$40,163,678	$69,291,788	$69,291,788	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	-	264,801	118,830
2023	$29,128,110	$30,537,637	$59,665,747	$59,665,747	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	264,801	119,096
2022	$20,848,800	$25,651,200	$46,500,000	$46,500,000	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	245,280	110,830
2021	$20,848,800	$32,984,700	$53,833,500	$53,833,500	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	245,280	110,830
2020	$20,848,800	$28,997,545	$53,833,500	$49,846,345	University Northeast...	6100 Main St	Res A Blk 1 Village ...	5905.04	-	245,280	110,830
2019	$20,848,800	$26,657,158	$47,505,958	$47,505,958	Village Real Propert...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	245,280	110,830
2018	$20,848,800	$17,915,826	$38,764,626	$38,764,626	Village Real Propert...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	245,280	110,830
2017	$20,848,800	$15,343,850	$36,192,650	$36,192,650	Village Real Propert...	6100 Main St	Res A Blk 1 Village ...	5905.04	VILLAGE ARCADE	245,280	110,830

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2414 University Blvd, Houston, TX 77005	1181420010001	Retail	Neighborhood Shopping Center	University Northeast Llc	Harris	-	-	-	-	1995	118,830	-
4425 W Fuqua St, Houston, TX 77045	0924400000020	Retail	Neighborhood Shopping Center	Jbl Ls Southgate Llc Et Al	Harris	7.4	$ 18,947,180	2025-12-01	$ 165.18	1970	114,705	-
9950 Fondren Rd, Houston, TX 77096	0410900000206	Retail	Neighborhood Shopping Center	Fondrenwood One Llc Et Al	Harris	6.4	$ 13,500,000	2025-08-27	$ 81.30	1977	166,058	-
14560 Beechnut St, Houston, TX 77083	1164960010001	Retail	Neighborhood Shopping Center	Saga Development Llc	Harris	13.8	$ 9,343,800	2025-01-29	$ 137.32	1985	68,042	-
11980 Westheimer Rd, Houston, TX 77077	1115350000001	Retail	Neighborhood Shopping Center	Kirkwood Market Place Station Llc	Harris	10.6	$ 19,551,000	2025-11-26	$ 241.89	1979	80,825	-
11814 Wilcrest Dr, Houston, TX 77031	1225270010001	Retail	Neighborhood Shopping Center	Whitestone Centers Llc	Harris	10.2	$ 18,154,500	2025-09-26	$ 187.24	1974	96,956	-
11045 E Fwy, Houston, TX 77029	0432110000063	Retail	Neighborhood Shopping Center	Jlcm Partners Lp	Harris	11.7	$ 23,940,000	2025-06-27	$ 120.36	1968	198,903	-
9402 Highway 6 S, Houston, TX 77083	R47102	Retail	Neighborhood Shopping Center	Providence Shopping Plaza Lp	Fort Bend	14.1	$ 14,297,500	2024-11-06	$ 156.58	1984	91,311	-
2303 Texas Pkwy, Missouri City, TX 77489	R53643	Retail	Neighborhood Shopping Center	Southbound Ventures Llc	Fort Bend	10.9	$ 6,118,000	2025-07-14	$ 84.60	1983	72,320	-
4539 E Sam Houston Pky S, Pasadena, TX 77505	1328440010001	Retail	Neighborhood Shopping Center	Crenshaw Retail Partners Llc	Harris	16.5	$ 11,791,780	2025-03-06	$ 316.67	2017	37,237	-
350 Promenade Way, Sugar Land, TX 77478	R414091	Retail	Neighborhood Shopping Center	Tct Reserve C Ltd	Fort Bend	15.8	$ 12,584,783	2024-12-19	$ 344.49	2018	36,532	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2414 University Blvd, Houston, TX 77005	—	-	264,801	1995	118,830	$ 72,537,821	$ 29,128,110	-
Golden Bank Na	10400 S Post Oak Rd, Houston, TX 77035	09/04/2025	$ 1,500,000	151,743	1995	37,525	$ 5,178,207	$ 1,517,430	Advance Meyerland Llc
American First National Bank	3607 S Main St, Stafford, TX 77477	09/03/2025	$ 850,000	80,181	2019	16,240	$ 3,163,931	$ 1,030,983	Stafford Developers Inc
Amplify Credit Union	11720 W Airport Blvd, Meadows Place, TX 77477	08/27/2025	$ 4,100,000	191,272	2007	33,248	$ 4,333,333	$ 1,395,783	Meadows Place Real Estate Llc
Independent Bank	6104 Scott St, Houston, TX 77021	08/14/2025	$ 8,705,294	402,216	1996	103,012	$ 15,299,059	$ 4,826,592	Ost Scott Ren Llc
Credit Union 1	9520 Homestead Rd, Houston, TX 77016	07/24/2025	$ 10,200,000	335,887	1970	70,058	$ 3,180,000	$ 1,713,024	Smsga Group Llc
Ultim8 Investments Llc	2601 Fulton St, Houston, TX 77009	07/08/2025	$ 497,630	84,419	2005	25,955	$ 3,960,000	$ 2,110,475
Standard Insurance Company	11045 E Fwy, Houston, TX 77029	06/27/2025	$ 18,000,000	765,275	1968	198,903	$ 11,991,593	$ 6,098,582	610 Retail Llc
2141 Fleet Management Llc	3901 E Pear St, Pearland, TX 77581	06/04/2025	$ 280,110	15,625	1978	4,000	$ 923,840	$ 111,720	3901 E Pear Partners Llc
American First National Bank	1520 College Ave, South Houston, TX 77587	05/21/2025	$ 536,200	176,130	1959	40,248	$ 4,770,000	$ 1,268,136	1504 Investments Llc
Southtrust Bank Na	2402 Rice Blvd, Houston, TX 77005	05/02/2025	$ 2,500,000	12,000	1946	7,600	$ 3,305,713	$ 1,320,000	Kensinger Properties Limited

Mean$ 3,665,742

Median$ 2,111,275.0

Loan Amount Range$ 150,000 - $ 18,000,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2414 UNIVERSITY BLVD STE 180, HOUSTON, TX 77005-3263	NADEAU	7139429310	FURNITURE-DEALERS-RETAIL
2414 UNIVERSITY BLVD, HOUSTON, TX 77005-3255	LILY RAIN JEWELRY	7135231902	JEWELRY STORES
2414 UNIVERSITY BLVD, HOUSTON, TX 77005-3255	BATH BODY WORKS	7135211393	COSMETICS & PERFUMES-RETAIL
2414 UNIVERSITY BLVD STE 210, HOUSTON, TX 77005-3256	BOMBAY BRASSERIE	7133552000	RESTAURANTS
2414 UNIVERSITY BLVD STE 220, HOUSTON, TX 77005-3262	CLIQUE SALON	7138078300	BEAUTY SALONS
2414 UNIVERSITY BLVD STE 210, HOUSTON, TX 77005-3256	BOMBAY BRASSERIE	7133552000	FOODS-CARRY OUT
2414 UNIVERSITY BLVD, HOUSTON, TX 77005-3255	WHITE HOUSE/BLACK MARKET	7135266380	CLOTHING-RETAIL
2414 UNIVERSITY BLVD STE 100, HOUSTON, TX 77005-3256	VICTORIA'S SECRET	7135261054	COSMETICS & PERFUMES-RETAIL
2414 UNIVERSITY BLVD STE 150, HOUSTON, TX 77005-3265	CHICO'S	7135266380	WOMEN'S APPAREL-RETAIL
2414 UNIVERSITY BLVD STE 210, HOUSTON, TX 77005-3256	BOMBAY BRASSERIE	7133552000	CATERERS

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Tenant Industry Distribution

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License Details

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