2602 Wheeler St, Houston, TX 77004 – Retail - Multiple Occupancy

RetailYear Built 1960Total Assessed Value $488,044County Harris

Property Details

The Retail property 2602 Wheeler St, Houston, TX 77004 is located in Harris County. The specific property type is Retail - Multiple Occupancy. The total assessed value of this property is $488,044.

The gross building area is 4,200 square feet and the land area is 11,550 square feet for this Retail - Multiple Occupancy built in 1960.

Legal description: Lts 1 & 2 Blk 22 Washington Terrace

$617,674

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 2602 Wheeler St, Houston, TX 77004, Retail

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Property Information

Property TypeRetail

Sub Property TypeRetail - Multiple Occupancy

Building Area4,200

Land Size11,550

Land Value$392,700

Improved Value$224,974

Total Assessed Value$488,044

Year Built1960

County NameHarris

Account Number0611580000001

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningNone

HeatingNone

Type ConstructionStone

No of Stories1

Exterior WallsOther

Sales History

10/26/2021

Arms-lengthNot Disclosed

Buyer

Ayra Sijil Llc

Seller

Franklin Duong Llc

Book Number

2021.636751

Recording Date

10/26/2021

Transaction Details

Ayra Sijil Llc acquired the property from Franklin Duong Llc through a Arms-length transaction on 10/26/2021 for .

9/9/2011

Arms-lengthNot Disclosed

Buyer

Franklin Duong Llc

Seller

Falls Sharon Kay

Book Number

2011.386732

Recording Date

9/9/2011

Transaction Details

Franklin Duong Llc acquired the property from Falls Sharon Kay through a Arms-length transaction on 9/9/2011 for .

10/24/2007

Arms-lengthNot Disclosed

Buyer

Weatherspoon Mae J

Seller

Book Number

20070671235

Recording Date

10/24/2007

Transaction Details

Weatherspoon Mae J acquired the property from through a Arms-length transaction on 10/24/2007 for .

Property constructed in 1960

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	$392,700	$233,602	$540,000	$626,302	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	-	11,550	4,200
2025	$392,700	$57,300	$450,000	$450,000	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	-	11,550	4,200
2024	$288,750	$117,954	$406,704	$406,704	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	-	11,550	4,200
2023	$288,750	$120,825	$409,575	$409,575	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200
2022	$288,750	$120,459	$409,209	$409,209	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200
2021	$288,750	$122,108	$410,858	$410,858	Franklin Duong Llc	12707 Jasmine Hollow...	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200
2020	$288,750	$116,224	$404,974	$404,974	Franklin Duong Llc	2602 Wheeler St	Lts 1 & 2 Blk 22 Was...	5916.04	-	11,550	4,200
2019	$288,750	$113,400	$402,150	$402,150	Franklin Duong Llc	2602 Wheeler St	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200
2018	$288,750	$76,062	$364,812	$364,812	Franklin Duong Llc	2602 Wheeler St	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200
2017	$196,350	$76,062	$272,412	$272,412	Franklin Duong Llc	2602 Wheeler St	Lts 1 & 2 Blk 22 Was...	5916.04	WASHINGTON TERRACE	11,550	4,200

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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 ↕
2602 Wheeler St, Houston, TX 77004	0611580000001	Retail	Retail - Multiple Occupancy	Franklin Duong Llc	Harris	-	-	-	-	1960	4,200	-
6913 Cullen Blvd, Houston, TX 77021	0581550000003	Retail	Retail - Multiple Occupancy	Wichita Llc	Harris	2.8	$ 1,363,250	2025-07-21	$ 284.01	1965	4,800	-
2401 Francis St, Houston, TX 77004	0191580060001	Retail	Retail - Multiple Occupancy	Silks By Cilla	Harris	0.6	$ 512,050	2025-03-19	$ 69.38	1950	7,380	-
7022 Scott St, Houston, TX 77021	0391880100014	Retail	Retail - Multiple Occupancy	Chau Kim,r & K Scott Llc	Harris	2.5	$ 246,050	2025-02-26	$ 29.72	1960	8,280	-
4223 Lyons Ave, Houston, TX 77020	0513590000017	Retail	Retail - Multiple Occupancy	Electrical Systems Management Llc	Harris	4.3	$ 170,000	2024-06-24	$ 66.77	1945	2,546	-
6500 Dixie Dr, Houston, TX 77087	0640650160001	Retail	Retail - Multiple Occupancy	Spartan Group Ltd Co	Harris	4.6	$ 1,057,350	2024-11-12	$ 139.13	1973	7,600	-
1401 Heights Blvd, Houston, TX 77008	0201520000011	Retail	Retail - Multiple Occupancy	Denhan Investments Llc	Harris	5.2	$ 731,500	2025-03-21	$ 152.11	1960	4,809	-
8611 Martin Luther King Jr Blvd, Houston, TX 77033	0470560000146	Retail	Retail - Multiple Occupancy	Reed Center Llc	Harris	5.1	$ 130,500	2025-04-18	$ 15.30	1965	8,530	-
8730 Autumn Ln, Houston, TX 77016	0660330010004	Retail	Retail - Multiple Occupancy	Stevens Joseph V	Harris	8.4	$ 330,000	2024-06-28	$ 95.82	1964	3,444	-
3400 S Shaver St, South Houston, TX 77587	0610870030270	Retail	Retail - Multiple Occupancy	Tenenbown Family Ltd Prtsp	Harris	10.8	$ 1,220,940	2025-10-31	$ 162.79	1969	7,500	-
2201 Red Bluff Rd, Pasadena, TX 77506	0805090000001	Retail	Retail - Multiple Occupancy	Rsj Red Bluff Inc	Harris	11.5	$ 423,937	2024-11-15	$ 139.04	1950	3,049	-

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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 ↕
—	2602 Wheeler St, Houston, TX 77004	—	-	11,550	1960	4,200	$ 488,044	$ 392,700	-
Velocity Commercial Cap Llc	3715 Canal St, Houston, TX 77003	08/14/2025	$ 250,000	8,084	1955	2,936	$ 597,946	$ 420,368
First Liberty Bank	2008 S Wayside Dr, Houston, TX 77023	07/29/2025	$ 2,050,000	113,256	2019	13,321	$ 3,083,519	$ 1,698,840	Wayside Project Ltd
Prosperity Bank	1002 N San Jacinto St, Houston, TX 77002	07/10/2025	$ 50,000	4,410	1916	2,860	$ 281,077	$ 110,250
Allegheny Casualty Company	1002 N San Jacinto St, Houston, TX 77002	06/23/2025	$ 188,000	4,410	1916	2,860	$ 281,077	$ 110,250
Briarbrook Funding Llc	4109 Mckinney St, Houston, TX 77023	06/02/2025	$ 1,145,000	10,000	1922	3,152	$ 308,611	$ 300,000	4109 Mckinney 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
Integrity Bank Ssb	91 S Lockwood Dr, Houston, TX 77011	04/23/2025	$ 2,875,000	6,860	1950	2,520	$ 432,000	$ 356,720	Sv Ig Amj7 Llc
Forest Financial Ltd	5914 Harrisburg Blvd, Houston, TX 77011	03/26/2025	$ 2,955,000	20,704	1950	7,000	$ 478,488	$ 175,984	Thundercats Holdings Offices L
Gulf Capital Bank	3330 Richmond Ave, Houston, TX 77098	03/07/2025	$ 600,000	5,353	1993	3,936	$ 890,102	$ 535,300	Dynasty Btc Llc
R & K Scott Llc	7022 Scott St, Houston, TX 77021	02/26/2025	$ 185,000	27,800	1960	8,280	$ 1,212,332	$ 834,000	Scott 5 Group Llc

Mean$ 1,095,335

Median$ 779,000.0

Loan Amount Range$ 50,000 - $ 3,310,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2602 WHEELER ST, HOUSTON, TX 77004-5349	IM FOOD MART TWO	8325167743	GROCERS-RETAIL

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License Details

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