7545 Cherry Park DrHouston, TX 77095

Property Details for 7545 Cherry Park Dr

Year built

2005

Construction

BRICK

Lot size

0.64 AC

Property size (Sq ft)

4,900 SF

Property type

Office buildings

APN

1175260000002

APU

1175260000002

Description

This exceptional single-tenant office building, situated on a 0.6-acre lot in Northwest Houston, presents a compelling investment opportunity. Built in 2004, the property boasts 4,792 square feet of usable space, currently vacant and ready for immediate occupancy. The building is classified as Class B and features a single story design. The property includes a small clean room or lab space, ideal for a variety of businesses. Convenience is key with its location less than a mile from Highway 6, providing easy access to major transportation routes. Ample parking is available with 35 shared spaces for employees and clients. The property's size and features make it suitable for a range of uses, from traditional office space to specialized operations requiring a clean room environment. The asking price of $1,150,000 represents a strong value in the current market. This is a rare opportunity to acquire a well-maintained, conveniently located office building in a thriving Houston submarket. The property is located at 7545 Cherry Park Dr, Houston, TX 77095, within Harris County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,528

  6.5%

  $926,334

  7%

  $860,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $724,266

  Geo Method

  $1,467,011

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,654

  Hospitality

  $1,052,161

  Educational

  $875,385

  Medical

  $905,491

  Retail

  $1,361,710

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8889

Longitude

-95.641

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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