617 Cole StWebster, TX 77598

Property Details for 617 Cole St

Year built

1972

Construction

BRICK

Lot size

0.20 AC

Property size (Sq ft)

2,286 SF

Property type

Medical offices

Property subtype

Medical centers

APN

943350000043

APU

943350000043

Description

This versatile 2,280 square foot commercial property in Webster, Texas, presents a unique investment opportunity. Located at 617 Cole Street, this building is zoned COMMERCIAL and offers a flexible layout suitable for a variety of uses, including daycare/nursery, pharmacy/drug store, or traditional office space. The property is being offered for sale with a leaseback option, providing potential for immediate income generation. The building boasts a nearly new roof and fresh paint, making it move-in ready. Its prime location offers convenient access to major transportation arteries, situated just five minutes from the Gulf Freeway (Highway 45) and Highway 3 (Old Galveston Road). The net rentable area is 2,280 square feet, providing ample space for a variety of business needs. This property is ideal for an investor seeking a strong return on investment in a thriving Texas community. The asking price is $560,000. Serious inquiries are encouraged. The property is located in Harris County, Texas, with a zip code of 77598.

• CAP approach

  CAP return

  Valuation

  6%

  $468,177

  6.5%

  $432,163

  7%

  $401,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $337,892

  Geo Method

  $684,406

• Alternative Use

  Use

  Valuation

  Residential

  $535,882

  Hospitality

  $490,865

  Educational

  $408,394

  Medical

  $422,439

  Retail

  $635,280

Location Insight

City

Webster

County

Harris

State

Texas

Latitude

29.5366

Longitude

-95.127

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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