350 Crosstimbers StHouston, TX 77018

Property Details for 350 Crosstimbers St

Year built

2017

Construction

WOOD FRAME

Lot size

0.48 AC

Property size (Sq ft)

2,464 SF

Property type

Office buildings

APN

1362090010001

APU

1362090010001

Description

This exceptional commercial property located at 350 W Crosstimbers St, Houston, TX 77018, presents a compelling investment opportunity. The property encompasses a 12,000 square foot lot with an existing 3,950 square foot building slab, ready for immediate use. The land is priced at $40 per square foot, reflecting its prime location and development potential. The site boasts approximately 100 feet of frontage on Crosstimbers Street, a high-traffic thoroughfare with a reported 14,072 vehicles per day. This ensures excellent visibility and accessibility for any business. The property's strategic location offers convenient access to major transportation arteries, including Loop 610 and Interstate 45, enhancing its appeal to a wide range of potential tenants or users. Importantly, this property is situated outside the 100- and 500-year floodplains, mitigating risk and enhancing its long-term value. The existing slab provides a significant advantage, reducing initial development costs and accelerating the timeline for occupancy. This is a rare opportunity to acquire a well-positioned retail property in a rapidly developing area of Houston, Harris County. The asking price for this exceptional property is $480,000.

• CAP approach

  CAP return

  Valuation

  6%

  $504,631

  6.5%

  $465,814

  7%

  $432,541

• Comparable approach

  Method

  Valuation

  Relative Method

  $364,202

  Geo Method

  $737,697

• Alternative Use

  Use

  Valuation

  Residential

  $577,609

  Hospitality

  $529,086

  Educational

  $440,194

  Medical

  $455,333

  Retail

  $684,746

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8284

Longitude

-95.4037

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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