500 Dallas StHouston, TX 77002

Property Details for 500 Dallas St

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.88 AC

Property size (Sq ft)

930,730 SF

Property type

Office buildings

APN

1035350000009

APU

1035350000009

Description

Allen Center, a renowned 3.2 million square foot Class A complex in Downtown Houston's west side, presents an exceptional retail opportunity. This iconic development offers multiple spaces ranging from 500 to 3,250 square feet, catering to diverse retail concepts. Located within walking distance of over 31 million square feet of office space, Allen Center enjoys unparalleled access to a substantial and affluent customer base. The property boasts both street-level and tunnel-level spaces, providing flexibility for various business needs. The building's prime location ensures high visibility and foot traffic, making it an ideal location for restaurants and other retail establishments. This 50,000 square foot retail component is situated in Harris County and is part of a larger mixed-use development, ensuring a vibrant and dynamic environment. The opportunity to establish a presence in this established and highly sought-after location is unparalleled. The available spaces provide a chance to capitalize on the significant density of office workers and residents in the immediate vicinity. This is a unique chance to secure a retail space within one of Houston's most prestigious and well-connected commercial complexes. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $190,615,056

  6.5%

  $175,952,352

  7%

  $163,384,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $137,570,544

  Geo Method

  $278,651,264

• Alternative Use

  Use

  Valuation

  Residential

  $218,180,912

  Hospitality

  $199,852,544

  Educational

  $166,274,976

  Medical

  $171,993,424

  Retail

  $258,649,952

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7575

Longitude

-95.3704

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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