16850 Diana LnHouston, TX 77058

Property Details for 16850 Diana Ln

Year built

1983

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.43 AC

Property size (Sq ft)

17,248 SF

Property type

Office buildings

APN

985070000006

APU

985070000006

Description

This exceptional 17,250-square-foot creative office building in Houston, Texas, presents a compelling investment opportunity. Located at 16850 Diana Ln, 77058, this single-story, Class B building, constructed in 1983, sits on a 1.2-acre lot and boasts ample parking with 63 surface and 15 covered spaces (a 4.52:1,000 sq ft ratio). Currently 100% occupied by three tenants, the property offers a unique leaseback option. The seller is willing to lease back half of the building for a 10-year term (two consecutive 5-year terms), providing a built-in income stream for the new owner. This arrangement is ideal for securing financing through an SBA loan or maintaining existing tenants. The property is projected to yield a 9.5% capitalization rate at market rent, making it an attractive addition to any investment portfolio. There are no zoning restrictions. The asking price is $3,000,000. This is a gross lease.

• CAP approach

  CAP return

  Valuation

  6%

  $3,532,419

  6.5%

  $3,260,694

  7%

  $3,027,788

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,549,414

  Geo Method

  $5,163,878

• Alternative Use

  Use

  Valuation

  Residential

  $4,043,261

  Hospitality

  $3,703,606

  Educational

  $3,081,356

  Medical

  $3,187,329

  Retail

  $4,793,221

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5569

Longitude

-95.1162

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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