16902 El Camino RealHouston, TX 77058

Property Details for 16902 El Camino Real

Year built

1974

Construction

BRICK

Lot size

1.76 AC

Property size (Sq ft)

27,661 SF

Property type

Office buildings

APN

963030000009

APU

963030000009

Description

This exceptional four-story office building, situated on a 1.763-acre lot at 16902 El Camino Real in Houston, Texas, presents a compelling investment opportunity. Boasting 25,086 square feet of net rentable space, the property is ideally located in the heart of Clear Lake City, between NASA Johnson Space Center and Clear Lake Medical Center – two major area employers. This strategic positioning offers significant advantages, including the potential for owner-occupancy while leveraging existing tenants to offset operating expenses. The building features ample parking, prominent signage, and convenient access to major roadways such as the Gulf Freeway, Bay Area Boulevard, and NASA Parkway. Two full floors are currently available for occupancy, and the property benefits from long-tenured tenants. The asking price is $3,160,000. This property is zoned for executive and medical office use, making it a versatile and attractive investment in a high-demand area. The building's prime location and strong tenant base make it an excellent opportunity for both income generation and potential future appreciation. The address is 16902 El Camino Real, Houston, TX 77058.

• CAP approach

  CAP return

  Valuation

  6%

  $5,665,018

  6.5%

  $5,229,248

  7%

  $4,855,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,088,553

  Geo Method

  $8,281,427

• Alternative Use

  Use

  Valuation

  Residential

  $6,484,268

  Hospitality

  $5,939,554

  Educational

  $4,941,640

  Medical

  $5,111,590

  Retail

  $7,686,994

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5534

Longitude

-95.1198

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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