1214 Elgin StHouston, TX 77004

Property Details for 1214 Elgin St

Year built

1925

Construction

BRICK

Lot size

0.36 AC

Property size (Sq ft)

3,445 SF

Property type

Office buildings

APN

1380960010001

APU

1380960010001

Description

This exceptional 5,695 square foot Class A office building, located in the heart of Houston's Midtown at the southwest corner of Elgin and Caroline Streets, presents a unique investment opportunity. A major remodel in 2017 boasts top-of-the-line finishes throughout. The space includes large private offices, open bullpens, multiple conference rooms, well-appointed kitchens, and full bathrooms. A private courtyard adds to the appeal. The property features a current Certificate of Occupancy and is fully fenced, offering both security and privacy. Its prime location provides convenient access to the Central Business District (CBD), Highway 59, and Interstate 45. Furthermore, its walkability to numerous restaurants, beer gardens, and neighborhood parks enhances its desirability. The asking price is $2,499,000, translating to $438.81 per square foot. The lot size is 15,625 square feet. This property is ideally suited for a law firm, CPA firm, or medical practice. This is a rare opportunity to acquire a meticulously maintained, high-quality office building in a thriving Houston neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $705,542

  6.5%

  $651,269

  7%

  $604,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $509,203

  Geo Method

  $1,031,399

• Alternative Use

  Use

  Valuation

  Residential

  $807,574

  Hospitality

  $739,733

  Educational

  $615,449

  Medical

  $636,616

  Retail

  $957,366

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.74

Longitude

-95.3749

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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