1255 Enclave PkwyHouston, TX 77077

Property Details for 1255 Enclave Pkwy

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

6.75 AC

Property size (Sq ft)

175,226 SF

Property type

Office buildings

APN

1226150010001

APU

1226150010001

Description

This exceptional investment opportunity presents a 171,091-square-foot, Class A office building located at 1255 Enclave Parkway in Houston's Energy Corridor. Built in 1999, this six-story building sits on a 6.75-acre lot and offers abundant parking (696 spaces per 1,000 sq ft). Currently 100% vacant, this property presents a unique value-add opportunity for a single-tenant user or repositioning. The Energy Corridor submarket is experiencing robust leasing activity, with over 3.7 million square feet of leases executed in the past year, making this a prime location for significant returns. The building's prime location within a master-planned business park ensures exceptional visibility and accessibility. This is a rare chance to acquire a substantial, vacant Class A office building in a high-demand area, ideal for an investor seeking to capitalize on the strong leasing market and create a significant return. The property's size and features make it suitable for a variety of uses, offering a unique opportunity for a substantial user or a value-add investor looking to capitalize on the current market conditions. The ample parking further enhances the property's appeal to potential tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $35,886,576

  6.5%

  $33,126,070

  7%

  $30,759,922

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,900,030

  Geo Method

  $52,460,912

• Alternative Use

  Use

  Valuation

  Residential

  $41,076,328

  Hospitality

  $37,625,696

  Educational

  $31,304,136

  Medical

  $32,380,734

  Retail

  $48,695,324

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7634

Longitude

-95.6205

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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