3900 Essex LnHouston, TX 77027

Property Details for 3900 Essex Ln

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.30 AC

Property size (Sq ft)

459,030 SF

Property type

Office buildings

APN

836580000010

APU

836580000010

Description

3900 Essex Lane offers a prestigious executive office opportunity in Houston, Texas. This twelve-story building, constructed in 1982, boasts a total of 235,620 square feet of office space, situated on a 2.3-acre lot in the 77027 zip code. The property is currently multi-tenant, with 15 individual suites available, ranging from a minimum of 581 square feet to a maximum contiguous space of 17,918 square feet. A significant amount of space is currently vacant, totaling 59,824 square feet, presenting a unique opportunity for businesses seeking immediate occupancy. Ample parking is provided, with a ratio of 3.5 spaces per 1,000 square feet of office space. The building's location in Harris County offers convenient access to major transportation routes and amenities. This executive office building is ideal for companies seeking flexible space options, ranging from small executive suites to larger, contiguous areas. The property's size and layout provide a variety of configurations to suit diverse business needs. The substantial vacant space allows for immediate move-in and customization opportunities. Interested parties are encouraged to inquire about available suites and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $94,010,104

  6.5%

  $86,778,560

  7%

  $80,580,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $67,848,896

  Geo Method

  $137,428,992

• Alternative Use

  Use

  Valuation

  Residential

  $107,605,416

  Hospitality

  $98,565,984

  Educational

  $82,005,736

  Medical

  $84,826,040

  Retail

  $127,564,480

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7401

Longitude

-95.4423

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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