7227 Fannin StHouston, TX 77030

Property Details for 7227 Fannin St

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.71 AC

Property size (Sq ft)

17,688 SF

Property type

Office buildings

APN

1231180010001

APU

1231180010001

Description

This exceptional two-story office building, constructed in 1977, presents a unique investment opportunity in Houston's thriving Texas Medical Center. The property boasts a total of 25,805 square feet, divided into two suites, with 3,580 square feet currently vacant and ready for immediate occupancy. The building sits on a sizable 15,000 square foot lot, offering ample space and potential for future expansion or development. Its convenient location at 7227 Fannin Street provides excellent access to major thoroughfares, ensuring easy commutes for employees and clients. The strategic proximity to the Texas Medical Center makes this property particularly attractive to medical professionals and related businesses seeking a high-visibility location within a dense concentration of medical services. The building's traditional office design offers a versatile space adaptable to a variety of uses. This is a rare chance to acquire a well-situated property in a high-demand area, offering significant potential for return on investment. The property's address is 7227 Fannin St, Houston, TX 77030.

• CAP approach

  CAP return

  Valuation

  6%

  $4,105,540

  6.5%

  $3,789,730

  7%

  $3,519,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,614,450

  Geo Method

  $5,295,610

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,870,800

  Retail / Commercial

  $3,955,900

  Mixed-Use / Specialty

  $3,878,600

  Hospitality / Lodging

  $2,763,320

  Institutional / Educational

  $4,009,590

  Residential Income

  $4,691,220

  Multifamily

  $5,976,780

  Automotive / Energy

  $3,436,790

  Parking / Income-Based Land

  $1,248,440

  Restaurant / Food Service

  $1,882,400

  Healthcare / Senior Housing

  $4,042,240

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.698

Longitude

-95.4006

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].