3801 Farnham StHouston, TX 77098

Property Details for 3801 Farnham St

Year built

1935

Construction

FRAME

Lot size

0.73 AC

Property size (Sq ft)

1,640 SF

Property type

Drive through restaurants

APN

441810000085

APU

441810000085

Description

This exceptional 6,116 square foot commercial property, located in the desirable Upper Kirby District, presents a unique investment opportunity. The single-story building, constructed in 1955, boasts a Class C rating and offers flexible space ideal for creative, medical, or executive offices. Currently, the entire 6,116 square feet is vacant and available for lease, divisible into spaces as small as 1,900 square feet. The building features a 12-foot ceiling height and a total of 58 parking spaces, providing ample convenience for tenants and clients. Its prominent corner location at 3801 Farnham St, with cross streets of Farnham & S Sandman, ensures high visibility and accessibility, enhanced by a pylon sign and four curb cuts leading to the parking lot. Additional street parking is also available. The 0.73-acre lot (31,800 square feet) offers a building floor area ratio (FAR) of 0.19. The property's Harris County APN is 0441810000085. The building's electrical service is 400a/440v 3p. Property taxes are $12.28 per square foot. This is a rare opportunity to acquire a well-located, versatile commercial property with significant potential in a high-traffic area. The zoning is currently unlisted. The building consists of three suites in total.

• CAP approach

  CAP return

  Valuation

  6%

  $493,736

  6.5%

  $455,756

  7%

  $423,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $610,866

  Geo Method

  $1,237,319

• Alternative Use

  Use

  Valuation

  Residential

  $384,447

  Hospitality

  $352,152

  Educational

  $292,986

  Medical

  $303,062

  Retail

  $455,756

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7323

Longitude

-95.4118

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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