811 Fm 1959 RdHouston, TX 77034

Property Details for 811 Fm 1959 Rd

Year built

1981

Construction

STEEL FRAME

Lot size

5.99 AC

Property size (Sq ft)

59,324 SF

Property type

Office buildings

APN

1176900010001

APU

1176900010001

Description

This attractive two-story, Class B office building, totaling 59,324 square feet, offers multiple tenancy options in a quiet, tree-lined setting. Built in 1982, the property boasts 200 parking spaces, a gated and secure parking lot, and a convenient loading dock for efficient bulk deliveries. The building features abundant natural light throughout. Currently, there are 20,000 square feet of vacant space available, with suites ranging from a minimum of 2,000 square feet to a maximum contiguous space of 13,000 square feet. Leasing opportunities begin September 2024. The property is ideally situated near the Gulf Freeway and Ellington Field, offering excellent accessibility. Below-market rental rates and attractive lease incentives are available. The 5.99-acre site provides ample space and a tranquil environment. This property presents a unique opportunity for businesses seeking efficient, well-located office space at competitive rates. Inquire for specific lease terms and pricing.

• CAP approach

  CAP return

  Valuation

  6%

  $12,149,654

  6.5%

  $11,215,065

  7%

  $10,413,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,768,638

  Geo Method

  $17,761,012

• Alternative Use

  Use

  Valuation

  Residential

  $13,906,681

  Hospitality

  $12,738,445

  Educational

  $10,598,236

  Medical

  $10,962,726

  Retail

  $16,486,145

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5912

Longitude

-95.1793

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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