13103 Fm 1960 RdHouston, TX 77065

Property Details for 13103 Fm 1960 Rd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.83 AC

Property size (Sq ft)

32,137 SF

Property type

Banks

APN

1182390010001

APU

1182390010001

Description

This exceptional 31,827-square-foot medical office building, situated on a 2.93-acre lot in Houston, Texas, presents a remarkable investment opportunity. Currently vacant, the property offers significant potential for a variety of uses, including medical, retail, or hospitality. Strategically located at 13103 FM 1960, the building boasts high visibility with 343 feet of frontage on FM 1960 West and 314 feet of frontage on Wortham Boulevard. The property benefits from a traffic light at the corner intersection, ensuring excellent accessibility and high traffic volume. Its proximity to Highway 290 (approximately 1,500 feet) further enhances its strategic location. An additional 1.1149-acre parcel is also available for purchase

• CAP approach

  CAP return

  Valuation

  6%

  $9,675,115

  6.5%

  $8,930,875

  7%

  $8,292,956

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,970,371

  Geo Method

  $24,246,172

• Alternative Use

  Use

  Valuation

  Residential

  $7,533,528

  Hospitality

  $6,900,671

  Educational

  $5,741,277

  Medical

  $5,938,728

  Retail

  $8,930,875

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.918

Longitude

-95.6114

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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