11911 Fm 529 RdHouston, TX 77041

Property Details for 11911 Fm 529 Rd

Year built

1976

Construction

STEEL FRAME

Lot size

11.97 AC

Property size (Sq ft)

83,216 SF

Property type

Office buildings

APN

421380000001

APU

421380000001

Description

This exceptional Houston office property, located at 11911 FM 529, offers a substantial 95,000 square feet of space across two buildings. Situated on 11.97 acres in Northwest Houston, this Class B property enjoys excellent visibility and accessibility with frontage on FM 529 and convenient access to US 290, Highway 6, and Beltway 8. The main building is a two-story structure encompassing 80,864 square feet, complemented by a single-story annex building of approximately 15,000 square feet. Built in 1985, the property provides a single-tenant occupancy opportunity. Ample parking is available, with approximately 400 covered spaces, providing a generous parking ratio of 5.16 spaces per 1,000 square feet. This property presents a unique opportunity for a business seeking a significant and well-located office space in a thriving Houston submarket. The property's size, location, and parking make it an ideal choice for a variety of businesses. The address is 11911 FM 529, Houston, TX 77041.

• CAP approach

  CAP return

  Valuation

  6%

  $19,315,100

  6.5%

  $17,829,400

  7%

  $16,555,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,300,100

  Geo Method

  $24,914,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $37,029,400

  Retail / Commercial

  $18,611,200

  Mixed-Use / Specialty

  $18,247,500

  Hospitality / Lodging

  $13,000,500

  Institutional / Educational

  $18,863,700

  Residential Income

  $22,070,600

  Multifamily

  $28,118,700

  Automotive / Energy

  $16,168,900

  Parking / Income-Based Land

  $5,873,470

  Restaurant / Food Service

  $8,856,060

  Healthcare / Senior Housing

  $19,017,400

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8792

Longitude

-95.5883

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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