1415 Franklin StHouston, TX 77002

Property Details for 1415 Franklin St

Year built

1985

Construction

STEEL FRAME

Lot size

0.11 AC

Property size (Sq ft)

4,898 SF

Property type

Office properties

Property subtype

Office buildings

APN

10100000001

APU

10100000001

Description

This exceptional two-story executive office building, located at 1415 Franklin Street in Houston, Texas, 77002, offers a compelling investment opportunity. The 4,898 square foot building sits on a 5,000 square foot lot and boasts 8-9 parking spaces. Constructed in 1985, the property features a recently updated roof. Currently, the building is partially owner-occupied and partially leased, providing immediate income potential. The 2019 property taxes were $18,405.00. This prime location offers unparalleled convenience, situated just four blocks from Main Street and within walking distance of the Harris County Courthouse. Furthermore, its proximity to the Buffalo Bayou Beautification Project adds to its desirability. This well-maintained building presents a rare chance to acquire a thriving executive office space in a highly sought-after Houston location. The property's size, location, and existing lease agreements make it an attractive investment for discerning buyers. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,118

  6.5%

  $925,956

  7%

  $859,816

• Comparable approach

  Method

  Valuation

  Relative Method

  $723,970

  Geo Method

  $1,466,412

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,185

  Hospitality

  $1,051,731

  Educational

  $875,028

  Medical

  $905,122

  Retail

  $1,361,155

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7607

Longitude

-95.3559

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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