6425 Harrisburg BlvdHouston, TX 77011

  • Outlet malls
  • 21,875 SF

Property Details for 6425 Harrisburg Blvd

Year built
2000
Construction
STEEL FRAME
Lot size
1.50 AC
Property size (Sq ft)
21,875 SF
Property type
Outlet malls
APN
1210720010001
APU
1210720010001

Description

This exceptional 21,600-square-foot industrial property, situated on a 1.5-acre lot in Houston, Texas, presents a unique owner-user opportunity. Built in 2000, this single-story tilt-wall building boasts 18-foot ceilings and ample parking, initially designed for retail but easily adaptable for distribution, manufacturing, or warehouse uses. The property features three grade-level loading doors—two accessible from the parking lot and one from the street—providing convenient access for loading and unloading. The interior is primarily open space, with a designated loading and storage area. The building is equipped with a sprinkler system and air conditioning throughout. Located in Harris County, zip code 77011, this property benefits from its position within an Opportunity Zone adjacent to EADO. The current tenant will vacate upon the closing of a sale, making this an ideal opportunity for immediate occupancy and customization. The property's APN is 1210720010001. The lease expires June 24, 2024, with no remaining lease term.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,585,654
    6.5%
    $6,079,064
    7%
    $5,644,846
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,147,987
    Geo Method
    $16,503,874
  • Alternative Use

    Use
    Valuation
    Residential
    $5,127,918
    Hospitality
    $4,697,146
    Educational
    $3,907,970
    Medical
    $4,042,371
    Retail
    $6,079,064

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7392
Longitude
-95.3121
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$27,808
$555,858
$827,300
$1,383,158
-
$555,858
$827,300
$1,383,158

FAQs

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