211 Highland Cross DrHouston, TX 77073

Property Details for 211 Highland Cross Dr

Year built

1980

Construction

STEEL FRAME

Lot size

2.59 AC

Property size (Sq ft)

56,604 SF

Property type

Office buildings

APN

1145810000001

APU

1145810000001

Description

This exceptional two-story, Class B office building, located at 211 Highland Cross Drive in Houston, Texas, 77073, offers 55,382 square feet of traditional office space. Built in 1980, the single building property boasts ample parking with a ratio of 4.00 spaces per 1,000 square feet. Currently, there are 24,509 square feet of vacant space available for lease, offering various suite sizes ranging from 186 square feet to 7,487 square feet, accommodating a variety of business needs. The building is situated in Harris County and enjoys a convenient location, just 15 minutes from George Bush Intercontinental Airport, with easy access to Highway 45 via Highland Cross Drive and Trevor Way. This presents a unique opportunity for businesses seeking flexible and well-located office space in a thriving Houston market. The multiple tenancy structure allows for diverse occupancy options, making it ideal for both large and small businesses. The building's substantial size and available parking ensure ample room for growth and employee convenience. This property represents a strong investment opportunity in a desirable Houston location.

• CAP approach

  CAP return

  Valuation

  6%

  $17,635,000

  6.5%

  $16,278,500

  7%

  $15,115,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,691,300

  Geo Method

  $16,946,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,963,200

  Retail / Commercial

  $16,724,300

  Mixed-Use / Specialty

  $16,523,600

  Hospitality / Lodging

  $11,939,100

  Institutional / Educational

  $17,127,400

  Residential Income

  $20,039,100

  Multifamily

  $24,816,000

  Automotive / Energy

  $14,680,700

  Parking / Income-Based Land

  $5,205,510

  Restaurant / Food Service

  $8,292,940

  Healthcare / Senior Housing

  $17,089,300

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

30.0256

Longitude

-95.4269

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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