This exceptional Houston office building, located at 11011 Jones Rd, offers 14,141 square feet of versatile space ideal for executive, medical, or traditional office uses. Situated on a 1.015-acre lot with approximately 123.33 feet of frontage on Jones Rd, this property boasts high visibility and accessibility. The building's second-generation space presents a fantastic opportunity for businesses seeking a well-established location. Its prime position ensures high traffic volume and proximity to numerous residential areas, creating a strong potential for client base and employee convenience. The asking price for this property is $1,750,000. This is a rare opportunity to acquire a substantial office building in a thriving Houston location. The property's size and location make it suitable for a variety of professional uses, offering significant potential for growth and return on investment. The ample square footage and convenient access to major thoroughfares make this an attractive option for businesses seeking a prominent presence in the Houston market. The property's existing infrastructure provides a solid foundation for immediate occupancy or future renovations, catering to diverse business needs. The combination of size, location, and versatility makes this a compelling investment opportunity.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,896,100
6.5%
$2,673,323
7%
$2,482,372
Comparable approach
Method
Valuation
Relative Method
$2,090,171
Geo Method
$4,233,674
Alternative Use
Use
Valuation
Residential
$3,314,921
Hospitality
$3,036,450
Educational
$2,526,290
Medical
$2,613,174
Retail
$3,929,785
Location Insight
City
Houston
County
Harris
State
Texas
Latitude
29.934
Longitude
-95.5856
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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