12623 Jones RdHouston, TX 77070

Property Details for 12623 Jones Rd

Year built

1981

Construction

BRICK

Lot size

0.60 AC

Property size (Sq ft)

5,484 SF

Property type

Office buildings

APN

460560000027

APU

460560000027

Description

This exceptional 5,070 square foot office building, situated on a 0.6-acre lot at 12623 Jones Road in Houston, Texas, presents a unique investment opportunity. Built in 1995 and renovated in 2016, the property boasts a prime location in Northwest Houston, offering excellent visibility and signage with 105 feet of frontage on Jones Road. The building features multiple private offices, a spacious bullpen area, a conference room, a large lobby, and a reception area complete with granite counters and a kitchen area including a private restroom. Ample parking is available on an 11,000 square foot paved area. This property benefits from its location in a high-density residential and commercial area, providing convenient access to major employers such as Hewlett Packard, Methodist Willowbrook Hospital, The Vintage shopping center, and St. Luke's at The Vintage hospital. The high traffic volume of over 37,900 vehicles daily on Jones Road and over 51,000 vehicles daily on FM 1960/Cypress Creek Parkway ensures significant exposure. The property is located in Harris County and within the Cy-Fair Independent School District. This NNN leased, single-tenancy building is available for sale or lease. The property is classified as both Executive and Traditional Office space.

• CAP approach

  CAP return

  Valuation

  6%

  $1,123,132

  6.5%

  $1,036,738

  7%

  $962,685

• Comparable approach

  Method

  Valuation

  Relative Method

  $810,586

  Geo Method

  $1,641,855

• Alternative Use

  Use

  Valuation

  Residential

  $1,285,554

  Hospitality

  $1,177,561

  Educational

  $979,717

  Medical

  $1,013,411

  Retail

  $1,524,004

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.9566

Longitude

-95.5856

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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