4611 Kelley StHouston, TX 77026

Property Details for 4611 Kelley St

Year built

1983

Construction

BRICK

Lot size

0.22 AC

Property size (Sq ft)

1,188 SF

Property type

Retail space

APN

651280570314

APU

651280570314

Description

This 1,138-square-foot vacant storefront in Houston, Texas, presents a prime investment opportunity. Located in the Near Northeast Submarket, this Class C, stand-alone building enjoys excellent visibility and accessibility from major freeways (610, I-10, and I-69), ensuring high traffic flow. The property is ideally suited for various uses, including retail, office, medical, or pharmacy, and is particularly well-suited for a daycare center, potentially qualifying for community assistance programs. The asking price is $290,000, representing a price per square foot of $254.83. The property's pro-forma NOI is $21,622, yielding a 7.46% cap rate. This location offers significant advantages beyond its immediate appeal. Situated within an Opportunity Zone, this property provides investors with potential tax benefits, including temporary deferral of capital gains, a step-up in basis (up to 15% exclusion with a 10-year hold), and permanent exclusion of capital gains after a 10-year holding period. These Opportunity Zone benefits, coupled with the property's strong location and versatile space, make this a compelling investment for both owner-users and investors seeking a high-return opportunity in a thriving Houston neighborhood. The address is 4611 Kelley St, Houston, TX 77026, in Harris County. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $357,657

  6.5%

  $330,145

  7%

  $306,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $442,506

  Geo Method

  $896,302

• Alternative Use

  Use

  Valuation

  Residential

  $278,490

  Hospitality

  $255,095

  Educational

  $212,236

  Medical

  $219,535

  Retail

  $330,145

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.8139

Longitude

-95.3237

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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