5407 Kelvin DrHouston, TX 77005

Property Details for 5407 Kelvin Dr

Year built

1955

Construction

CONCRETE BLOCKS

Lot size

0.11 AC

Property size (Sq ft)

4,450 SF

Property type

Retail space

APN

370220000019

APU

370220000019

Description

This exceptional 2,812-square-foot commercial property, located at 5407 Kelvin Drive in Houston, Texas, presents a unique opportunity for businesses seeking a single-tenant space. Situated in Harris County, zip code 77005, this property boasts a versatile layout previously used as a photography studio, making it ideal for a variety of retail or office uses. The entire space is currently vacant, offering immediate occupancy. The building's total square footage is 2,812 square feet, providing ample room for operations and potential expansion. The property's location within the vibrant Rice Village area offers significant advantages. Rice Village is known for its high foot traffic, diverse mix of retail and restaurant establishments, and strong residential presence, creating a dynamic and attractive environment for businesses. This location ensures high visibility and accessibility for potential customers and employees. The property's address is easily accessible, offering convenient access to major transportation routes and amenities. This is an excellent opportunity to establish a presence in a thriving Houston neighborhood. The property is ready for immediate occupancy and customization to suit the needs of a new tenant. Serious inquiries are encouraged to explore this exceptional commercial real estate opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,339,710

  6.5%

  $1,236,656

  7%

  $1,148,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,657,533

  Geo Method

  $3,357,360

• Alternative Use

  Use

  Valuation

  Residential

  $1,043,165

  Hospitality

  $955,534

  Educational

  $794,993

  Medical

  $822,334

  Retail

  $1,236,656

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.717

Longitude

-95.4164

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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