500 Lovett BlvdHouston, TX 77006

Property Details for 500 Lovett Blvd

Year built

1959

Construction

BRICK

Lot size

0.41 AC

Property size (Sq ft)

16,240 SF

Property type

Office buildings

APN

261350000020

APU

261350000020

Description

This exceptional Class A office building, located at 500 Lovett Blvd in Houston, TX 77006, offers 15,676 square feet of meticulously maintained space. Built in 1959 and situated near Whitney St., this two-story building features ten suites, with three currently available, ranging from 400 to 3,119 contiguous square feet. The minimum divisible space is 1,555 square feet, providing flexibility for various business needs. The building boasts an industrial-chic aesthetic, highlighted by polished concrete floors, exposed ceilings, and abundant natural light. Each suite includes modern amenities such as a dedicated conference room, kitchenette, and break area. The inviting reception area adds a professional touch. With 3,119 square feet currently vacant, this presents a unique opportunity for businesses seeking a stylish and functional workspace. The property is zoned F1 Real, Commercial (APN: 0261350000020) and includes 26 parking spaces. Its prime location in the walkable Montrose neighborhood provides easy access to a variety of shops, restaurants, and vibrant dining options. While there are no elevators, the building's design and layout are easily accessible. This is an ideal location for businesses seeking a trendy and functional workspace in one of Houston's most dynamic areas.

• CAP approach

  CAP return

  Valuation

  6%

  $3,325,979

  6.5%

  $3,070,134

  7%

  $2,850,839

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,400,423

  Geo Method

  $4,862,094

• Alternative Use

  Use

  Valuation

  Residential

  $3,806,967

  Hospitality

  $3,487,161

  Educational

  $2,901,277

  Medical

  $3,001,056

  Retail

  $4,513,098

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7438

Longitude

-95.3875

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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