919 Milam StHouston, TX 77002

Property Details for 919 Milam St

Year built

1956

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.43 AC

Property size (Sq ft)

723,130 SF

Property type

Office buildings

APN

11410000001

APU

11410000001

Description

919 Milam Street in Houston, Texas, offers twelve suites of newly renovated retail space, completed in 2023. Six spaces are currently available, ranging from 939 to 3,370 square feet, ideal for restaurants and retailers. This exceptional property boasts a highly desirable location within Houston's downtown tunnel system, providing unparalleled access and foot traffic via four convenient entry points. Situated in Harris County, with a 77002 zip code, this multi-tenant building presents a unique opportunity to establish a presence in one of the city's busiest commercial corridors. The property's central location ensures high visibility and accessibility for customers. The modern renovations provide a fresh, contemporary setting for any business. This is an excellent investment opportunity for businesses seeking a thriving location with significant pedestrian traffic. The available spaces offer flexibility in size to accommodate a variety of retail concepts. Don't miss this chance to secure a prime retail space in the heart of downtown Houston.

• CAP approach

  CAP return

  Valuation

  6%

  $167,845,000

  6.5%

  $154,934,000

  7%

  $143,867,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $106,885,000

  Geo Method

  $216,498,000

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $321,778,000

  Retail / Commercial

  $161,727,000

  Mixed-Use / Specialty

  $158,567,000

  Hospitality / Lodging

  $112,971,000

  Institutional / Educational

  $163,922,000

  Residential Income

  $191,789,000

  Multifamily

  $244,346,000

  Automotive / Energy

  $140,505,000

  Parking / Income-Based Land

  $51,039,300

  Restaurant / Food Service

  $76,957,400

  Healthcare / Senior Housing

  $165,257,000

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7581

Longitude

-95.3659

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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