720 Post Oak RdHouston, TX 77024

  • Office buildings
  • 95,574 SF
For Lease
$21.36/SF/YR View listing

Property Details for 720 Post Oak Rd

Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.91 AC
Property size (Sq ft)
95,574 SF
Property type
Office buildings
APN
440820000050
APU
440820000050

Description

This exceptional six-story office building, located at 720 North Post Oak Road in Houston, Texas 77024, offers a variety of traditional and executive office spaces for lease. The building, constructed in 1979 and renovated in 2006, boasts a total of 92,952 square feet, with suites ranging from 868 to 15,785 contiguous square feet. Currently, 85,635 square feet are available for lease. The property features a convenient parking ratio of 3.4 spaces per 1,000 square feet, 24-hour secure key card access, and is situated in a highly desirable location just north of Uptown Park, providing easy access to numerous dining options at the nearby Marque Center. Tenants enjoy the benefit of a large common area conference room, an on-site deli with complimentary Wi-Fi, and proximity to the Metro Busline. The building's prime location is north of Memorial Drive on Post Oak Road, just outside the 610 Loop and minutes from the Galleria. Additional amenities include multiple conference rooms, high-speed Wi-Fi, and an on-site tenant center with a full deli and cafeteria. This property is ideal for businesses seeking a prestigious address and convenient access to Houston's major thoroughfares and amenities. The building is conveniently located within the Galleria, Galleria/West 610 Loop, Highway 290, Memorial Park, North 610 Loop, and West Loop submarkets.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,573,714
    6.5%
    $18,068,044
    7%
    $16,777,470
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,126,725
    Geo Method
    $28,613,900
  • Alternative Use

    Use
    Valuation
    Residential
    $22,404,374
    Hospitality
    $20,522,286
    Educational
    $17,074,302
    Medical
    $17,661,512
    Retail
    $26,560,024

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7799
Longitude
-95.4561
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$213,975
$2,079,450
$8,807,969
$10,887,419
-
$2,079,450
$8,807,969
$10,887,419

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