6430 Richmond AveHouston, TX 77057

Property Details for 6430 Richmond Ave

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.56 AC

Property size (Sq ft)

47,936 SF

Property type

Office buildings

APN

460980000073

APU

460980000073

Description

This four-story, 44,177 square foot Class B office building, built in 1974 and renovated in 2015, offers a variety of spaces ideal for diverse businesses. Located in the Galleria area with excellent access to Highway 59 and I-610, the property boasts high visibility on Richmond Avenue and Fairdale Lane, providing three convenient points of ingress and egress. The building features 225 parking spaces and two elevators. Suites range from a minimum of 350 square feet to a maximum contiguous space of 11,000 square feet, accommodating businesses of all sizes. Amenities abound, with nearby gas stations, Walgreens, and various restaurants. One unit offers a unique independent entry, perfect for multi-service businesses such as cell phone or insurance offices. A large pylon sign is available for lease, enhancing visibility and branding opportunities. The building also includes spaces suitable for medical practices and call centers. The building sits on a two-acre lot and offers 10-foot ceiling heights. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $9,817,372

  6.5%

  $9,062,190

  7%

  $8,414,891

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,085,386

  Geo Method

  $14,351,559

• Alternative Use

  Use

  Valuation

  Residential

  $11,237,115

  Hospitality

  $10,293,137

  Educational

  $8,563,769

  Medical

  $8,858,291

  Retail

  $13,321,419

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7323

Longitude

-95.5003

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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