2925 Richmond AveHouston, TX 77098

Property Details for 2925 Richmond Ave

Year built

2014

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

619,415 SF

Property type

Office buildings

APN

1352150010002

APU

1352150010002

Description

This Class A office building, Spaces Kirby Grove, located at 2925 Richmond Ave, Houston, TX 77098, offers 25,057 square feet of versatile workspace in Harris County. Currently, 5,650 square feet are available, divisible into units as small as 50 square feet, with a maximum contiguous space of 1,300 square feet. The building features 350 total suites, catering to various business needs, from traditional office setups to coworking and creative office spaces. Renovated in 2019, the property includes elevators and provides convenient access to Highway 59. Its location in the Upper Kirby District offers a vibrant atmosphere, with proximity to Levy Park and numerous shops and restaurants. This is an ideal location for businesses seeking a flexible and inspiring work environment in a thriving community. The building offers a variety of office subtypes including traditional, executive, coworking, and creative office spaces, making it suitable for a wide range of businesses and professional needs. The building's modern amenities and convenient location make it a highly desirable property for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $126,857,224

  6.5%

  $117,098,976

  7%

  $108,734,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $91,555,288

  Geo Method

  $185,446,656

• Alternative Use

  Use

  Valuation

  Residential

  $145,202,720

  Hospitality

  $133,004,920

  Educational

  $110,658,528

  Medical

  $114,464,248

  Retail

  $172,135,488

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7336

Longitude

-95.4227

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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