11111 Richmond AveHouston, TX 77082

Property Details for 11111 Richmond Ave

Year built

1982

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.06 AC

Property size (Sq ft)

103,763 SF

Property type

Office buildings

APN

1146800030001

APU

1146800030001

Description

The Colonnade offers exceptional office space in the heart of Westchase, Harris County. This traditional office building boasts a total of 96,223 square feet, with six available suites ranging from 1,523 to 21,816 square feet, perfect for businesses of various sizes. Its enviable location at the corner of Richmond and Wilcrest provides unparalleled access to major thoroughfares, including the Beltway 8 and Westpark Tollways, ensuring seamless commutes for employees and clients. The building's prime position places it just two blocks from these vital roadways, offering convenient connectivity throughout the Houston metropolitan area. Enjoy the convenience of nearby amenities, including a US Post Office, UPS stores, a wide array of restaurants (such as Bistro le Cep and Jason's Deli), retail options, including Whole Foods and the Westchase Shopping Center, and hotels like the Comfort Suites. The Colonnade itself features a unique and inviting skylit, flagstone-lined garden, providing a tranquil and aesthetically pleasing environment for tenants and their guests. This property is situated on a major Metro route, enhancing accessibility for employees utilizing public transportation. The building's location within the Westchase submarket, a thriving business hub in Southwest Houston, offers proximity to numerous other businesses and entertainment venues. This is a truly exceptional opportunity to secure high-quality office space in a highly desirable and convenient location.

• CAP approach

  CAP return

  Valuation

  6%

  $21,250,834

  6.5%

  $19,616,156

  7%

  $18,215,002

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,337,135

  Geo Method

  $31,065,604

• Alternative Use

  Use

  Valuation

  Residential

  $24,324,032

  Hospitality

  $22,280,682

  Educational

  $18,537,266

  Medical

  $19,174,792

  Retail

  $28,835,748

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7269

Longitude

-95.5723

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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