888 Sam Houston PkwyHouston, TX 77042

  • Office properties
  • 45,872 SF
For Lease
$18/SF/YR View listing

Property Details for 888 Sam Houston Pkwy

Year built
1980
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.94 AC
Property size (Sq ft)
45,872 SF
Property type
Office properties
Property subtype
Office buildings
APN
401610000025
APU
401610000025

Description

Parkway II, located at 888 W Sam Houston Pkwy S, Houston, TX 77042, offers 24,973 square feet of prime executive office and commercial space. This two-story building, constructed in 1982 and completely renovated in 2023, provides a modern and efficient workspace. The property features multiple tenancy options, with spaces ranging from a minimum of 524 square feet to a maximum contiguous space of 4,927 square feet. The entire building is currently vacant, presenting a unique opportunity for a single tenant or multiple occupants. Conveniently located with easy access to Beltway 8, it's just off the first exit south of I-10, providing quick commutes to City Centre, the Energy Corridor, and the Galleria (approximately 15 minutes away). The building includes elevators for easy access to all floors. Cross streets are Brian Forest. Zoning information is not currently available. This exceptional property offers a blend of classic architecture and modern amenities, making it an ideal location for businesses seeking a prestigious and easily accessible Houston address. The property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,394,662
    6.5%
    $8,671,995
    7%
    $8,052,567
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,780,308
    Geo Method
    $13,733,618
  • Alternative Use

    Use
    Valuation
    Residential
    $10,753,274
    Hospitality
    $9,849,942
    Educational
    $8,195,036
    Medical
    $8,476,876
    Retail
    $12,747,833
888 Sam Houston Pkwy, Houston, Texas

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7519
Longitude
-95.5588
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
$58,403
$1,904,333
$853,874
$2,758,207
-
$1,904,333
$853,874
$2,758,207

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