16610 Sea Lark RdHouston, TX 77062

Property Details for 16610 Sea Lark Rd

Year built

1975

Construction

BRICK

Lot size

0.42 AC

Property size (Sq ft)

7,258 SF

Property type

Day care centers & nurseries

APN

990500000019

APU

990500000019

Description

This exceptional 6,745-square-foot freestanding office building, situated at 16610 Sea Lark Road in Houston, Texas, presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2019, the property boasts a single-story design on a spacious 18,400-square-foot lot (APN: 099-050-000-0019). Currently vacant, this Class B building is ideally suited for either medical or traditional office use, offering significant potential for immediate occupancy. Its prime location in Clear Lake offers convenient access to major thoroughfares like Bay Area Boulevard and I-45, placing it within easy reach of Clear Lake Medical Center, the University of Houston-Clear Lake, and NASA's Johnson Space Center. The property benefits from high visibility and monument signage, enhancing its appeal to prospective tenants. Furthermore, its proximity to numerous retail establishments, including Kroger, ALDI, HEB, Spec's, CVS, Walgreens, and Office Depot, provides exceptional convenience and attracts a strong workforce. This is a rare opportunity to acquire a well-maintained, renovated office building in a thriving Houston submarket. The asking price is $1,750,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,453,005

  6.5%

  $1,341,236

  7%

  $1,245,433

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,233,720

  Geo Method

  $2,498,918

• Alternative Use

  Use

  Valuation

  Residential

  $1,701,414

  Hospitality

  $1,558,486

  Educational

  $1,296,642

  Medical

  $1,341,236

  Retail

  $2,016,999

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.5559

Longitude

-95.1235

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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