4615 Sherman StHouston, TX 77011

Property Details for 4615 Sherman St

Year built

1998

Construction

BRICK

Lot size

0.60 AC

Property size (Sq ft)

4,420 SF

Property type

Retail space

APN

280300000015

APU

280300000015

Description

This exceptional Houston property offers a rare redevelopment opportunity in the burgeoning East End (EADO) area. The 27,000 square foot lot features a single-story, 4,200 square foot building currently housing three tenants with leases expiring January 1, 2026. This presents a unique chance to acquire a substantial land parcel with existing income while planning future development. The property is ideally situated just two miles from the 169-acre East River Project, a major development underway. The area is experiencing significant growth, with new housing and infrastructure improvements underway. The property's location offers convenient access to the Hike and Bike trail. The asking price is below market value, making this an attractive investment. The existing building is suitable for continued rental income during the planning phase of any redevelopment project. This Class C property is zoned for mixed-use, allowing for a variety of development options. The lot size provides ample space for a substantial project. The property is located at 4615 Sherman St, Houston, TX 77011, in Harris County. The property's location offers significant potential for future appreciation. An adjacent 6,500 square foot parcel is also available for purchase, offering the potential to expand the development footprint to a total of 33,500 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,330,678

  6.5%

  $1,228,318

  7%

  $1,140,581

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,646,359

  Geo Method

  $3,334,726

• Alternative Use

  Use

  Valuation

  Residential

  $1,036,133

  Hospitality

  $949,092

  Educational

  $789,633

  Medical

  $816,790

  Retail

  $1,228,318

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7464

Longitude

-95.3278

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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