5120 Woodway DrHouston, TX 77056

Property Details for 5120 Woodway Dr

Year built

1984

Construction

STEEL FRAME

Lot size

7.12 AC

Property size (Sq ft)

449,490 SF

Property type

Office buildings

APN

451400050350

APU

451400050350

Description

The Decorative Center of Houston offers 500,000 square feet of Class A office space in a prime Houston location at 5120 Woodway Dr, 77056. Built in 1984 and renovated in 2014, this multi-use building features a variety of office configurations, from traditional to creative coworking spaces, suitable for various business needs. Spaces range from 1,283 to 18,524 contiguous square feet, with a maximum of 18,524 square feet available. The building boasts 13-foot ceilings, four elevators, and ample parking with 2,000 spaces (a 3.5:1,000 sq ft ratio) in a 5-story covered garage. Convenient amenities include loading docks, freight elevators, card key access, concierge service, on-site management, a restaurant, security, and vending areas. This established location, part of a renowned design center with over 40 showrooms, provides a unique and prestigious address for your business. The building's central location in Houston offers easy access to major transportation routes and a vibrant business community. Multiple tenancy options are available to accommodate businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $92,056,296

  6.5%

  $84,975,048

  7%

  $78,905,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,438,796

  Geo Method

  $134,572,816

• Alternative Use

  Use

  Valuation

  Residential

  $105,369,056

  Hospitality

  $96,517,488

  Educational

  $80,301,416

  Medical

  $83,063,104

  Retail

  $124,913,312

Location Insight

City

Houston

County

Harris

State

Texas

Latitude

29.7632

Longitude

-95.4664

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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