1008 Morton StRichmond, TX 77469

  • Other commercial real estate
  • 8,393 SF
For Lease

Property Details for 1008 Morton St

Year built
1981
Lot size
0.51 AC
Property size (Sq ft)
8,393 SF
Zone code
XYS
Property type
Other commercial real estate
APN
7395-00-127-0010-901
APU
7395001270010901

Description

This exceptional 8,259-square-foot office building in Richmond, Texas, presents a unique investment opportunity. Situated on a 0.51-acre lot, this single-tenant property boasts 15 parking spaces and underwent extensive renovations in 2023 and 2024. Improvements include a new TPO flat roof, a new 30-year GAF shingle roof, two brand-new 5-ton condenser and air handlers comprising a new HVAC system, a new water heater, updated plumbing fixtures (toilets, vanities, and showers), and new LED lighting throughout the interior and exterior. The property also features fresh paint, new flooring, and a newly installed two-zone irrigation system (September 2024). A rear room offers potential conversion to climate-controlled storage with an overhead/garage door. Located in Richmond, this property is outside of the 100-year and 500-year floodplains. The building was constructed in 1980 and is a single-story structure. This versatile space is suitable for a variety of office uses, including traditional office, flex space, and executive office configurations. The property's recent upgrades and prime location make it an attractive option for businesses seeking modern, efficient, and well-maintained office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,365,695
    Hospitality
    $2,166,964
    Educational
    $1,802,889
    Medical
    $1,864,893
    Retail
    $2,804,494
1008 Morton St, Richmond, Texas

Location Insight

City
Richmond
County
Fort Bend
State
Texas
Latitude
29.5813
Longitude
-95.7671
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
2023
$9,490
$198,450
$248,634
$447,084
-
$198,450
$248,634
$447,084

FAQs

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