801 Dumont StSouth Houston, TX 77587

Property Details for 801 Dumont St

Year built

1960

Construction

BRICK

Lot size

0.49 AC

Property size (Sq ft)

8,725 SF

Property type

Office buildings

APN

341670310004

APU

341670310004

Description

This exceptional investment opportunity presents two vacant office buildings ideally situated in South Houston, Texas, at 801 and 805 Dumont Street, zip code 77587, within Harris County. The properties offer a combined total of approximately 13,733 square feet of leasable space, with one building encompassing 8,725 square feet and the other featuring 5,008 square feet. These buildings are classified as Class C and are suitable for various office uses, including traditional, medical, and creative office spaces. The flexible layouts allow for customization to meet diverse tenant needs. Currently vacant, this presents a unique chance to establish a strong tenant base. The buildings are conveniently located near Hobby Airport, offering easy access for commuters and clients. Leasing terms include a one-month security deposit and a $50 credit check. A virtual tour is available for prospective tenants to explore the properties in detail. Ownership details are available upon request. This is an excellent opportunity for investors seeking a flexible and well-located office property in a growing area. The cap rate is currently 0%.

• CAP approach

  CAP return

  Valuation

  6%

  $1,786,894

  6.5%

  $1,649,441

  7%

  $1,531,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,289,636

  Geo Method

  $2,612,178

• Alternative Use

  Use

  Valuation

  Residential

  $2,045,307

  Hospitality

  $1,873,490

  Educational

  $1,558,722

  Medical

  $1,612,329

  Retail

  $2,424,678

Location Insight

City

South Houston

County

Harris

State

Texas

Latitude

29.6681

Longitude

-95.2388

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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