Listing Agency: Palo Duro Commercial Partners

Listed By: Ryan Neyland · License #633346 Show Phone

Source: Crexi

Added: Apr 10 Changed: Sep 4 Last Checked: Aug 30 at 5:23AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palo Duro Commercial Partners

Investment Insights

Based on property information with market context.

This office building contains 11,500 SF of commercial space and is offered for sale. The property is located at 701 Richmond Ave in Houston, Texas 77006.

The listing reflects a 3.47% CAP rate for the office asset.

Key Highlights

• 11,500 SF office building
• 3.47% CAP rate
• 701 Richmond Ave, Houston, TX 77006

Property Analytics

Property Profile

Current Use

Hazard Street Spa Medical Clinic REM Mobile Spa ... Alternative Medicine Practice Lindsay Pearce Counselor UNITi Montrose Apartment Complex Freeman Design Associates Marketing & Advertising

Suggested Use

Top Pick HVAC Service Food Market Auto Parts Store Home Appliance Store Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,033

Businesses Nearby

Explore this area Business Placement

Demographics for 77006, TX

24,129

Population

16,654

Households

1.4

Avg Household Size

36

Median Age

80%

College-Educated

98%

High-School Grad

2.3 sq mi

ZIP Area

10,491

Density / Sq Mi

$102,003

Median Household Income

$73,275

Median Earnings

$1,761

Median Rent

$599,500

Median Home Value

Market

Vacancy Rate% for Office in Houston, TX

21.3% 2019

24.5% 2020

25.2% 2021

26% 2022

25.3% 2023

25.5% 2024

24.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Two-Story Retail Building with Parking

7704 Irvington Boulevard, Houston, TX 77022

$815,000

5,600 SF

View details

New Gas Station and Retail

14911 Westpark Dr, Houston, TX 77082

$7,000,000

10,200 SF

View details

Shell-Condition Storefront Property

17211 North Fwy, Houston, TX 77090

$1,450,000

7,500 SF

View details

Flex Space with Outside Storage

5010 Steffani Ln, Houston, TX 77041

$985,000

4,802 SF

View details

Rehabilitation Center with Aquatic Pool

9402 Mesa Dr, Houston, TX 77028

$798,000

3,532 SF

View details

Flex Space with New TPO Roof

2900 Luell Street, Houston, TX 77093

$500,000

10,028 SF

View details

Auto Shop with Collision Workflow Separation

11239 Veterans Memorial Drive, Houston, TX 77067

$2,500,000

9,400 SF

View details

New Self-Service Car Wash

3703 Highway 6 S, Houston, TX 77082

$6,500,000

5,500 SF

View details

Multi-Tenant Office Building

800 Tully Rd, Houston, TX 77079

$1,795,000

16,571 SF

View details

Signalized Corner Retail Center

13712 Walters Rd, Houston, TX 77014

$1,899,000

12,980 SF

View details

Showroom Property with Underground Parking

10000 Northwest Fwy, Houston, TX 77092

$5,950,000

62,200 SF

View details

Two-Building Office Property

3800 & 3750 Hopper Rd, Houston, TX 77093

$995,000

7,245 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Office property offering a substantial commercial footprint in Houston.

Where is this office building located?

The property is located at 701 Richmond Ave Houston, TX.

What are key features of this property?

This property features: 11,500 SF office building; 3.47% CAP rate; 701 Richmond Ave, Houston, TX 77006