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    3150 Polk St Houston, TX 77003

    For Sale
    Contact for pricing

    Vacant, 5,591 SF, 0.8 Acres

    Property size:
    5,591 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional East Downtown (EADO) Houston property presents a unique investment opportunity. The 5,591-square-foot building sits on a sizable 0.803-acre lot, offering significant potential for redevelopment or continued use as a medical office. Currently vacant, the single-story Class B building boasts 21 parking spaces, a significant advantage in this vibrant urban location. Its previous use as a dialysis clinic provides a fully built-out interior, ready for immediate occupancy by a similar medical practice or adaptable to other commercial uses. The property's prime location offers easy access to public transportation, with a convenient 5-minute walk to the Leeland/Third Ward Light Rail Station. This owner-user investment presents a rare chance to acquire a substantial property in a rapidly growing area of Houston, offering both immediate income potential and long-term appreciation prospects. The property is zoned for commercial use and is ready for immediate occupancy. The ample land area provides flexibility for future expansion or redevelopment. This is an excellent opportunity for an investor seeking a strong foothold in the thriving Houston market. The combination of location, size, and existing improvements makes this a highly desirable property.

    Property Features for 3150 Polk St

    General Information

    Property type
    Medical offices
    Square Feet
    5,591 SF
    Class
    B
    Lot Size
    34,979 SF

    Building Details

    Stories
    1

    HighLights

    • 5,591 SF building on a 0.803‑acre lot in Houston's EADO.
    • Single‑story Class B building with 21 parking spaces.
    • Currently vacant, previously used as a dialysis clinic; suitable for medical or other commercial uses.
    • Prime location, 5‑minute walk to light rail.
    • Zoned commercial, ready for immediate occupancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DaVita Summit Dialysis ... Dialysis Center BENJAMIN J LEE Nephrologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.34815158767
    Latitude
    29.743498719758

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    FAQs

    What type of property is this?
    Medical office - Vacant, 5,591 SF, 0.8 Acres
    Where is this medical office located?
    The property is located at 3150 Polk St Houston, TX.
    What are key features of this property?
    This property features: 5,591 SF building on a 0.803-acre lot in Houston's EADO.; Single-story Class B building with 21 parking spaces.; Currently vacant, previously used as a dialysis clinic; suitable for medical or other commercial uses.
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    3150 Polk St Houston, TX 77003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3150 Polk St Houston, TX 77003
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