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    1417 Durham Dr Houston, TX 77008

    Sponsored
    For Sale
    $2,700,000

    Prime Houston location, 16,625 SF lot.

    Property size:
    16,625 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16,625 square foot commercial lot, located at 1417 N Durham Dr in Houston, Texas, presents a remarkable opportunity for retail development. Situated in the vibrant Heights area, this property boasts prime frontage and offers significant potential for a variety of commercial ventures. The asking price is $2,700,000, translating to $162.41 per square foot. The property is zoned for mixed-use development, allowing for flexibility in project design and tenant mix. The single existing building on the site provides an immediate opportunity for renovation or redevelopment, depending on the buyer's vision. The property's location in Harris County, zip code 77008, offers easy access to major transportation arteries, ensuring high visibility and convenient access for customers and employees. This is a rare chance to acquire a substantial parcel of land in a highly sought-after Houston neighborhood, ideal for investors seeking a high-return development project. The property's size and location make it an attractive proposition for developers looking to capitalize on the area's growing commercial sector. Further details will be released soon.

    Property Features for 1417 Durham Dr

    General Information

    Property type
    Retail properties
    Square Feet
    16,625 SF

    Building Details

    Buildings
    1

    HighLights

    • $2,700,000 asking price.
    • 16,625 square foot lot.
    • Mixed‑use, retail land zoned property.
    • Located at 1417 N Durham Dr, Houston, TX 77008.
    • $162.41 per square foot.
    • One building on site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Caruzen Motors Used Car Dealer Moncredo Insurance Insurance Agency Houston Icon Complete ... Brake Shop HOuston Hieghts Cafe

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4119617
    Latitude
    29.7966278

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    FAQs

    What type of property is this?
    Retail property - Prime Houston location, 16,625 SF lot.
    Where is this retail property located?
    The property is located at 1417 Durham Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price.; 16,625 square foot lot.; Mixed-use, retail land zoned property.
    Request Owner's contact information
    1417 Durham Dr Houston, TX 77008
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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
    1417 Durham Dr Houston, TX 77008
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