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    1500 Old Spanish Trl Houston, TX 77054

    For Lease
    Contact for pricing

    Prime Houston manufacturing/flex space. 54,000 SF, 1.77 acres.

    Lot size:
    54,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 54,000-square-foot industrial property, located at 1500 Old Spanish Trail in Houston, Texas, presents a unique investment opportunity. The single-tenant building, built in 1981 and renovated in 2010, offers a versatile space suitable for manufacturing, flex, or R&D uses. The property sits on a 1.77-acre lot in Harris County (APN: 1040840000001) and boasts a two-story structure with a 12' 3" ceiling height. The building's amenities include an elevator. Currently, the entire 54,000 square feet is vacant, providing immediate occupancy for a new tenant. Its strategic location, just blocks from the Texas Medical Center (TMC) and Helix Park, offers excellent access to a skilled workforce and significant growth potential. The property is zoned for a full life sciences and mixed-use redevelopment, making it an attractive prospect for long-term investment and development. The zip code is 77054. This is a rare opportunity to acquire a substantial industrial property in a rapidly developing area of Houston.

    Property Features for 1500 Old Spanish Trl

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF

    Building Details

    Year Built/Renovated
    1981/2010
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    54,000 SF

    HighLights

    • Prime location minutes from Texas Medical Center & TMC Helix Park, offering excellent access to leading academic, research, and healthcare institutions.
    • Ideal for full life sciences and mixed‑use redevelopment.
    • Supports Houston's growing life sciences cluster, enhancing clinical, innovation, research, and manufacturing infrastructure.
    • Houston's thriving life sciences and biotech sector ranks #2 among emerging clusters and #10 nationally.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Smith Lands South ... Parking Lot

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4064191
    Latitude
    29.6920215

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    FAQs

    What type of property is this?
    Life science property - Prime Houston manufacturing/flex space. 54,000 SF, 1.77 acres.
    Where is this life science property located?
    The property is located at 1500 Old Spanish Trl Houston, TX.
    What are key features of this property?
    This property features: Prime location minutes from Texas Medical Center & TMC Helix Park, offering excellent access to leading academic, research, and healthcare institutions.; Ideal for full life sciences and mixed-use redevelopment.; Supports Houston's growing life sciences cluster, enhancing clinical, innovation, research, and manufacturing infrastructure.
    Request Owner's contact information
    1500 Old Spanish Trl Houston, TX 77054
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    Houston, TX 77054
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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
    1500 Old Spanish Trl Houston, TX 77054
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