Property profile

2011 Binz St Houston, TX 77004

FOR LEASE
Apartment buildings
Property ID
US82-2088391
9,943 SF 0.39 ac lot Built 1950
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 7,000 square foot commercial property, located at 2011 Binz Street in Houston, Texas, presents a unique investment opportunity. Built in 1950, this single-building property boasts two stories and offers a completely vacant space ready for immediate occupancy. The property is zoned N/A and situated in the highly sought-after Museum District, providing unparalleled access to a vibrant and diverse community. Its prime location offers easy access to major medical centers like the Texas Medical Center, prestigious universities such as Rice University and St. Thomas University, and popular entertainment venues including Minute Maid Park and Houston's thriving entertainment districts. The building features on-site parking for added convenience and a fenced yard, enhancing its versatility and appeal. The property's 7,000 square feet of space is adaptable to a wide range of uses, including medical offices, general office space, daycare facilities, and various retail ventures. This is a rare opportunity to acquire a substantial property in a prime Houston location with significant potential for growth and return on investment. The property is located in Harris County, Texas, with a zip code of 77004. The building is classified as both commercial and multifamily, offering flexibility in potential uses. This is a single-tenancy property, providing a unique opportunity for a single occupant to establish a strong presence in the heart of Houston's Museum District.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1950
Construction BRICK
Total area 9,943 SF
Lot 0.39 ac (16,888 SF)
APN 420660000030
UPID US82-2088391

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2011 Binz St Houston, TX 77004
Houston metro Census 312601 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$863k
Blend (final) Blend
$1.00M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.4M +69.1%
Restaurant $1.3M +56.4%
Auto repair, garage $930,000 +11.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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