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    2407 Southmore Blvd Houston, TX 77004

    Sponsored
    For Sale
    Contact for pricing

    Houston multi-use property: retail, office, residential.

    Property size:
    11,849 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property at 2407 Southmore Blvd, Houston, TX 77004, presents a compelling investment opportunity. The 11,849 square foot lot houses a 1,716 square foot retail/office space and a 1,350 square foot duplex with two units. Built in 1920 and renovated in 2021, this Class C property offers significant potential. The retail/office space is currently vacant, providing a blank canvas for a new tenant or owner-user. The duplex units, also vacant, offer immediate rental income potential or the possibility of owner occupancy. The property's location in Houston's desirable 77004 zip code, near Highway 288, ensures high visibility and accessibility. The 22% occupancy rate reflects the current vacant status, presenting an opportunity to increase returns. The property features two buildings across two stories, with a total net rentable area of 3,066 square feet. The gross lease terms are for one year, commencing November 1, 2024, and expiring October 31, 2025. This value-add investment is ideal for an owner-user seeking a combination of commercial and residential space, or for an investor looking to capitalize on the property's potential for increased occupancy and rental income. The large lot size offers further development possibilities. The property is zoned for versatile use, allowing for a variety of commercial and residential applications. This is a rare opportunity to acquire a mixed-use property in a prime Houston location.

    Property Features for 2407 Southmore Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,849 SF
    Class
    C

    Building Details

    Year Built/Renovated
    1920/2021
    Buildings
    2
    Stories
    2
    Units
    3

    HighLights

    • 11,849 SF lot with development potential in prime Houston location.
    • 1,716 SF adaptable retail/office space with excellent street frontage.
    • 1,350 SF duplex with two units, ideal for rental income or owner occupancy.
    • Excellent location near Highway 288, offering high visibility and accessibility.
    • Versatile zoning allows for various commercial and residential uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bonehouse Records Entertainment Agency

    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
    -95.3748968
    Latitude
    29.7212773

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    FAQs

    What type of property is this?
    Individual retail property - Houston multi-use property: retail, office, residential.
    Where is this individual retail property located?
    The property is located at 2407 Southmore Blvd Houston, TX.
    What are key features of this property?
    This property features: 11,849 SF lot with development potential in prime Houston location.; 1,716 SF adaptable retail/office space with excellent street frontage.; 1,350 SF duplex with two units, ideal for rental income or owner occupancy.
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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
    2407 Southmore Blvd Houston, TX 77004
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