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    1203 Durham Dr Houston, TX 77008

    • Office buildings
    • 2,636 SF
    • 0.15 lot acres
    For Lease
    View listing
    Value Estimation
    $430,000
    Location Intelligence
    Property ID
    US83-4237385
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mainland Construction Inc. / General Contractor
    • Val Glitsch Architect / Architect

    Property Details for 1203 Durham Dr

    Year built
    2008
    Construction
    METAL FRAME
    Lot size
    0.15 lot acres
    Property size
    2,636 SF
    Property type
    Office buildings
    APN
    582430020005
    APU
    582430020005

    Description

    This single-tenant property, totaling 2,601 square feet, is situated on a 0.15-acre lot at 1203 N Durham Dr in Houston, Texas, zip code 77008. Built in 2008, this one-story building offers versatile space suitable for traditional, executive, or creative office uses, as well as retail. The property is entirely vacant and presents a unique opportunity in the thriving Heights area. Its prime location provides excellent visibility and accessibility, benefiting from the area's vibrant mix of commercial and residential activity and strong community presence. This makes it an ideal location for businesses seeking to capitalize on the Heights' growth and establish a presence in one of Houston's most desirable neighborhoods. Harris County location adds to its appeal. The property's single-tenant occupancy simplifies management and offers flexibility for future development.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $440,000
      6.5%
      $425,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $455,000
      Mixed-Use
      $370,000
      Hospitality
      $375,000
      Educational
      $500,000
      Residential Income
      $515,000
      Energy
      $445,000
      Income-Based Land
      $515,000
      Food Service
      $495,000

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4118
    Latitude
    29.7926
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,835
    $645,000
    $52,119
    $697,119
    -
    $645,000
    $52,119
    $697,119

    Comparable in this City

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      SKYSCRAPER/HIGH-RISE (COM OFFICES) • 116,064 SF
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    • Value Estimation by Request
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    • Value Estimation by Request
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      OFFICE BUILDING • 7,560 SF
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      View Details

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    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
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