Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1005 Hutchins St Houston, TX 77003

    • Warehouses
    • 16,500 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $540,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4156404
    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

    • Emotional Support Animal | PET INSURANCE / Alternative Medicine Practice

    Property Details for 1005 Hutchins St

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    0.39 lot acres
    Property size
    16,500 SF
    Property type
    Warehouses
    APN
    11970000006
    APU
    11970000006

    Description

    This exceptional executive office space, located at 1005 Hutchins St, Building 3 in Houston, Texas, offers a significant opportunity for businesses seeking a prominent presence in a revitalizing area. The property boasts a total building size of 43,358 square feet, with 22,156 square feet currently available for lease. This single-tenant space is ideally suited for a company requiring substantial office area. The property is classified as both retail and office, offering flexibility and potential for diverse uses within the commercial sector. Situated in Harris County, with a zip code of 77003, this location benefits from its proximity to Houston's entertainment district, a key factor in its ongoing transformation. The property's strategic placement at the gateway to East Downtown positions it to capitalize on the significant revitalization efforts underway, creating a vibrant and walkable urban destination. This is a unique chance to secure a substantial, single-tenant space in a rapidly evolving and highly anticipated area of Houston. The property's size and location make it an attractive option for businesses seeking to establish or expand their operations in a dynamic and growing market. The single-tenant occupancy provides a unique opportunity for a business to customize the space to its specific needs. This is a rare opportunity to be part of a significant urban renewal project in a prime Houston location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $445,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $632,000
      Market price range: $431k - $1.12M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $735,000
      Current use
      OFFICE BUILDING
      $830,000
      Change: +13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3547
    Latitude
    29.7502
    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
    2023
    $22,024
    $1,350,000
    $151,043
    $1,501,043
    -
    $1,350,000
    $151,043
    $1,501,043

    Comparable in this City

    • Value Estimation
      $800,000
      36,807 SF

      505 Hutcheson St

      WAREHOUSE, STORAGE • 36,807 SF
      505 Hutcheson St, Houston, TX 77003-1343
      View Details
    • Value Estimation
      $1,055,000
      28,916 SF

      2223 Dallas St

      WAREHOUSE, STORAGE • 28,916 SF
      2223 Dallas St, Houston, TX 77003
      View Details
    • Value Estimation
      $985,000
      32,760 SF

      3202 Mckinney St

      WAREHOUSE, STORAGE • 32,760 SF
      3202 Mckinney St, Houston, TX 77003-3918
      View Details
    • Value Estimation
      $855,000
      32,550 SF

      3110 Mckinney St

      WAREHOUSE, STORAGE • 32,550 SF
      3110 Mckinney St, Houston, TX 77003-3828
      View Details
    • Value Estimation by Request
      5,386 SF

      3719 Navigation Blvd

      WAREHOUSE, STORAGE • 5,386 SF
      3719 Navigation Blvd, Houston, TX 77003-1728
      View Details
    • Value Estimation by Request
      1,800 SF

      1318 Edmundson St

      WAREHOUSE, STORAGE • 1,800 SF
      1318 Edmundson St, Houston, TX 77003-4828
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,850 SF

      Houston Warehouse: 20,850 SF

      Prime Houston industrial warehouse for sale.
      1618 Webster St, Houston, TX 77003
      View Details
    • Contact for pricing
      18,750 SF

      EaDo Flex/Retail Space Available

      18,750 SF flex/retail space in high-traffic EaDo location.
      1110 Paige St, Houston, TX 77003
      View Details
    • $899,995
      3,140 SF

      Houston Multifamily Investment Opportunity

      5-Unit Apartment Building, EaDo, TX
      5 Estelle St, Houston, TX 77003
      View Details
    • Contact for pricing
      0.79 Acres

      Prime Houston Development Land

      0.79 Acres Near Downtown Houston
      1700 Emancipation Ave, Houston, TX 77003
      View Details
    • Contact for pricing
      1.13 Acres

      East Downtown Houston Development Land

      ±1.13 Acres, Prime Location
      3815 Navigation Blvd, Houston, TX 77003
      View Details
    • Contact for pricing
      0.80 Acres

      EADO Medical Office Building

      Vacant, 5,591 SF, 0.8 Acres
      3150 Polk St, Houston, TX 77003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      148,200 SF

      Houston Flex/Warehouse Space Available

      148,200 SF Industrial Space, Multiple Tenants
      3401 Navigation Blvd, Houston, TX 77003
      View Details
    • $12 SF/Yr
      6,000 SF

      Houston Industrial Flex Space

      6,000 SF Flex Space - East Downtown
      1901 Hussion St, Houston, TX 77003
      View Details
    • Contact for pricing
      320,000 SF

      East Blocks: Prime Houston Space

      Modern Houston Office & Distribution Space
      2215 Mckinney St, Houston, TX 77003
      View Details
    • Contact for pricing
      15,787 SF

      EADO Retail Space: Houston, TX

      Prime EaDo Retail Opportunity: Multiple Suites Available
      1102 Delano St, Houston, TX 77003
      View Details
    • Contact for pricing
      13,481 SF

      Prime Houston Executive Office Space

      13,481 SF Single-Tenant Retail/Office
      1107 Hutchins St, Houston, TX 77003
      View Details
    • Contact for pricing
      33,000 SF

      815 Saint Charles St Office Space

      Historic Houston Office Building, Flexible Space Available
      815 St Charles St, Houston, TX 77003
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1005 Hutchins St
    Houston, TX 77003
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.