1014 Pr St Houston, TX 77002
Property profile & analytics
1014 Pr St Houston, TX 77002
- Commercial real estate
- 13,500 SF
- 0.12 lot acres
Property ID
US82-3356682
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.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 1014 Pr St
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.12 lot acres
- Property size
- 13,500 SF
- Property type
- Commercial real estate
- APN
- 1472800010001
- APU
- 1472800010001
Description
This exceptional redevelopment opportunity presents a fully approved 19-unit apartment project situated in Houston's vibrant Market Square Historic District at 1014 Prairie St, Houston, TX 77002. The 14,338 square foot building, originally constructed in 1920 and currently vacant, boasts approved plans for a transformative renovation. These plans include a 1,750 square foot ground-floor retail space, 14 one-bedroom units, two two-bedroom units, and two studio units. A new fourth floor with patio terraces is also part of the approved design. The property sits on a 5,139 square foot lot and is a three-story building. This project is shovel-ready, offering significant potential for investors. The property is eligible for substantial tax incentives, including City, State, and Federal Historic Tax Credits, and benefits from its location in an Opportunity Zone. These incentives can significantly reduce tax liabilities and potentially provide bridge financing for construction. Its prime location near a food hall, bars, restaurants, Main Street, and the metro rail ensures high rental demand and strong investment potential. The asking price is $2,950,000, representing a price per unit of $155,263.16 and a price per square foot of $205.75. The property's APN is 0010560000004. The building could also be adapted for other uses.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,262,000
Market price range: $528k - $2.15M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,265,000 Current use
- RESTAURANT
- $1,420,000 Change: +13% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,260,000 Change: -0% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3615
- Latitude
- 29.7602
- 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
$18,075
$0.00
$0.00
$0.00
-
$0.00
$0.00
$0.00
