107 Oak Park Dr Clute, TX 77531
Property profile & analytics
107 Oak Park Dr, Clute, TX 77531
- Office buildings
- 1,073 SF
- 7.83 lot acres
Property ID
US82-9070969
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
- Office buildings
Property Details for 107 Oak Park Dr
- Year built
- 2013
- Lot size
- 7.83 lot acres
- Property type
- Office buildings
- APN
- 6826-0500-110
- APU
- 68260500110
Description
This exceptional 32-unit apartment building, constructed in 2014, presents a compelling investment opportunity in Clute, Texas. The property boasts a total of 30,512 square feet of net rentable space, currently operating at 66% occupancy. The Class B building is situated on a prime 4.8-acre lot, offering significant potential for future development. Its strategic location adjacent to Highway 288 ensures convenient access to the entire trade area, making it an attractive proposition for residents and businesses alike. The property benefits from its proximity to major employers and educational institutions, including Brazosport College, Ogg Elementary School, Clute Intermediate, and Brazoswood High School, all within two miles. Furthermore, its location within the Houston MSA, the fifth-largest metro area in the country and second in population growth, guarantees a robust and expanding market. The thriving communities of Lake Jackson and Freeport, along with the presence of Dow Chemical Company, contribute to a strong and stable workforce demographic. This combination of existing income-generating units and substantial undeveloped land makes this property a rare find in a rapidly growing market. The property's 2014 construction ensures relatively low maintenance costs and modern amenities, further enhancing its investment appeal. This is a unique opportunity to acquire a well-positioned multifamily asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Clute
- County
- Brazoria
- State
- Texas
- Longitude
- -95.3937
- Latitude
- 29.0263
- 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
2018
$0.00
$390,020
$2,370,050
$2,760,070
-
$390,020
$2,370,050
$2,760,070
