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Property profile & analytics
OFF-MARKET Estimated value $2,575,000
High-rise multifamily apartments

1111 Rusk St 286 Houston, TX 77002-3421

433,082 SF 1.49 ac lot Built 1915
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-4393850
Property summary
AI-generated overview

The Star, located at 1111 Rusk St, Houston, TX 77002, presents a remarkable opportunity for retail businesses seeking a prominent location in the heart of Houston. This multi-tenant retail property boasts a total of 22,316 square feet, currently entirely vacant and ready for immediate occupancy. The flexible space allows for various configurations, with minimum divisible units of 1,743 square feet and a maximum contiguous space of 11,924 square feet. This presents an ideal situation for both smaller businesses seeking a manageable footprint and larger enterprises requiring substantial space. The property's address on Rusk Street ensures high visibility and accessibility, benefiting from significant foot traffic and convenient access to major transportation routes. The building's design and layout are well-suited for a variety of retail uses, making it an attractive option for a diverse range of businesses. With its strategic location and ample space, The Star offers an exceptional chance to establish or expand a retail presence in a thriving Houston market. The property is currently available for lease, providing immediate access to this prime retail location. Interested parties are encouraged to inquire for further details and leasing options. The property is classified as Commercial Retail.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1915
Construction BRICK
Total area 433,082 SF
Lot 1.49 ac (65,118 SF)
APN 10790000001
UPID US82-4393850
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Nash Restaurant
  • The Star Apartment Building Apartment Complex
  • Bolt Scooters Rusk Car Rental Facility
  • Texas Company Building Business Service Center Corporate Office
  • Bags Plus Some Clothing Store Religious Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.58M
Owner & transaction history
Development LP Rusk · 28 yrs held
Development LP Rusk
since 1998
4 recorded transactions
2017
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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