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120 8th St Deer Park, TX 77536-2754

OFF-MARKET Banks Google Maps
6,991 SF 1.03 ac lot Built 1993
Individually Owned 6-yr Hold ~ Est. High Equity
Estimated value (blended)
$525k
Range $473k – $578k (±10%)
Property ID US82-3432485

Property summary

AI-generated overview

This exceptional 8,009-square-foot executive office building, situated on a 1.13-acre lot (49,210 square feet), presents a compelling investment opportunity in Deer Park, Texas. Originally constructed in 1994 as a bank and extensively renovated in 2023, the building boasts a masonry exterior and offers ample parking with over 75 spaces. The property features three convenient driveways, including access from Center Street, a major north/south thoroughfare in Deer Park. Its General Commercial zoning makes it suitable for a variety of uses, including single or multi-tenant office spaces. The location is highly desirable, less than half a mile south of Highway 225 (Pasadena Freeway) and two miles east of Beltway 8, making it easily accessible. This prime location is ideal for businesses serving the industrial construction, engineering, and service sectors. The building sits outside the floodplain, offering peace of mind. The asking price is $1,950,000. This is a rare opportunity to acquire a well-maintained, updated office building in a thriving Texas location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1993
Construction BRICK
Total area 6,991 SF
Lot 1.03 ac (44,801 SF)
APN 631050000050
UPID US82-3432485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Security Service
  • Cosmetic Store Beauty School
  • Business Service Center Advocacy Group
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k

Owner & transaction history

since 2020
2 recorded transactions
2022
Price N/A
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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