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    OFF-MARKET
    Banks

    120 8th St, Deer Park, TX 77536-2754

    6,991 SF 1.03 ac lot Built 1993
    Individually Owned 6-yr Hold ~ Est. High Equity
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Multi-War Veterans Protective Security LLC Security Service
    • The Next Chapter Cosmetics Cosmetic Store Beauty School
    • Deer Park Chamber of Commerce Business Service Center Advocacy Group
    • PROGRESSIVE -The Serrano Insurance Agency Insurance Agency
    • Under Pressure Massage Alternative Medicine Practice Spa & Massage Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Deer Park Chamber Of Commerce · 6 yrs held
    Deer Park Chamber Of Commerce
    since 2020
    2 recorded transactions
    2022
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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