Technical
Financial
Distress signals
Property profile

12623 Jones Rd Houston, TX 77070

FOR SALE
Office buildings
Property ID
US82-3890236
5,484 SF 0.6 ac lot Built 1981
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,070 square foot office building, situated on a 0.6-acre lot at 12623 Jones Road in Houston, Texas, presents a unique investment opportunity. Built in 1995 and renovated in 2016, the property boasts a prime location in Northwest Houston, offering excellent visibility and signage with 105 feet of frontage on Jones Road. The building features multiple private offices, a spacious bullpen area, a conference room, a large lobby, and a reception area complete with granite counters and a kitchen area including a private restroom. Ample parking is available on an 11,000 square foot paved area. This property benefits from its location in a high-density residential and commercial area, providing convenient access to major employers such as Hewlett Packard, Methodist Willowbrook Hospital, The Vintage shopping center, and St. Luke's at The Vintage hospital. The high traffic volume of over 37,900 vehicles daily on Jones Road and over 51,000 vehicles daily on FM 1960/Cypress Creek Parkway ensures significant exposure. The property is located in Harris County and within the Cy-Fair Independent School District. This NNN leased, single-tenancy building is available for sale or lease. The property is classified as both Executive and Traditional Office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction BRICK
Total area 5,484 SF
Lot 0.6 ac (25,940 SF)
APN 460560000027
UPID US82-3890236

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
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency
  • Real Estate Agency

Location

12623 Jones Rd Houston, TX 77070
Houston metro Census 552303 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$673k
Blend (final) Blend
$370k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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