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Property profile & analytics
OFF-MARKET
Office buildings

1415 Franklin St Houston, TX 77002-2146

4,898 SF 0.11 ac lot Built 1985
Individually Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US82-3468137
Property summary
AI-generated overview

This exceptional two-story executive office building, located at 1415 Franklin Street in Houston, Texas, 77002, offers a compelling investment opportunity. The 4,898 square foot building sits on a 5,000 square foot lot and boasts 8-9 parking spaces. Constructed in 1985, the property features a recently updated roof. Currently, the building is partially owner-occupied and partially leased, providing immediate income potential. The 2019 property taxes were $18,405.00. This prime location offers unparalleled convenience, situated just four blocks from Main Street and within walking distance of the Harris County Courthouse. Furthermore, its proximity to the Buffalo Bayou Beautification Project adds to its desirability. This well-maintained building presents a rare chance to acquire a thriving executive office space in a highly sought-after Houston location. The property's size, location, and existing lease agreements make it an attractive investment for discerning buyers. Serious inquiries are encouraged.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction STEEL FRAME
Total area 4,898 SF
Lot 0.11 ac (5,001 SF)
APN 10100000001
UPID US82-3468137
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
  • Bayou City Bail Bonds Law Firm
  • Elite Limousines of Houston Limousine Service Bus Charter
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Troy D Mclehany · 5 yrs held
Troy D Mclehany
since 2021
3 recorded transactions
2021
Price N/A
2016
Price N/A
2004
$302,976
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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