Property profile

15700 Vickery Dr Houston, TX 77032

OFF-MARKET
Office buildings
Property ID
US82-0840901
19,387 SF 5.48 ac lot Built 1983
Entity Owned 14-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 38,791-square-foot industrial flex building, located at 15700 Vickery Drive in Houston, Texas, presents a compelling investment opportunity. Built in 1983, this single-story structure sits on a generous 5.803-acre lot and offers a range of desirable features. The building boasts a 12'-16' ceiling height, providing ample vertical space for various uses. A single loading dock and overhead door ensure efficient loading and unloading. The property includes a wet sprinkler system for fire protection and benefits from three-phase power. The interior is climate-controlled, enhancing comfort and operational efficiency. Further enhancing its versatility, the building includes a Class 4 cleanroom, ideal for specialized operations. Constructed of brick, this property is durable and well-maintained. Its flexible design makes it suitable for a variety of businesses, including flex space, research and development, light manufacturing and assembly, office warehouse, medical facilities, general office space, or even religious uses. The property's prime location in Harris County, Texas, with a 77032 zip code, offers excellent access to major transportation routes and a thriving business community. The asking price is $3,900,000. This is a rare opportunity to acquire a well-equipped and versatile industrial property in a highly desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction BRICK
Total area 19,387 SF
Lot 5.48 ac (238,687 SF)
APN 1140270040002
UPID US82-0840901

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
  • Industrial Manufacturer Production Facility

Location

15700 Vickery Dr Houston, TX 77032-2522
Houston metro Census 241503 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$445k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2011
7 recorded transactions
2016
Price N/A
2011
Price N/A
2009
Price N/A
2008
Price N/A
1998
Price N/A
1997
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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