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1835 Richmond Ave Houston, TX 77098-3509

OFF-MARKET Office buildings Google Maps
2,964 SF 0.12 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$385k
Range $347k – $424k (±10%)
Property ID US82-3805277

Property summary

AI-generated overview

This exceptional 2,800 square foot commercial property at 1835 Richmond Ave in Houston, Texas, presents a unique opportunity for businesses seeking a vibrant and accessible location. Situated in the heart of Montrose, this Class B building offers high visibility and easy access to major roadways, ensuring excellent connectivity throughout the city. Built in 1986, this two-story building features a single-tenant occupancy, providing flexibility and privacy. The property includes 10 total parking spaces within a gated area, offering convenience for staff and clients. The interior boasts large windows, creating a bright and welcoming atmosphere. The flexible layout is ideal for various uses, including traditional, creative, or executive office spaces, or even retail. The 0.12-acre lot provides ample space, and the building is equipped with no elevators. This property benefits from the high foot traffic and unique character of the Montrose neighborhood, known for its diverse shops, restaurants, and cultural attractions. This is an exceptional opportunity to establish your business in one of Houston's most desirable and dynamic areas.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction METAL FRAME
Total area 2,964 SF
Lot 0.12 ac (5,223 SF)
APN 660870010003
UPID US82-3805277

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
  • General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$370k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

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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