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    Property profile & analytics
    OFF-MARKET Estimated value $24,780,000
    Office buildings

    2925 Richmond Ave, Houston, TX 77098-3130

    619,415 SF Built 2014
    Entity Owned Free & Clear
    Property ID
    US82-9267623
    Property summary
    AI-generated overview

    This Class A office building, Spaces Kirby Grove, located at 2925 Richmond Ave, Houston, TX 77098, offers 25,057 square feet of versatile workspace in Harris County. Currently, 5,650 square feet are available, divisible into units as small as 50 square feet, with a maximum contiguous space of 1,300 square feet. The building features 350 total suites, catering to various business needs, from traditional office setups to coworking and creative office spaces. Renovated in 2019, the property includes elevators and provides convenient access to Highway 59. Its location in the Upper Kirby District offers a vibrant atmosphere, with proximity to Levy Park and numerous shops and restaurants. This is an ideal location for businesses seeking a flexible and inspiring work environment in a thriving community. The building offers a variety of office subtypes including traditional, executive, coworking, and creative office spaces, making it suitable for a wide range of businesses and professional needs. The building's modern amenities and convenient location make it a highly desirable property for businesses of all sizes.

    Property profile
    Verified
    Property type Office buildings
    Use group SKYSCRAPER/HIGH-RISE (COM OFFICES)
    Year built 2014
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 619,415 SF
    APN 1352150010002
    UPID US82-9267623
    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
    • TargetRecruit (Bike/Boat/Book/etc) Store Corporate Office
    • Cortland Service Establishment Business Management Consultant
    • Kiran's Restaurant
    • Nationwide Insurance: Nowlin Insurance Group LLC Insurance Agency
    • AutoVocity Transport Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $24.78M
    Blend (final) Blend
    $24.78M
    Owner & transaction history
    UPPER KIRBY REDEVELOPMENT AUTHORITY
    UPPER KIRBY REDEVELOPMENT AUTHORITY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $39.5M +21.4%
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