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2925 Richmond Ave Houston, TX 77098-3130

OFF-MARKET Office buildings Google Maps
619,415 SF Built 2014
Entity Owned Free & Clear
Estimated value (blended)
$24.78M
Range $22.30M – $27.26M (±10%)
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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Service Establishment Business Management Consultant
  • Restaurant
  • Insurance Agency
  • 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

Zoning & alternative use

Top alternative use upside
Medical building $39.5M +21.4%

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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