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Property profile & analytics
OFF-MARKET Estimated value $1,580,000
Banks

3403 Richmond Ave Houston, TX 77046-3401

50,735 SF 2.21 ac lot Built 1966
Entity Owned Absentee Owner Free & Clear
Property ID
US82-2022887
Property summary
AI-generated overview

This exceptional mixed-use property, located at the southwest corner of Richmond Avenue and Buffalo Speedway in Houston, Texas (77046), presents a unique investment opportunity. The 42,334 square foot building, constructed in 1979, sits on a generous 2.21-acre lot (approximately 96,268 square feet). The three-story structure is classified as Class B and currently features three units, adaptable to a variety of uses. Its zoning allows for hospitality, multifamily, office, and retail uses, making it highly versatile. The property's prime location offers excellent visibility and accessibility, with proximity to Transwestern Development The RO. City of Houston utilities are in place. This location provides significant development potential for investors seeking to capitalize on the thriving Houston market. The property's size and zoning flexibility offer a wide range of redevelopment possibilities, from expanding existing uses to creating entirely new concepts. This is an exceptional opportunity to acquire a substantial property in a high-demand area with significant upside potential. The property's existing infrastructure and convenient location make it an attractive investment for both short-term and long-term growth.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1966
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 50,735 SF
Lot 2.21 ac (96,468 SF)
APN 410170050077
UPID US82-2022887
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
  • 713 Auto Insurance - Commercial & Trucking Insurance Agency
  • Sunny-Garage-_D00R LLC. Construction Company General Contractor
  • Chase Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.58M
Owner & transaction history
3403 RICHMOND REALTY
3403 RICHMOND REALTY
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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