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Property profile & analytics

407 Velasco St Houston, TX 77003-2427

  • Warehouses
  • 13,157 SF
  • 0.32 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US82-2656668
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Modern Green / Hotel & Motel / Resort

Property Details for 407 Velasco St

Year built
1925
Construction
BRICK
Lot size
0.32 lot acres
Property size
13,157 SF
Property type
Warehouses
APN
30100000006
APU
30100000006

Description

This exceptional 12,987 square foot commercial property at 407 Velasco Street presents a unique investment opportunity in Houston's vibrant Second Ward. Situated at the hard corner of Harrisburg Boulevard and Velasco Street, this strategically located building offers easy access to the MetroRail Green Line, placing tenants within close proximity to EaDo and other key areas. The building's 2,500 square feet of immediately available space is ideal for a variety of uses, including retail, light industrial, office space, or creative studios for artisans and artists. Three spaces are currently available, ranging from 1,840 to 4,340 contiguous square feet, allowing for flexibility in tenant needs. The building boasts high ceilings and a recently installed new roof. Its prime location offers convenient access from Harrisburg, Velasco, and Preston Streets, and is within walking distance of numerous restaurants, Shell Energy Stadium, and the Esplanade on Navigation. The 13,000 square foot lot provides ample space and potential for future expansion. This property is perfectly positioned to capitalize on the Second Ward's thriving arts district and burgeoning food scene, making it an attractive option for businesses seeking a unique and dynamic location. The building's multiple tenancy allows for diverse occupancy and potential for strong rental income.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Houston
County
Harris
State
Texas
Longitude
-95.3426
Latitude
29.7496
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,000
$483,000
$257,578
$740,578
-
$483,000
$257,578
$740,578
More about this property
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