Property profile & analytics
5110 Griggs Rd Houston, TX 77021-3231
- Commercial real estate
- 20,755 SF
- 0.34 lot acres
OFF-MARKET
Value Estimations
$4,015,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US83-0459118
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
- Chop TV / Radio Station / Telecommunications Service
- J Designer Eyewear / Ophthalmologist / (Bike/Boat/Book/etc) Store
- University of Houston / University
- overheaddoorhouston / Construction Company / General Contractor
- Village at Palm Center / Apartment Complex
Property Details for 5110 Griggs Rd
- Year built
- 2015
- Construction
- BRICK
- Lot size
- 0.34 lot acres
- Property size
- 20,755 SF
- Property type
- Commercial real estate
- APN
- 1394520000001
- APU
- 1394520000001
Description
The Village at Palm Center, a Class A office complex in Houston, Texas, offers a variety of traditional and creative office spaces. This 276,000 square foot property, built in 2016, features eleven buildings with four stories each and boasts 222 suites. Units range from a minimum of 2,657 square feet to a maximum contiguous space of 5,952 square feet, with 13,525 square feet currently vacant. The property sits on a 4.89-acre lot (375,897 square feet) and includes ample open parking. Building amenities include 20-foot ceilings, elevators, and readily available power. Located at 5110 Griggs Rd, Houston, TX 77021, near Martin Luther King Blvd, this property offers a prime location in Harris County. Property taxes are $21 per square foot. The building's load factor is 1. The zoning is not available. The APN is 1394520000001.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,565,000
- 6.5%
- $4,215,000
- 7%
- $3,915,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,814,000
Market price range: $1.57M - $4.53M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,060,000 Current use
- RESTAURANT
- $2,835,000 Change: -7% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,805,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3381
- Latitude
- 29.6978
- 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
2022
$44,406
$357,264
$2,153,429
$2,510,693
-
$357,264
$2,153,429
$2,510,693
