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Property profile & analytics
OFF-MARKET Estimated value $610,000
Office buildings

617 Caroline St Houston, TX 77002-3538

18,160 SF 0.12 ac lot Built 1920
Entity Owned 11-yr Hold Free & Clear
Property ID
US82-3623076
Property summary
AI-generated overview

This exceptional commercial property located at 617 Caroline Street in the heart of downtown Houston presents a unique investment opportunity. The building offers a substantial 18,163 square feet of office space, ideal for a single tenant seeking a prominent location. The property is classified as both office and land, offering potential for future development or expansion. Given the "Single Tenancy" designation, this property is perfect for a business seeking a large, self-contained space. The absence of a listed total building square footage suggests the potential for significant customization and adaptation to suit a wide range of business needs. Its central downtown Houston location provides unparalleled access to major transportation arteries, amenities, and a thriving business community. This presents a rare chance to acquire a substantial, well-situated commercial property in a highly desirable area. The property's potential is further enhanced by its classification as both office and land, opening doors to various development possibilities. Serious inquiries are encouraged to explore the full potential of this significant commercial real estate offering. The property's size and location make it an attractive proposition for businesses seeking a strong presence in the dynamic Houston market. Further details regarding zoning and potential development options are available upon request. This is a prime opportunity to secure a substantial and strategically located commercial property in the heart of Houston's business district.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1920
Construction BRICK
Total area 18,160 SF
Lot 0.12 ac (5,371 SF)
APN 10720000006
UPID US82-3623076
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
  • 1920 Investments LLC Financial Advisor
  • Roshan Moayed Photography Photography Service (Bike/Boat/Book/etc) Store
  • Zarinkelk Engineering Services Inc Civil Engineer Structural Engineer
  • Franchise Companies LLC Consultant
  • L. D. Cowart & Associates Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
by Request
Comparable Approach Comparable
$660k
Blend (final) Blend
$610k
Owner & transaction history
1920 Investments LLC · 11 yrs held
1920 Investments LLC
since 2014
7 recorded transactions
2014
Price N/A
2014
Price N/A
2006
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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