6242 Richmond Ave, Houston, TX 77057-6212
- Auto shops
- 4,464 SF
- 0.56 lot acres
Current Use by Public Records
- Just Wheel Repair & Tires / Auto Parts Store
Property Details for 6242 Richmond Ave
- Year built
- 2001
- Construction
- METAL FRAME
- Lot size
- 0.56 lot acres
- Property type
- Auto shops
- APN
- 1217800010001
- APU
- 1217800010001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 2, 2018 | — | Adarsh Lodging LLC | — | Trustees Deed · related | $2.4M · Hometown Bk |
| Aug 31, 2012 | — | Tejdeep INC | Patriot Bk | Grant Deed | $506k · Patriot Bank NA |
| Jun 6, 2012 | — | Patriot Bk | Smith Michael J | Trustees Deed · related | — |
| — | — | Adarsh Lodging LLC | — | Loan Modification · related | $100k · Hometown Bk |
| — | — | Tejdeep INC | — | Loan Modification · related | $438k · Green Bk |
| — | — | Yanouri-houston Venture INC | — | Deed Of Trust · related | $867k · Patriot Bank NA |
| — | — | Yanouri-houston Ventures INC | — | Deed Of Trust · related | $960k · Patriot Bank NA |
| — | — | Yanouri-houston Venture INC | — | Deed Of Trust · related | $960k · Patriot Bank NA |
Description
This exceptional investment opportunity presents two fully leased, single-story warehouse buildings totaling 8,928 square feet, situated on Richmond Avenue near Houston's Galleria area. Built in 2001, this Class B property boasts a 100% occupancy rate since June 1, 2022, generating a current NOI of $125,400 (pro-forma NOI of $140,000) and a 5.97% cap rate (pro-forma 6.67%). The asking price is $2,100,000, translating to $235.22 per square foot. Each building features a 14-foot ceiling height. This multi-tenant property (two tenants) offers a strong, stable cash flow with significant potential for future appreciation in this high-demand commercial district. The property's prime location near major roadways and the Galleria provides excellent visibility and accessibility. The flexible usage allows for continued investment or owner-operator use. This is a rare opportunity to acquire a high-yield, fully leased asset in a thriving Houston commercial hub, offering both immediate income and long-term growth potential. The property's Harris County location, with APN 1217800010001, and ownership by Tajdeep Inc., further solidifies its investment value. The current annual gross revenue is $158,400. This net lease investment is categorized as industrial, mixed-use, and special purpose, with flex and warehouse subtypes, also including auto repair.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4931
- Latitude
- 29.7325
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
