6712 Morningside Dr, Unit 33, Houston, TX 77030-1908
- Hotels
- 15,040 SF
- 0.65 lot acres
Current Use by Public Records
- Rodeway Inn & Suites Houston Near Medical Center / Hotel & Motel
Property Details for 6712 Morningside Dr
- Year built
- 1950
- Construction
- FRAME
- Lot size
- 0.65 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 410170090100
- APU
- 410170090100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 28, 2018 | — | Om Sai Med Center LLC | Radhe Krishna Med Center LLC | Warranty Deed · related | — |
| Mar 16, 2012 | — | Radhe Krishna Med Center LLC | Patel Nagarbhaik | Grant Deed | $1.6M · Plains State Bank |
| Oct 19, 1998 | — | Nagarbhai Patel | Sawan Investment Co | Grant Deed | $750k · Seller |
| — | — | Radhe Krishna Med Center LLC | — | Deed Of Trust · related | $1.7M · Plains State Bank |
| — | — | Nagarbhai K Patel | — | Deed Of Trust · related | $600k · Southwestern National Bank |
| — | — | Nagarbhai K Patel | — | Deed Of Trust · related | $630k · Capital Bank NA |
Description
This exceptional 28,144-square-foot retail storefront, located at 6712 Morningside Drive in Houston, Texas, presents a compelling investment opportunity. Situated in Harris County, zip code 77030, this unrestricted property boasts approximately 79 feet of frontage on Morningside Drive, offering excellent visibility and accessibility. Its strategic location places it just two city blocks from the high-traffic corridors of Kirby Drive and Bellaire Boulevard, ensuring significant foot and vehicular traffic. The property's proximity to both the renowned Medical District and Rice University provides a diverse and substantial customer base. This prime location offers significant potential for a variety of retail uses. The substantial square footage presents a great redevelopment opportunity for investors seeking to capitalize on the vibrant Houston market. The asking price per square foot is $150. This property is being offered for sale and represents a rare chance to acquire a significant retail asset in a highly desirable area of Houston. The property's address is easily accessible via major thoroughfares, providing convenient access for both customers and employees. This is an exceptional opportunity for investors seeking a high-impact retail investment in a rapidly growing area of Houston.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $965,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,335,000
- 6.5%
- $1,235,000
- 7%
- $1,145,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,405,000
- RETAIL STORES
- $1,110,000
- OFFICE BUILDING
- $1,045,000
- MEDICAL BUILDING
- $930,000
- APARTMENT HOUSE (5+ UNITS)
- $780,000
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4153
- Latitude
- 29.7072
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
