Technical
Financial
Distress signals
Property profile

6712 Morningside Dr 33 Houston, TX 77030

OFF-MARKET
Hotels
Property ID
US82-2598989
15,040 SF 0.65 ac lot Built 1950
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1950
Construction FRAME
Total area 15,040 SF
Lot 0.65 ac (28,144 SF)
APN 410170090100
UPID US82-2598989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

6712 Morningside Dr, Unit 33 Houston, TX 77030-1908
Houston metro Census 412202 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$965k
CAP Approach CAP
$1.24M
Comparable Approach Comparable
by Request
Blend (final) Blend
$910k

Owner & transaction history

since 2018
6 recorded transactions
2018
Price N/A
2012
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.4M +321.9%
Retail stores $1.1M +233.4%
Office building $1.0M +214.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6712 Morningside Dr, Unit 33?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message