675 Bering Dr, Houston, TX 77057
- Office buildings
- 143,889 SF
- 2.00 lot acres
Current Use by Public Records
- Comfort Systems USA Inc. / HVAC Service / General Contractor
- House Pilates / Gym & Fitness Center
- The MediSearch Institute, PLLC / Medical Clinic
- Don Karotkin, Attorney at Law / Law Firm
- The Meyer Law Firm / Law Firm
Property Details for 675 Bering Dr
- Year built
- 1982
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.00 lot acres
- Property type
- Office buildings
- APN
- 681070000048
- APU
- 681070000048
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 18, 2011 | — | Beaumont Crossroads Ltd | — | Deed Of Trust · related | $14.3M · Amegy Bank NA |
| Apr 23, 2008 | — | Beaumont Crossroads Ltd | Sawyer 602 | Grant Deed | $14.3M · Bering Financial LLC |
| Jan 7, 1998 | — | 675 Bering Drive Corp | Aig Realty INC | Grant Deed · related | — |
| — | — | Beaumont Crossroads Ltd | — | Loan Modification · related | $13.5M · Amegy Bk |
| — | — | Sawyer 602 LP | — | Deed Of Trust · related | $8.5M · Wells Fargo Bank |
| — | — | Griffin Partners 675 Bering LP | — | Deed Of Trust · related | $15.2M · Tremont Mortgage Trust (ct) |
Description
This exceptional investment opportunity presents a Class B, eight-story office building totaling 135,641 square feet situated on a 2-acre lot in Houston's desirable Galleria/Uptown submarket at 675 Bering Drive, zip code 77057. Built in 1982 and renovated in 2009, the property boasts a 76% occupancy rate across its multi-tenant configuration. The building offers modern amenities and flexible floor plans within a well-maintained structure. Ample parking is available, with a ratio of 480 spaces per 1,000 square feet. Located in Harris County, Texas, this asset presents significant upside potential for investors due to the strong market fundamentals and current lease-up opportunity in this thriving area. The property's prime location and attractive risk-adjusted investment profile make it a compelling opportunity for value-add acquisition. This is a single building with eight stories, offering a sophisticated office space in a prestigious submarket. The property's strong market position and current occupancy provide a solid foundation for future growth and return on investment.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,660,000
Market price range: $941k - $7.40M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,415,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $4,970,000 Change: +13% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4788
- Latitude
- 29.7614
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
