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$5,000,000

NAL Estimated Property Value

1701 Heights Boulevard, Houston, TX, 77008

Off MarketInfo
Beds— Beds
Baths— Bath
Baths19,255 Sq Ft

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size42,602 sqft

Building Information

Year Built1900

Land Information

APN0201140000001
Lot Number1-7
SubdivisionHouston Heights
Land UseCommercial
Legal DescriptionLTS 1 THRU 7 BLK 118 HOUSTON HEIGHTS
Census Tract511302
Assessment Year2025

About this property

Along picturesque Heights Blvd sits one of the most iconic buildings in Heights architectural history…Lambert Hall. Together with the Heights Christian Church and Education wing, this property is nearly an acre of history on one city block. Originally built as a church in 1927, Lambert Hall later became an event venue housing Opera in the Heights and other productions w/ a nearly 300 person seating capacity consisting of orchestra/balcony levels rich in history. Other features of Lambert Hall are the front lobby, dressing rooms, offices, restrooms & downstairs Fellowship Hall w/ kitchen + storage space. The new church (1965) is a modern assembly for services featuring a 2 level sanctuary, lobby, offices, restrooms & storage. The Education wing (1953) consists of 12 studio/office spaces + restrooms. Off street parking in 2 locations + circular drop off in front of the playground. Contributing structures in the Houston Heights historic district/please contact HAHC for additional info.

Investor Tools

Property Icon
$5,000,000
Estimated Property Value
$6,263,836Estimated Mortgage Balance
$5,000,000Estimated Equity
-25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$30,000 /month
Positive
Cash Flow Estimate:
$10,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
N/A
2025
N/A
N/A
N/A
Yes (2022)

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
N/A

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
1701 Heights Lenders Llc
Purchase Money Mortgage
$4,000,000
No
First
Sep 2, 2022
Dec 2024

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$6,263,836
N/A
N/A
N/A
$39,302/mo

City: Houston

1701 Heights Boulevard | Property Details | No Agent List