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$2,400,000

1701 N Durham Dr, Houston, TX, 77008

Under ContractInfo
Baths0 Bath
Baths3,750 Sq Ft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size13,098 sqft

Building Information

Year Built1978
Stories1

Land Information

APN0201210000041
Lot Number41-44
SubdivisionHouston Heights
Land UseIndustrial
Legal DescriptionLTS 41 42 43 & 44 BLK 125 HOUSTON HEIGHTS
Census Tract511202
Assessed Land Value$1,310,000
Assessed Improvement Value$58,600
Assessment Year2025

About this property

19,650 sq. ft. lot located at the NWC of N. Durham Dr. and W. 17th Street. 131' frontage along N. Durham Dr. and 150' frontage along W. 17th St. Improved with a 3,750 sq. ft. metal warehouse built in 1978 and historically used as an auto repair shop. Five (5) grade-level, 10 x 10-foot overhead doors and one (1) grade-level, 14 x 16-foot overhead door. Approx. 840 sq. ft. interior built-out office space. Insulated warehouse space. Two (2) auto lifts. General deferred maintenance throughout. Property has been priced with little contributory value given to improvements.

Investor Tools

Property Icon
$1,368,600
Estimated Property Value
$0Estimated Mortgage Balance
$1,368,600Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$14,400 /month
Positive
Cash Flow Estimate:
$4,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,833/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$27,150
$1,368,600
2025
$1,310,000
$58,600
$1,368,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
$27,150
$1,368,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,368,600
100%
0%
$0/mo

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

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Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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