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$2,035,715

1906 Johanna Dr, Houston, TX, 77055

Off MarketInfo
Baths0 Bath
Baths10,980 Sq Ft
Year BuiltBuilt in 1979

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.01 acres

Building Information

Year Built1979

Land Information

APN0700290070003
Lot Number3
SubdivisionHillendahl Acres
Land UseIndustrial
Legal DescriptionLT 3 BLK 6 HILLENDAHL ACRES
Census Tract520400
Assessed Land Value$879,000
Assessed Improvement Value$1,156,715
Assessment Year2025

About this property

INVESTORS!! This property is located in the heart of Spring Branch, it features a total of 21,000 sq ft warehouse space, of that is 2,000 sq ft of insulated warehouse with 18' clear height, 7,300 sq ft of full HVAC warehouse with suspended tile ceilings, 2,700 sq ft of full HVAC office, and 148' frontage. 44,050 sq ft lot, all concrete no gravel, drive-thru driveway. Perfect location, great opportunity for an income-generating property. Recent survey and phase I available upon request. You may drive by but please schedule an appointment to walk the property.

Investor Tools

Property Icon
$2,035,715
Estimated Property Value
$1,222,731Estimated Mortgage Balance
$902,463Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,214 /month
Positive
Cash Flow Estimate:
$4,071 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,760/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$22,941
$2,035,715
2025
$879,000
$1,156,715
$2,035,715
No

Tax History

Year
Tax Paid
Assessed Value
2024
$22,941
$2,035,715

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Veritex Community Bank
Building Or Construction Loan
$1,222,731
No
First
Jun 17, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,133,252
$902,463
44%
56%
$7,331/mo

Learn About the Market: Opportunity in Houston

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Explore

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.

Explore Texas Explore This Area
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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1906 Johanna Dr | Property Details | No Agent List