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$683,008

NAL Estimated Property Value

2010 W Alabama St, Houston, TX, 77098

$710,640 ARVInfo
Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,556 Sq Ft
price_per_sqft$351.72 / sqft
Year BuiltBuilt in 1935

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating Forced Air UnitHeating Forced Air Unit
CoolingCooling

Exterior

Lot Size5,249 sqft

Building Information

Year Built1935

Land Information

APN0260550010003
Lot Number3
SubdivisionMelrose Place
Land UseCommercial
Legal DescriptionLT 3 BLK 1 MELROSE PLACE
Census Tract410802
Assessed Land Value$603,750
Assessed Improvement Value$79,258
Assessment Year2025

About this property

Mixed use commerical building for sale in the booming center of town on W Alabama. Walking distance to the Menil, area restaurants, and other businesses. An abundance of parking in the front and back of the property. Income producing property currently tenant occupied. Bar business tenant on the first floor + residential 2 bedroom rental on the second. This property is being sold with 2006 W Alabama, also listed on the MLS.

Investor Tools

Property Icon
$683,008
Estimated Property Value
$627,770Estimated Mortgage Balance
$55,238Estimated Equity
8% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$710,640
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,394 /month
Positive
Cash Flow Estimate:
$1,798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,459/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,091
$683,008
2025
$603,750
$79,258
$683,008
No

Tax History

Year
Tax Paid
Assessed Value
2024
$14,091
$683,008

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wymes Real Estate Holdings Lp
Purchase Money Mortgage
$640,000
No
First
Apr 30, 2025
Nov 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$627,770
$55,238
8%
92%
$3,838/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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2010 W Alabama St | Property Details | No Agent List