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$377,269

NAL Estimated Property Value

3621 Canal St, Houston, TX, 77003

$490,450 ARVInfo
Off MarketInfo
Beds— Beds
Baths— Bath
Baths3,251 Sq Ft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

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

Exterior

Lot Size4,604 sqft

Building Information

Year Built1955
Stories2

Land Information

APN0260660000001
Lot Number1
SubdivisionMerkels
Land UseCommercial
Legal DescriptionLT 1 & TR 2A BLK 8 MERKELS SEC 1
Census Tract310101
Assessed Land Value$239,512
Assessed Improvement Value$137,757
Assessment Year2025

About this property

Opportunity to acquire a corner commercial property/lot located in the heart of East Downtown (EaDo) Previously operated as a restaurant, the property is now in distressed condition and is best suited for a full renovation or complete redevelopment. This offering includes two contiguous parcels totaling 10,810 square feet of land, positioned on a high-visibility corner lot with ample on-site parking. Surrounded by new residential and commercial developments, the property is located just minutes from Downtown Houston, major freeways, and METRORail lines. The land prime location and the continued expansion of EaDo make this an ideal investment for developers, restaurateurs, or business owners seeking to establish a footprint in one of Houston’s most dynamic and rapidly transforming neighborhoods. Call to schedule a tour today!

Investor Tools

Property Icon
$377,269
Estimated Property Value
$0Estimated Mortgage Balance
$377,269Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$490,450
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,240 /month
Positive
Cash Flow Estimate:
$1,080 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$839/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,185
$377,269
2025
$239,512
$137,757
$377,269
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$8,185
$377,269

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$377,269
100%
0%
$0/mo

City: Houston

3621 Canal St | Property Details | No Agent List