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480 North Belt Fwy
Houston, TX 77060
480 North Belt · Office Property For Sale
Executive Summary
Data center investment opportunity
• Nearly vacant building (currently 18.80% occupied) that can quickly be developed into a +/- 3.5 MW data center with
potential to grow to +/- 8.5 MW, with significantly reduced lead times compared to ground-up construction.
• Existing power infrastructure and building systems significantly reduce capital expenditure versus new development, accelerating the path to stabilized returns.
• Opportunity to acquire an almost vacant asset at a discount to replacement cost and unlock value through conversion into a high-demand use.
• Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications, offering investors multiple exit and leasing strategies
• Over $175,000 in capital improvements since 2020, including roof and HVAC improvements and building renovations.
• Nearly vacant building (currently 18.80% occupied) that can quickly be developed into a +/- 3.5 MW data center with
potential to grow to +/- 8.5 MW, with significantly reduced lead times compared to ground-up construction.
• Existing power infrastructure and building systems significantly reduce capital expenditure versus new development, accelerating the path to stabilized returns.
• Opportunity to acquire an almost vacant asset at a discount to replacement cost and unlock value through conversion into a high-demand use.
• Well-suited for a variety of high-value alternative uses including a corporate campus, call center, or other commercial applications, offering investors multiple exit and leasing strategies
• Over $175,000 in capital improvements since 2020, including roof and HVAC improvements and building renovations.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
101,510 SF
Building Class
B
Year Built/Renovated
1982/2008
Percent Leased
19%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
35,000 SF
Slab To Slab
10’
Building FAR
0.50
Lot Size
4.69 AC
Opportunity Zone
Yes
Parking
250 Spaces (3.46 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Conferencing Facility
- Security System
Property Taxes
| Parcel Number | 1086220000002 | Improvements Assessment | $1,021,699 |
| Land Assessment | $1,225,194 | Total Assessment | $2,246,893 |
Property Taxes
Parcel Number
1086220000002
Land Assessment
$1,225,194
Improvements Assessment
$1,021,699
Total Assessment
$2,246,893
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