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6601 Sherman St 16,030 SF Specialty Building Offered at $1,265,000 in Houston, TX 77011
Investment Highlights
- Revitalization Area
- Parking, Gated, everything in place to customize
- Unique Opportunity for Church Building Conversion
Executive Summary
One of a kind church property presents a unique value-add investment opportunity combining in-place income, renovation upside, and significant land value. The asset includes 13 leasable suites (250–980 SF), a 2,150 SF gallery, and a 3,100 SF chapel, offering a flexible layout well-suited for office, creative, and event-driven uses.
The property requires , providing investors the opportunity to increase rents, improve occupancy, and drive NOI growth through a targeted renovation program. The existing configuration supports multiple revenue streams, including long-term leases and high-margin event rentals.
Situated on a valuable underlying parcel, the investment also offers long-term redevelopment potential, creating a compelling land play with downside protection and future upside (subject to zoning).
The asset is currently not functional and requires significant renovation, offering a clear path to reposition, stabilize, and unlock higher returns.
Investment Highlights:
Heavy value-add opportunity requiring renovation
Full repositioning potential for higher rents and stabilized NOI
Flexible layout supporting multiple commercial uses
Strong land value with redevelopment upside
This offering is ideal for investors seeking to execute a renovation and lease-up strategy or capitalize on the long-term development potential of a well-located site.
The property requires , providing investors the opportunity to increase rents, improve occupancy, and drive NOI growth through a targeted renovation program. The existing configuration supports multiple revenue streams, including long-term leases and high-margin event rentals.
Situated on a valuable underlying parcel, the investment also offers long-term redevelopment potential, creating a compelling land play with downside protection and future upside (subject to zoning).
The asset is currently not functional and requires significant renovation, offering a clear path to reposition, stabilize, and unlock higher returns.
Investment Highlights:
Heavy value-add opportunity requiring renovation
Full repositioning potential for higher rents and stabilized NOI
Flexible layout supporting multiple commercial uses
Strong land value with redevelopment upside
This offering is ideal for investors seeking to execute a renovation and lease-up strategy or capitalize on the long-term development potential of a well-located site.
Property Facts
Amenities
- Controlled Access
- Signage
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0390210000058 | Improvements Assessment | $1,754,645 |
| Land Assessment | $630,000 | Total Assessment | $2,384,645 |
Property Taxes
Parcel Number
0390210000058
Land Assessment
$630,000
Improvements Assessment
$1,754,645
Total Assessment
$2,384,645
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6601 Sherman St
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