500 Dallas St, Houston, TX 77002 – Office Building High Rise 5+ stories

OfficeYear Built 1984Total Assessed Value $170,614,068County Harris

Property Details

The Office property 500 Dallas St, Houston, TX 77002 is located in Harris County. The specific property type is Office Building High Rise 5+ stories. The total assessed value of this property is $170,614,068.

The gross building area is 930,730 square feet and the land area is 82,106 square feet for this Office Building High Rise 5+ stories built in 1984.

Legal description: Tr 1A Blk 1 Allen Center U/R

$170,614,068

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 500 Dallas St, Houston, TX 77002, Office

1 / 3

Property Information

Property TypeOffice

Sub Property TypeOffice Building High Rise 5+ stories

Building Area930,730

Land Size82,106

Land Value$30,789,750

Improved Value$139,824,318

Total Assessed Value$170,614,068

Year Built1984

County NameHarris

Account Number1035350000009

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningA/C Access

HeatingForced air unit

Type ConstructionMasonry

No of Stories2

Elevator

Safety & SecurityCardkey Access

ServicesFood Service,Postal Service

TransportationTunnel Access

ClubHealth Club

Atrium1

Print Shop1

Exterior WallsGlass

Sales History

3/30/2015

Arms-lengthNot Disclosed

Buyer

Watco Transloanding Llc

Seller

Kinder Morgan Texas Terminals Lp

Book Number

20150307596

Recording Date

3/30/2015

Transaction Details

Watco Transloanding Llc acquired the property from Kinder Morgan Texas Terminals Lp through a Arms-length transaction on 3/30/2015 for .

5/12/2014

OtherNot Disclosed

Buyer

Rishi Kapoor

Seller

Book Number

Recording Date

5/12/2014

Transaction Details

Rishi Kapoor acquired the property from through a Other transaction on 5/12/2014 for .

4/8/2011

Arms-lengthNot Disclosed

Buyer

One Allen Center Co Llc

Seller

Cullen Allen Holdings Lp

Book Number

20110146681

Recording Date

4/8/2011

Transaction Details

One Allen Center Co Llc acquired the property from Cullen Allen Holdings Lp through a Arms-length transaction on 4/8/2011 for .

11/20/1996

Other$275,000,000

Buyer

Seller

Metropolitan Life Ins

Book Number

Recording Date

11/20/1996

Transaction Details

acquired the property from Metropolitan Life Ins through a Other transaction on 11/20/1996 for $275,000,000.

Property constructed in 1984

YSale Price (USD) byXSales Year

Loading Sale History...

Mortgage History

5/11/2011

Sale$650,000,000

Borrower

One Allen Center Co Llc

Lender

Wells Fargo Bank

Book Number

20110198607

Recording Date

5/11/2011

Transaction Details

One Allen Center Co Llc borrowed the property from Wells Fargo Bank through a transaction on 5/11/2011 for $650,000,000.

4/8/2011

Sale$265,000,000

Borrower

One Allen Center Co Llc

Lender

Wells Fargo Bank

Book Number

20110153061

Recording Date

4/8/2011

Transaction Details

One Allen Center Co Llc borrowed the property from Wells Fargo Bank through a transaction on 4/8/2011 for $265,000,000.

Property constructed in 1984

Loading Mortgage History...

Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$30,789,750	$133,035,745	$163,825,495	$163,825,495	One Allen Center Co ...	127 Public Square St...	Tr 1A Blk 1 Allen Ce...	5900.01	-	82,106	930,730
2025	$30,789,750	$131,694,970	$162,484,720	$162,484,720	One Allen Center Co ...	127 Public Square St...	Tr 1A Blk 1 Allen Ce...	5900.01	-	82,106	930,730
2024	$41,053,000	$127,340,190	$168,393,190	$168,393,190	One Allen Center Co ...	127 Public Square St...	Tr 1A Blk 1 Allen Ce...	5900.01	-	82,106	930,730
2023	$41,053,000	$134,432,558	$175,485,558	$175,485,558	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730
2022	$41,053,000	$139,091,184	$180,144,184	$180,144,184	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730
2021	$41,053,000	$140,850,168	$181,903,168	$181,903,168	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730
2020	$41,053,000	$155,447,000	$196,500,000	$196,500,000	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	-	82,106	930,730
2019	$41,053,000	$155,447,000	$196,500,000	$196,500,000	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730
2018	$41,053,000	$167,897,000	$208,950,000	$208,950,000	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730
2017	$41,053,000	$171,773,557	$212,826,557	$212,826,557	One Allen Center Co ...	Po Box 4900	Tr 1A Blk 1 Allen Ce...	5900.01	ALLEN CENTER U/R	82,106	930,730

Showentries

Showing 1 to 10 of 18 entries

Loading Assessment History...

Rent & Occupancy

Loading Rent & Occupancy...

Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
500 Dallas St, Houston, TX 77002	1035350000009	Office	Office Building High Rise 5+ stories	One Allen Center Co Llc Brookfield Properties, Prop Tax Dept	Harris	-	$ 275,000,000	1996-11-20	$ 295.47	1984	930,730	-
1401 Mckinney St, Houston, TX 77010	0011290000001	Office	Office Building High Rise 5+ stories	5 Houston Center Owner Lp	Harris	0.6	$ 192,185,000	2025-11-14	$ 316.38	2001	607,449	-
717 Texas St, Houston, TX 77002	0010590000001	Office	Office Building High Rise 5+ stories	717 Texas Lp Hines Interests Lp	Harris	0.5	$ 100,000,000	2025-03-04	$ 84.56	2002	1,182,525	-
3 Riverway, Houston, TX 77056	0451400050509	Office	Office Building High Rise 5+ stories	Rivercan Lp,dar 3 Riverwaylp	Harris	5.5	$ 5,400,000	2025-02-04	$ 12.91	1980	418,394	-
840 Gessner Rd 937, Houston, TX 77024	1193790010001	Office	Office Building High Rise 5+ stories	Memorial City 840 Llc	Harris	10.5	$ 59,850,000	2024-09-24	$ 174.53	1998	342,920	937
3100 S Gessner Rd Ste920, Houston, TX 77063	1093870000005	Office	Office Building High Rise 5+ stories	Gessner Prntrs Ltd	Harris	10.4	$ 3,059,000	2025-07-09	$ 10.62	1981	287,972	920
3600 W Sam Houston Pky S, Houston, TX 77042	1356710010001	Office	Office Building High Rise 5+ stories	Columbia Texas Westchase Park Land Llc	Harris	11.6	$ 55,727,000	2025-05-27	$ 190.99	2014	291,784	-
2425 W Loop S, Houston, TX 77027	0451400060400	Office	Office Building High Rise 5+ stories	Houston 2425 Galleria Llc National Bank Of Kuwait Michael Carter	Harris	5.3	$ 16,625,000	2025-02-12	$ 57.89	1979	287,207	-
575 N Dairy Ashford Rd 1750, Houston, TX 77079	1146810000011	Office	Office Building High Rise 5+ stories	Gvaoii 575 Dairy Ashford Llc	Harris	14.9	$ 47,000,000	2024-04-25	$ 146.26	2007	321,338	1750
3200 Sw Fwy, Houston, TX 77027	1403900010001	Office	Office Building High Rise 5+ stories	Phoenix Tower Houston Realty Lp	Harris	4.0	$ 57,420,090	2023-06-23	$ 64.80	1984	886,096	-
13785 Research Blvd, Austin, TX 78750	R496857	Office	Office Building High Rise 5+ stories	Fpg Aspen Lake Owner Lp	Williamson	153.7	$ 44,791,645	2025-08-06	$ 94.40	2007	474,472	-

Loading Comparables...

Nearby Lenders

Showentries

Search:

Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	500 Dallas St, Houston, TX 77002	—	-	82,106	1984	930,730	$ 170,614,068	$ 30,789,750	-
South State Bank Na	2101 Smith St, Houston, TX 77002	08/13/2025	$ 525,000	23,437	1962	14,893	$ 2,905,000	$ 1,757,775	Smith St Office Llc
Zions Bancorporation Na	1717 W Loop S, Houston, TX 77027	03/31/2025	$ 699,750	179,735	2014	484,899	$ 156,800,000	$ 26,960,250	Trinity Estate Homes Ltd
Zions Bancorporation Na	3000 Richmond Ave, Houston, TX 77098	02/24/2025	$ 4,500,000	130,231	1963	98,550	$ 13,946,127	$ 13,023,100	Kirby Ice House Holdings Llc
Weekley Homes Llc	3773 Richmond Ave, Houston, TX 77046	02/24/2025	$ 540,840	65,776	2015	234,414	$ 69,450,921	$ 4,933,200
Partners In Building Lp	3773 Richmond Ave, Houston, TX 77046	02/13/2025	$ 1,030,041	65,776	2015	234,414	$ 69,450,921	$ 4,933,200
Cadence Bank	1333 W Loop S, Houston, TX 77027	01/29/2025	$ 5,000,000	102,647	1971	298,100	$ 42,988,171	$ 9,623,156	Catalyst Funding Llc
Bas Concepts Llc	3773 Richmond Ave, Houston, TX 77046	12/05/2024	$ 1,786,000	65,776	2015	234,414	$ 69,450,921	$ 4,933,200
Jpmorgan Chase Bank Na	601 Jefferson St, Houston, TX 77002	12/02/2024	$ 335,000,000	51,532	1975	1,087,974	$ 120,365,639	$ 19,324,500	601 Jefferson Tower Tx Llc
03 Llc	3773 Richmond Ave, Houston, TX 77046	11/22/2024	$ 425,272	65,776	2015	234,414	$ 69,450,921	$ 4,933,200
Tnam Us Seller Ii Lp	1020 Holcombe Blvd, Houston, TX 77030	11/15/2024	$ 107,200,000	116,044	1962	682,502	-	-	Life Tower Owner Llc

Mean$ 29,027,192

Median$ 1,898,881.0

Loan Amount Range$ 145,000 - $ 335,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Showentries

Search:

Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
500 DALLAS ST STE 1000, HOUSTON, TX 77002-4718	K N GAS GATHERING INC	7133699000	OIL & GAS PRODUCERS
500 DALLAS ST STE 1400, HOUSTON, TX 77002-2096	BALDWIN, BRYAN AGT	7132762350	FINANCIAL ADVISORY SERVICES
500 DALLAS ST STE 1500, HOUSTON, TX 77002-2067	OLIVER WYMAN INC	7132762199	BUSINESS SERVICES NEC
500 DALLAS ST STE 1500, HOUSTON, TX 77002-2067	ARDOIN, VALERIE AGT	7132762152	INSURANCE AGENCIES & BROKERAGES
500 DALLAS ST STE 2000, HOUSTON, TX 77002-4727	TPC GROUP LLC	7136277474	IMPORTERS (WHLS)
500 DALLAS ST STE 1700, HOUSTON, TX 77002-4732	MIDSTATES PETROLEUM LLC	9189478550	PETROLEUM PRODUCTS (WHLS)
500 DALLAS ST STE 1800, HOUSTON, TX 77002-2067	MEMORIAL RESOURCE DEVELOPMENT	7135888300	OIL & GAS PRODUCERS
500 DALLAS ST STE T10, HOUSTON, TX 77002-4707	HOUSTON SHOE HOSPITAL	7137397410	LUGGAGE-REPAIRING
500 DALLAS ST STE 1500, HOUSTON, TX 77002-2067	MORRISON, TERRI L AGT	7132768776	INSURANCE
500 DALLAS ST STE 3300, HOUSTON, TX 77002-4719	MACQUARIE CAPITAL	7136514200	INVESTMENT BANKERS

Showing 1 to 10 of 74 entries

Tenant Industry Distribution

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...