3500 Main St 357, Houston, TX 77002 – Retail - Multiple Occupancy

RetailYear Built 1940Total Assessed Value $72,571,192County Harris

Property Details

The Retail property 3500 Main St 357, Houston, TX 77002 is located in Harris County. The specific property type is Retail - Multiple Occupancy. The total assessed value of this property is $72,571,192.

The gross building area is 260,556 square feet and the land area is 125,671 square feet for this Retail - Multiple Occupancy built in 1940.

Legal description: Res A Blk 1 Midmain

$72,571,192

Market Value

8.40%

Cap Rate

N/A

NOI

N/A

Occupancy

$4,077

Avg Rent

Property Image of 3500 Main St 357, Houston, TX 77002, Retail

1 / 3

Property Information

Property TypeRetail

Sub Property TypeRetail - Multiple Occupancy

Building Area260,556

Land Size125,671

Land Value$12,567,100

Improved Value$60,004,092

Total Assessed Value$72,571,192

Year Built1940

County NameHarris

Account Number1355840010001

Cap Rate8.40%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space924

HeatingForced air unit

PoolSwimming Pools

Type ConstructionConcrete

Garage TypeParking Garage

Bathrooms25

PatioAvailable

Access Gates1

Business Center1

Valet Trash1

Furnished Units1

Walk-in Closets1

Concierge1

Granite Countertops1

Steel Appliances1

Number of Units357

Elevator

Exterior WallsConcrete block

Sales History

This details prefers to stay low-key.

Loading Sale History...

Mortgage History

9/13/2021

Helocs both purchase money and non purchase money helocs$80,500,000

Borrower

Mid Main Properties Lp

Lender

Th Commercial Mortgage Llc

Book Number

2021.531381

Recording Date

9/13/2021

Transaction Details

Mid Main Properties Lp borrowed the property from Th Commercial Mortgage Llc through a Helocs both purchase money and non purchase money helocs transaction on 9/13/2021 for $80,500,000.

6/28/2019

Arms length residential transactions purchase or resales$80,000,000

Borrower

Mid Main Properties Lp

Lender

Book Number

2019.279532

Recording Date

6/28/2019

Transaction Details

Mid Main Properties Lp borrowed the property from through a Arms length residential transactions purchase or resales transaction on 6/28/2019 for $80,000,000.

12/28/2016

Sale$5,000,000

Borrower

Mid Main Properties Lp

Lender

International Bank Of Commerce

Book Number

2016.583108

Recording Date

12/28/2016

Transaction Details

Mid Main Properties Lp borrowed the property from International Bank Of Commerce through a transaction on 12/28/2016 for $5,000,000.

12/22/2016

Sale$5,000,000

Borrower

Mid Main Propertiese Lp

Lender

Amerisource Funding Inc

Book Number

2016.575293

Recording Date

12/22/2016

Transaction Details

Mid Main Propertiese Lp borrowed the property from Amerisource Funding Inc through a transaction on 12/22/2016 for $5,000,000.

Property constructed in 1940

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	$12,567,100	$61,619,072	$74,186,172	$74,186,172	Midmain Properties L...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556
2025	$12,567,100	$60,004,092	$72,571,192	$72,571,192	Midmain Properties L...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556
2024	$12,567,100	$58,847,108	$71,414,208	$71,414,208	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556
2023	$12,567,100	$54,391,702	$66,958,802	$66,958,802	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	MIDMAIN RESERVE A	125,671	260,556
2022	$12,567,100	$38,682,900	$51,250,000	$51,250,000	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	MIDMAIN RESERVE A	125,671	260,556
2021	$12,567,100	$35,932,900	$48,500,000	$48,500,000	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	MIDMAIN RESERVE A	125,671	260,556
2020	$9,425,325	$38,791,967	$48,217,292	$48,217,292	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556
2019	$9,425,325	$35,474,675	$44,900,000	$44,900,000	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556
2018	$9,425,325	$33,858,158	$43,283,483	$43,283,483	Mid-main Properties ...	2701 Westheimer Rd U...	RES A BLK 1 MIDMAI...	5958.06	-	223,449	260,556
2017	$9,425,325	$31,661,219	$41,086,544	$41,086,544	Mid-main Properties ...	2701 Westheimer Rd U...	Res A Blk 1 Midmain	5958.06	-	125,671	260,556

Showentries

Showing 1 to 10 of 12 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 ↕
3500 Main St 357, Houston, TX 77002	1355840010001	Retail	Retail - Multiple Occupancy	Midmain Properties Lp	Harris	-	-	-	-	1940	260,556	357
5000 Spring Hill Mall, West Dundee, IL 60118	03-22-301-005	Retail	Retail - Multiple Occupancy	West Dundee, Village Of	Kane	946.3	$ 2,000,000	2023-09-06	$ 10.35	1981	193,179	-
3017 Daniels Rd, Winter Garden, FL 34787	35-22-27-9398-03-010	Retail	Retail - Multiple Occupancy	Ddr Winter Garden Llc	Orange	841.3	$ 165,000,000	2025-08-01	$ 276.23	2007	597,319	-

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 ↕
—	3500 Main St 357, Houston, TX 77002	—	-	125,671	1940	260,556	$ 72,571,192	$ 12,567,100	-
Velocity Commercial Cap Llc	3715 Canal St, Houston, TX 77003	08/14/2025	$ 250,000	8,084	1955	2,936	$ 597,946	$ 420,368
Prosperity Bank	1002 N San Jacinto St, Houston, TX 77002	07/10/2025	$ 50,000	4,410	1916	2,860	$ 281,077	$ 110,250
Allegheny Casualty Company	1002 N San Jacinto St, Houston, TX 77002	06/23/2025	$ 188,000	4,410	1916	2,860	$ 281,077	$ 110,250
Briarbrook Funding Llc	4109 Mckinney St, Houston, TX 77023	06/02/2025	$ 1,145,000	10,000	1922	3,152	$ 308,611	$ 300,000	4109 Mckinney Llc
Southtrust Bank Na	2402 Rice Blvd, Houston, TX 77005	05/02/2025	$ 2,500,000	12,000	1946	7,600	$ 3,305,713	$ 1,320,000	Kensinger Properties Limited
Integrity Bank Ssb	91 S Lockwood Dr, Houston, TX 77011	04/23/2025	$ 2,875,000	6,860	1950	2,520	$ 432,000	$ 356,720	Sv Ig Amj7 Llc
Home Bank	1141 E 11th St, Houston, TX 77009	03/21/2025	$ 4,360,000	10,000	1920	7,860	$ 2,098,595	$ 1,100,000	Conrad Investment Co Llc
Gulf Capital Bank	3330 Richmond Ave, Houston, TX 77098	03/07/2025	$ 600,000	5,353	1993	3,936	$ 890,102	$ 535,300	Dynasty Btc Llc
R & K Scott Llc	7022 Scott St, Houston, TX 77021	02/26/2025	$ 185,000	27,800	1960	8,280	$ 1,212,332	$ 834,000	Scott 5 Group Llc
Stellar Bank	4530 Griggs Rd, Houston, TX 77021	01/27/2025	$ 175,000	37,366	1945	11,450	$ 1,774,522	$ 1,120,980	Hartford Investment Inc

Mean$ 1,898,488

Median$ 1,160,000.0

Loan Amount Range$ 50,000 - $ 20,000,000

Showing 1 to 10 of 26 entries

Loading Lenders...

Tenant Details

Loading Tenant Details...

Loading Tenants...

License Details

This details prefers to stay low-key.

Loading License Details...