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2601 Prospect St 4,118 SF 100% Leased Office Building Houston, TX 77004 $800,000 ($194.27/SF) 8.25% Cap Rate
Investment Highlights
- 2026 Renovations complete!
- Tenant improvement credits already accounted for (no future concessions)
- NVR Security Cameras convey
- Stabilized asset with newly executed 3-year lease (2026)
- PEX PLUMBING 2026!
Executive Summary
Stabilized, cash-flowing asset featuring a newly executed 3-year lease and approximately $66,000 in net operating income. The property has been recently renovated, requiring minimal near-term capital expenditures, and operates with low expenses for efficient ownership. Ideal for investors seeking a turnkey opportunity with immediate income and future rent growth potential. 13% scheduled rent increase in Year 3! NEW PEX plumbing throughout the entire building! NVR Security Camera system conveys! Option to purchase 2603 Prospect as well, which backs to this property!
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,118 SF
Building Class
C
Year Built/Renovated
1935/2026
Price
$800,000
Price Per SF
$194.27
Cap Rate
8.25%
NOI
$66,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,059 SF
Building FAR
0.34
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
Commercial - Zoned Commercial 061-126-035-0026
Parking
25 Spaces (6.07 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Courtyard
- Signage
- Wheelchair Accessible
- Reception
- Roof Terrace
- Storage Space
- Monument Signage
- Air Conditioning
- Balcony
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0611260350026 | Total Assessment | $729,360 (2025) |
| Land Assessment | $415,072 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $314,288 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0611260350026
Land Assessment
$415,072 (2025)
Improvements Assessment
$314,288 (2025)
Total Assessment
$729,360 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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2601 Prospect St
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