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Buildings A & B 2715 Fannin St 4,326 SF 100% Leased Office Building Houston, TX 77002 $2,400,000 ($554.79/SF) 7.27% Cap Rate
INVESTMENT HIGHLIGHTS
- Two Medical Office Buildings
- Gated Security
- Easy Access
- Close Proximity to Downtown Houston and Medical Center
- Heavy Daytime Traffic
- Corner Lot
EXECUTIVE SUMMARY
2715 Fannin Street is a Midtown Houston office investment opportunity offered at $2,400,000, featuring ±4,766 SF of building space on a ±12,502 SF lot. The property generates $224,400 in gross revenue with a net operating income of $174,370 and a 7.27% cap rate, supported by a diverse tenant mix and long-term leases. Houston’s retail sector is experiencing strong growth, with vacancy rates down to 6.0% and average asking rents rising for the eleventh consecutive year to $19.30/SF. Multi-tenant sale prices have increased annually since 2012, while single-tenant assets command high sale prices and cap rates, making this a prime investment in a thriving market. All showings are by appointment only through Marcus & Millichap.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$200,400
|
$46.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$200,400
|
$46.32
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$48,663
|
$11.25
|
| Net Operating Income |
$151,737
|
$35.08
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $200,400 |
| Annual Per SF | $46.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $200,400 |
| Annual Per SF | $46.32 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $48,663 |
| Annual Per SF | $11.25 |
| Net Operating Income | |
|---|---|
| Annual | $151,737 |
| Annual Per SF | $35.08 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,326 SF
Building Class
B
Year Built/Renovated
1960/2013
Price
$2,400,000
Price Per SF
$554.79
Cap Rate
7.27%
NOI
$174,370
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,326 SF
Building FAR
0.34
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
None
Parking
27 Spaces (10.23 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Fenced Lot
- Security System
- Signage
- Kitchen
- Central Heating
- Reception
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (90)
Transit Score®
Excellent Transit (76)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 0190900000005 | Improvements Assessment | $557,862 (2025) |
| Land Assessment | $937,500 (2025) | Total Assessment | $1,495,362 (2025) |
PROPERTY TAXES
Parcel Number
0190900000005
Land Assessment
$937,500 (2025)
Improvements Assessment
$557,862 (2025)
Total Assessment
$1,495,362 (2025)
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Buildings A & B | 2715 Fannin St
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