Log In/Sign Up
Your email has been sent.
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)
1 of 91
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Buildings A & B | 2715 Fannin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.