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304 S Lockwood Dr 2,000 SF Vacant Retail Building Houston, TX 77011 $325,500 ($162.75/SF) 8.49% Cap Rate
Investment Highlights
- High traffic count and near a Metro Light Rail stop.
- Updated/ Renovated 2021
- Priced Below Tax Value (appraisal district value $430,748)
- Perfect Retail/ Office for attorney, doctor or dentist.
- Value Add Opportunity
Executive Summary
Open your Business here as Owner/ Occupant. Perfect for Law Office, Optometry , Chiropractor Clinic, Physical Therapy Clinic, Art Studio/ Gallery, Therapy, Counseling, Dry Cleaner, Laundromat, To Go Deli, light retail, small cafe / bakery / sandwich shop, Store front. Value Add opportunity with improvements. Buyer to verify all dimensions. DO NOT DISTURB TENANTS.
Financial Summary (Actual - 2023) 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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) 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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Commuter Rail
- Courtyard
- Fenced Lot
- Metro/Subway
- Raised Floor
- Signage
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
17,769 Cars Per Day on Lockwood. Rapidly developing East End /next to Hike and Bike Trail! Steps from Metro Rail!. NEW ROOF (2025) NEW WATER HEATER (2025) Office/ Retail/ Art Studio Duplex. +/- 2,000sf building with Suite A is 900sf and Suite B 1100sf. Can be for your own Business as Owner/ Occupant as well. Perfect for Law Office, Optometry , Chiropractor Clinic, Physical Therapy Clinic, Art Studio/ Gallery, Yoga Studio, Therapy, Counseling, Dry Cleaner, Laundromat, To Go Deli, light retail, small cafe / bakery / sandwich shop, Boutique, Store front. Value Add opportunity with improvements. Tenant/Buyer to verify all dimensions. DO NOT DISTURB TENANTS.
| Space | Size | Space Use | Position | Available |
| B | 1,100 SF | Office/Retail | - | Now |
B
| Size |
| 1,100 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
B
| Size | 1,100 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
17,769 Cars Per Day on Lockwood. Rapidly developing East End /next to Hike and Bike Trail! Steps from Metro Rail!. NEW ROOF (2025) NEW WATER HEATER (2025) Office/ Retail/ Art Studio Duplex. +/- 2,000sf building with Suite A is 900sf and Suite B 1100sf. Can be for your own Business as Owner/ Occupant as well. Perfect for Law Office, Optometry , Chiropractor Clinic, Physical Therapy Clinic, Art Studio/ Gallery, Yoga Studio, Therapy, Counseling, Dry Cleaner, Laundromat, To Go Deli, light retail, small cafe / bakery / sandwich shop, Boutique, Store front. Value Add opportunity with improvements. Tenant/Buyer to verify all dimensions. DO NOT DISTURB TENANTS.
Nearby Major Retailers
Property Taxes
| Parcel Number | 0280100000007 | Total Assessment | $469,705 (2025) |
| Land Assessment | $312,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $157,705 (2025) | Tax Year | 2023 Payable 2024 |
Property Taxes
Presented by
304 S Lockwood Dr
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