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8209 Howard Dr 8209 Howard Dr 2,585 SF 100% Leased Office Building Houston, TX 77017 $490,000 ($189.56/SF) 2.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Near to I-45 South. Medical Center and Downtown. Great access for any type of commercial use.
EXECUTIVE SUMMARY
Great Commercial property or multifamily rental! Near Hobby Airport, Downtown and the Texas medical Center. Minutes from I-45! On a Street that has lots of business this property is just waiting for your. The Main house has an entry area perfect to be used as reception, spacious and open area that can serve as offices and/or become cubicles, with a kitchen for everyone. Three bedrooms/offices and a full bath. The guest quarters has been an income producing space for year and has a fantastic terrace space for multiple uses. This recently remodeled house is made out of full concrete. It has fairly new roof and recently laminate floors install.
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 |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 | $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 or Owner User
Property Type
Office
Building Size
2,585 SF
Building Class
B
Year Built
1938
Price
$490,000
Price Per SF
$189.56
Cap Rate
2.72%
NOI
$13,322
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
2,585 SF
Building FAR
0.35
Lot Size
0.17 AC
Zoning
None - Gentrify to Commercial
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8209 Howard Dr | 8209 Howard Dr
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