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9205 Mesa Dr 4,104 SF 50% Leased Flex Building Houston, TX 77028 $420,000 ($102.34/SF) 15.71% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-Use space with event center and separate leased office suite.
- High-traffic frontage on Mesa Dr. in active commercial corridor.
- Combo sale includes 2 properties- seller open to deal on adjacent third property.
- 50% leased with immediate rental income and owner-user opportunity.
EXECUTIVE SUMMARY
*9205 Mesa Dr: Event center (ballroom) with a separate office suite (Section B-currently leased at $1,250/month).
*8717 Sunderland Rd: Multi-office commercial building currently leased at $2,300/month.
The event center (Section A at 9205 Mesa) is vacant and estimated at 2,500 sq ft, ideal for owner occupancy or additional rental income.
* NOI reflects projected full occupancy at $66,600/year. Current income is approx. $42,600/year.
BUYER TO INDEPENDENTLY VERIFY all square footage, lease terms and financials.
Zoning information and specific permitted uses have not been independently verified. Buyer should contact the City of Houston for confirmation.
Excellent oppurtunity for investors seeking income-producing property with value-add potential in a growing commercial corridor.
***NOTE: Adjacent property at 9201 Mesa Dr. (currently listed seperately) is also available. Seller is open to a package deall if all three properties are purchsed together.
PROPERTY FACTS
ABOUT 9205 MESA DR , HOUSTON, TX 77028
9205 Mesa Dr. is a 4,104 SF freestanding commercial building situated on a 0.27-acre lot in Houston, Tx. The property is divided into two distint spaces: *Section A: A spacious ballroom-style event center with a private entrance, ideal for hosting community events, banquets, pop-up markets, church gatherings, or creative business use. *Section B: A separate leased office suite with steady monthly income, accesible through it's own private entrance. The building was originally constructed in 1951. Approximately 50% of the building is currently leased, with the remaining space ready for owner occupancy or lease-up, providing immediate upside potential. Utilities include electric, water, and sewer connections. Zoned for commercial use (buyer to verify), this versatile property offers flexibility for investors or end-users. *This property is part of a package deal with 8717 Sunderland Rd, a seperately leased auto repair shop, and the seller is also open to including adjacent 9201 Mesa Dr. for a three-property deal.
PROPERTY TAXES
| Parcel Number | 0772610030069 | Improvements Assessment | $215,216 |
| Land Assessment | $137,500 | Total Assessment | $352,716 |
PROPERTY TAXES
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9205 Mesa Dr
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