Multifamily Property Near Light
For Sale
$1,395,000
10-1625 Southmore Blvd, Houston, TX 77004
The property is positioned near major Houston destinations and regional transportation options.
Property Size8,100 SF
Price / SF$172.22
Days on Market18
Property Features for 10-1625 Southmore Blvd
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Museum Park
Highway Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$23,986
Listing Agency:
Zomper & Associates
(713) 248-0908
Listed By:
Cesar Zavala · License #707671
(832) 712-6252
Source:
Exprealty
Added: Oct 20
Changed: Nov 5
Last Checked: Nov 4 at 5:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zomper & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 1625 Southmore Blvd., this multifamily property is close to Houston’s Museum District, Hermann Park, Texas Medical Center, and Midtown/Central Business District. Nearby transportation includes the light rail, Hwy. 288, and I-59/69, providing connections across the area. Employers, retail, restaurants, and cultural destinations are also in the surrounding area.
Key Highlights
- Close to the Museum District, Hermann Park, and Texas Medical Center
- Access to Hwy. 288, I‑59/69, and the light rail
- Near Midtown/Central Business District, employers, retail, restaurants, and cultural destinations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,766
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,320
$1.8M
Cap Rate 7%
$1,310,943
$1.3M
Cap Rate 9%
$1,019,622
$1.0M
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$177.9K $21.96/SF
− Vacancy
−$11.0K −$1.36/SF
EGI
$166.8K $20.60/SF
− OpEx
−$75.1K −$9.27/SF
NOI
$91.8K $11.33/SF
Area
Houston, TX
Vacancy
6.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,320
Cap Rate 7%
$1,310,943
Cap Rate 9%
$1,019,622
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,766 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,800 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 77004, TX
37,005
Population
18,321
Households
2
Avg Household Size
31
Median Age
57%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
7,116
Density / Sq Mi
$65,901
Median Household Income
$55,909
Median Earnings
$1,320
Median Rent
$384,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The property is positioned near major Houston destinations and regional transportation options.
Where is this multifamily property located?
The property is located at 10-1625 Southmore Blvd Houston, TX.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Close to the Museum District, Hermann Park, and Texas Medical Center; Access to Hwy. 288, I‑59/69, and the light rail; Near Midtown/Central Business District, employers, retail, restaurants, and cultural destinations
