110 North Broadway Street La Porte, TX 77571

This free-standing office/retail complex is located at 110 N Broadway in downtown La Porte, TX. The property is zoned General Commercial (GC) and is currently used as an office/retail complex. The building is suitable for a variety of professional uses, including office and retail. The location is near Hwy 146/225, the Port of Houston, the Houston Shipping Channel, and Bay Forest Golf Course, with many food options within walking distance. Unit A (1,000 SF) is leased to Re/Max Real Estate under a commercial lease from 01/01/2025 through 12/31/2026, with a base rent of $1,000/month plus $500/month NNN, totaling $1,550/month. Unit B (1,000 SF) is leased to Shipyard Logistics Company under a commercial lease from 04/25-04/26 for $1,000/month base rent plus $500/month NNN, totaling $1,500/month. Unit C (3,040 SF) is leased to a drug testing-related contractor under a commercial lease from 01/01/2025 through 12/31/2026 for $2,500/month gross lease, totaling $2,750/month. The total projected gross income is $5,500/month, or $69,600/year. Landlord expenses include a tax rate of 2.4475% ($541,390 assessed value in 2025, $13,250/year), Texas Windstorm Insurance of $5,971.00/year, building insurance of $4,716/year, and maintenance (landscaping) of $1,200.00/year, with miscellaneous expenses as needed, totaling $25,137. Tenants will pay all utility bills moving forward as of 01/2025. Historic utility bills (per seller) show electricity costs of approximately $200.00/month, water/sewer costs of $80.00/month, and internet costs of $105.00/month with AT&T. The NOI is $44,463, with a 6.4% CAP Rate.