Multi-Unit Office
For Sale
Contact for pricing
11111 JONES RD W, Houston, TX 77070
Multi-unit office property offering three units totaling 1,486 SF for sale.
Property Size1,486 SF
Price / SF$185.06
Days on Market170
Property Features for 11111 JONES RD W
General Information
Standard status
Active
Size
1,486 SF
Class
B
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1986
Stories
1
Units
10
Listing Agency:
Texas Ally Real Estate Group LLC
Listed By:
Jasmine Balboa · License #761221
Source:
Crexi
Added: May 7
Changed: Oct 9
Last Checked: Oct 20 at 8:40PM
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 Texas Ally Real Estate Group LLC
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Investment Insights
Based on property information with market context.
This multi-unit office building is offered for sale and includes three separate office units totaling 1,486 SF. The property is configured as individual office spaces within the same building, providing a straightforward setup for an owner-occupant or investor.
The asset is located at 11111 Jones Rd W in Houston, Texas. It is specifically described as an office offering and presented as three units within the overall footprint.
If you are looking for a smaller, multi-unit office structure, this building provides a compact total size while maintaining the benefit of separate units.
The asset is located at 11111 Jones Rd W in Houston, Texas. It is specifically described as an office offering and presented as three units within the overall footprint.
If you are looking for a smaller, multi-unit office structure, this building provides a compact total size while maintaining the benefit of separate units.
Key Highlights
- Multi‑unit office property built in 1986
- 3 office units totaling 1,486 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,333
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,660
$346.7K
Cap Rate 7%
$247,614
$247.6K
Cap Rate 9%
$192,589
$192.6K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$32.1K $21.60/SF
− Vacancy
−$9.0K −$6.05/SF
EGI
$23.1K $15.55/SF
− OpEx
−$5.8K −$3.89/SF
NOI
$17.3K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,660
Cap Rate 7%
$247,614
Cap Rate 9%
$192,589
Alternative Uses
Best Use
Office B
$247.6K
$216.7K – $288.9K
NOI $17,333 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$382.1K
$334.4K – $445.8K
NOI $26,748 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office unit - Multi-unit office property offering three units totaling 1,486 SF for sale.
Where is this office unit located?
The property is located at 11111 JONES RD W Houston, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Multi‑unit office property built in 1986; 3 office units totaling 1,486 SF
