Mixed-Use Property with Three
1137 Freeport Street Houston, TX 77015
1137 Freeport Street, Houston, TX, 77015
Contact for pricing
For Sale
Contact for pricing
Three-suite property offers a restaurant suite, car radio shop space, and an upstairs studio apartment, plus concrete parking.
Property Size5,930 SF
Price / SF$94.44
Days on Market95
Property Features for 1137 Freeport Street
General Information
- Standard status
- Active
- Size
- 5,930 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2000
Listing agency
CENTURY 21 Garlington & Associates
(713) 455-0011
Listed by
Joe Tijerina · License #TX 708407
Source
Crexi
Added: Apr 18 Updated: Jul 21 at 12:07AM Checked: Jul 21 at 7:05AM
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 CENTURY 21 Garlington & Associates
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes three distinct suites designed for different uses. Suite A is a large, open restaurant space with updated interiors, a total of two bathrooms (his and hers), and a newly installed roof for the unit. Suite B is configured for a car radio shop with an open floor plan, one bathroom, and a storage room. Suite C is an upstairs studio apartment with one bedroom and one bathroom, currently being updated. In addition, a cabin on-site is used as storage.
The property is offered for sale with ample concrete parking space available for day-to-day operations.
Overall, the building presents flexible in-place configurations for income-producing tenancy across commercial and residential-style living space, alongside dedicated on-site storage.
The property is offered for sale with ample concrete parking space available for day-to-day operations.
Overall, the building presents flexible in-place configurations for income-producing tenancy across commercial and residential-style living space, alongside dedicated on-site storage.
Key Highlights
- Three distinct commercial suites plus an upstairs studio apartment in a property built in 2000
- Suite A (Restaurant): large open area with 2 bathrooms (his and hers) and a new roof installed
- Suite B (Car radio shop): open floor plan with 1 bathroom and a 1 storage room
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.4k | $9.00 |
| − Vacancy | −$5.6k | −$0.95 |
| EGI | $47.8k | $8.06 |
| − OpEx | −$14.3k | −$2.42 |
| NOI | $33.4k | $5.64 |
5,930 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,263 @ 7.0% cap · market cap 16.30%
Second Best
Retail
$1.15M
$1.01M – $1.34M
NOI $80,409 @ 7.0% cap · market cap 14.36%
Theoretical Best
Office A
$1.52M
$1.33M – $1.78M
NOI $106,740 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
K&Y CAR STEREO
Auto Parts Store
K&Y CARD AUDIO
Shopping Center & Mall
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Three-suite property offers a restaurant suite, car radio shop space, and an upstairs studio apartment, plus concrete parking.
Where is this conventional restaurant located?
The property is located at 1137 Freeport Street Houston, TX.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Three distinct commercial suites plus an upstairs studio apartment in a property built in 2000; Suite A (Restaurant): large open area with 2 bathrooms (his and hers) and a new roof installed; Suite B (Car radio shop): open floor plan with 1 bathroom and a 1 storage room
