Salon Suites and Office
20713 Aldine Westfield Rd Humble, TX
For Sale
Contact for pricing
Office property with salon suites, conference room, and parking.
Property Size3,665 SF
Lot Size0.14 Acres
Price / SF$163.71
Days on Market787
Property Features for 20713 Aldine Westfield Rd
General Information
- Standard status
- Active
- Size
- 3,665 SF
- Lot size
- 0.14 Acres
- Property subtype
- OFFICE
Listing Agency:
The Commercial Professionals
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #0642075
(713) 614-2670
Source:
Moodyscre
Added: May 28, 2024
Changed: Jul 6
Last Checked: Jul 21 at 8:06AM
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 The Commercial Professionals
Investment Insights
Based on property information with market context.
This property offers an ideal location suitable for various business needs. It features private entrances for both upstairs and downstairs units. The property includes 10 private salon suites, a conference room, 2 office spaces, 2 kitchenettes, 3 bathrooms, and a laundry room. Each office entry has a formal reception area. Ample private parking spaces are available, secured by a fully automated gate. The property size is 3665 square feet.
Key Highlights
- 10 private salon suites offer income potential or flexible business use.
- Ample private parking protected by a fully automated gate.
- Ideal location to accommodate a variety of business needs.
Financial Insights For Office B
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 | $84.4k | $23.04 |
| − Vacancy | −$20.4k | −$5.58 |
| EGI | $64.0k | $17.46 |
| − OpEx | −$16.0k | −$4.37 |
| NOI | $48.0k | $13.10 |
3,665 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$685.8K
$600.1K – $800.1K
NOI $48,005 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$875.6K – $1.17M
NOI $70,051 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lavish Loccz
Hair Salon
Exclusive Cutz Barbershop
Barber Shop
Katie Thurman
Physician
Signature Salon Studios
Hair Salon
Blunt Statements Healthy ...
Nail Salon
FAQs
What type of property is this?
Office units - Office property with salon suites, conference room, and parking.
Where is this office units located?
The property is located at 20713 Aldine Westfield Rd Humble, TX.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 10 private salon suites offer income potential or flexible business use.; Ample private parking protected by a fully automated gate.; Ideal location to accommodate a variety of business needs.
