Two-Story Office Building For
For Sale
Contact for pricing
2122 E Governors Circle, Houston, TX
Two-story office building with warehouse space and ample parking.
Property Size21,420 SF
Lot Size1.54 Acres
Price / SF$149.70
Days on Market1137
Property Features for 2122 E Governors Circle
General Information
Standard status
Active
Size
21,420 SF
Lot size
1.54 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Lazybrook / Timbergrove
Listing Agency:
Zann Commercial Brokerage
(281) 280-8088
Listed By:
Jason Kieschnick · License ##512911
(832) 915-1827
Source:
Moodyscre
Added: Sep 13, 2023
Changed: Oct 16
Last Checked: Oct 23 at 11:08AM
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 Zann Commercial Brokerage
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.
The subject site is a two-story office building consisting of approximately 19,840 square feet of office space and 1,580 square feet of warehouse space, totaling 21,420 square feet. The property offers 95 parking spaces and monument signage. It provides access to 610, 290, I-10, and I-45. The building can be utilized for general office, medical office, or any other use that could benefit from all this building offers.
Key Highlights
- Excellent access to major highways 610, 290, I‑10, and I‑45.
- Substantial parking with 95 spaces.
- Versatile building suitable for general office, medical office, or other uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,483
Cap Rate
9.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,829,660
$5.8M
Cap Rate 7%
$4,164,043
$4.2M
Cap Rate 9%
$3,238,700
$3.2M
Market Conditions
NOI Build-Up for 21,420 SF
Gross rent
$539.8K $25.20/SF
− Vacancy
−$54.0K −$2.52/SF
EGI
$485.8K $22.68/SF
− OpEx
−$194.3K −$9.07/SF
NOI
$291.5K $13.61/SF
Area
Houston, TX
Vacancy
10.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,829,660
Cap Rate 7%
$4,164,043
Cap Rate 9%
$3,238,700
Alternative Uses
Best Use
Healthcare Medical
$4.16M
$3.64M – $4.86M
NOI $291,483 @ 7.0% cap · market cap 9.09%
Second Best
Office B
$3.57M
$3.12M – $4.16M
NOI $249,843 @ 7.0% cap · market cap 7.79%
Theoretical Best
Office A
$5.51M
$4.82M – $6.43M
NOI $385,560 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
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Business Placement
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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 building - Two-story office building with warehouse space and ample parking.
Where is this office building located?
The property is located at 2122 E Governors Circle Houston, TX.
What is the asking price?
The asking price for this property is $3,206,610.
What are key features of this property?
This property features: Excellent access to major highways 610, 290, I‑10, and I‑45.; Substantial parking with 95 spaces.; Versatile building suitable for general office, medical office, or other uses.
