Two-Story Office Building For
2122 E Governors Circle Houston, TX
For Sale
Contact for pricing
Two-story office building with warehouse space and ample parking.
Property Size21,420 SF
Lot Size1.54 Acres
Price / SF$149.70
Days on Market1047
Property Features for 2122 E Governors Circle
General Information
- Standard status
- Active
- Size
- 21,420 SF
- Lot size
- 1.54 Acres
- Property subtype
- OFFICE
Listing Agency:
Zann Commercial Brokerage
(832) 915-1827
Listed By:
Jason Kieschnick · License #512911
(832) 915-1827
Source:
Moodyscre
Added: Sep 13, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:55AM
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
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 For Healthcare Medical
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 | $539.8k | $25.20 |
| − Vacancy | −$54.0k | −$2.52 |
| EGI | $485.8k | $22.68 |
| − OpEx | −$194.3k | −$9.07 |
| NOI | $291.5k | $13.61 |
21,420 SF · lease $25.20/SF/yr · vacancy 10.00% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ymcahouston Org
Charitable Organization
Camping Services Branch ...
Charitable Organization
Ryan Nguyen Attorney ...
Law Firm
Lobo Ley - Abogados ...
Law Firm
FAQs
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.
