Mixed-Use Property with Residential
7528 Gainesville St Houston, TX 77020
For Sale
$1,200,000
Pending
Versatile property featuring warehouse, office space, and residential apartments.
Property Size12,540 SF
Lot Size0.56 Acres
Days on Market137
Property Features for 7528 Gainesville St
General Information
- Standard status
- Pending
- Size
- 12,540 SF
- Lot size
- 0.56 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing Agency:
Boom Real Estate
(832) 814-4070
Listed By:
Tatum MacNaughton
(832) 814-4070
Source:
Elliman
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 23 at 11:40AM
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 Boom Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property offers 12,540 square feet of space on a 24,500 square foot lot, which is just over 0.56 acres. Currently operating as a diesel mechanic shop, the property includes 9,240 square feet of warehouse space and 3,300 square feet of office and additional shop spaces. There are two office areas suitable for industrial, auto, or service-based businesses. In addition to the commercial space, the property features two residential apartments. Each apartment includes two bedrooms, a bathroom, a kitchen, a living room, and flexible space that can be used as a home office or for extra storage. This property is located in Houston, Texas.
Key Highlights
- Mixed‑use property featuring warehouse, office/shop space, and two residential apartments.
- Large 12,540 sq ft building on a 24,500 sq ft lot (over 0.56 acres).
- 9,240 sq ft of warehouse space suitable for industrial, auto, or service‑based businesses.
Financial Insights For Warehouse
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 | $120.4k | $9.60 |
| − Vacancy | −$11.8k | −$0.94 |
| EGI | $108.6k | $8.66 |
| − OpEx | −$16.3k | −$1.30 |
| NOI | $92.3k | $7.36 |
12,540 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$2.36M
$2.07M – $2.76M
NOI $165,528 @ 7.0% cap · market cap 13.79%
Second Best
Multifamily LT 5
$2.35M
$2.05M – $2.74M
NOI $164,245 @ 7.0% cap · market cap 13.69%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,720 @ 7.0% cap · market cap 18.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Harris Fuel Injection
Auto Repair Shop
Harris Fuel Injection ...
Auto Repair Shop
FAQs
What type of property is this?
Mixed-use property - Versatile property featuring warehouse, office space, and residential apartments.
Where is this mixed-use property located?
The property is located at 7528 Gainesville St Houston, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed‑use property featuring warehouse, office/shop space, and two residential apartments.; Large 12,540 sq ft building on a 24,500 sq ft lot (over 0.56 acres).; **9,240 sq ft of warehouse space suitable for industrial, auto, or service‑based businesses.**
