La Porte Office/Retail
110 North Broadway Street, La Porte, TX 77571
Free-standing office/retail complex in downtown La Porte, Texas.
Type:OFC-BLDG, OFC-RET, MU
Property size:
5,040 SFPrice / SF:
$138/SF- Added:
- Jan 21, 2024
- Days on Market:
- 857
- Last Refresh:
- Apr 3 at 4:59 am
Property Features for 110 North Broadway Street
General Information
- Standard status
- Active
- Size
- 5,040 SF
- Property subtype
- OFC-BLDG, OFC-RET, MU
Building Details
- Year Built
- 1980
Listing agent Tim Larson License #0695022, Texas (281) 508-0800
Listing office Keller Williams | Houston Memorial (281) 508-0800
Listing date Jan 21, 2024
Source Realnex
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 Keller Williams | Houston Memorial
HighLights
- 6.4% CAP Rate with $44,463 Net Operating Income (NOI).
- Projected Gross Income of $69,600 per year.
- Currently leased to three tenants: Re/Max Real Estate, Shipyard Logistics Company, and a Drug Testing related Contractor.
- General Commercial (GC) Zoning allows for a wide variety of professional uses including Office, Retail, and/or Other.
- Located in the heart of downtown La Porte with many food options within walking distance and close to Hwy 146/225, Port of Houston, Houston Shipping Channel, and Bay Forest Golf Course.
- Free‑standing Office/Retail Complex with lots of on‑site parking.
Overview
This free-standing office/retail complex is located at 110 N Broadway in downtown La Porte, TX. The property is zoned General Commercial (GC) and is currently used as an office/retail complex. The building is suitable for a variety of professional uses, including office and retail. The location is near Hwy 146/225, the Port of Houston, the Houston Shipping Channel, and Bay Forest Golf Course, with many food options within walking distance. Unit A (1,000 SF) is leased to Re/Max Real Estate under a commercial lease from 01/01/2025 through 12/31/2026, with a base rent of $1,000/month plus $500/month NNN, totaling $1,550/month. Unit B (1,000 SF) is leased to Shipyard Logistics Company under a commercial lease from 04/25-04/26 for $1,000/month base rent plus $500/month NNN, totaling $1,500/month. Unit C (3,040 SF) is leased to a drug testing-related contractor under a commercial lease from 01/01/2025 through 12/31/2026 for $2,500/month gross lease, totaling $2,750/month. The total projected gross income is $5,500/month, or $69,600/year. Landlord expenses include a tax rate of 2.4475% ($541,390 assessed value in 2025, $13,250/year), Texas Windstorm Insurance of $5,971.00/year, building insurance of $4,716/year, and maintenance (landscaping) of $1,200.00/year, with miscellaneous expenses as needed, totaling $25,137. Tenants will pay all utility bills moving forward as of 01/2025. Historic utility bills (per seller) show electricity costs of approximately $200.00/month, water/sewer costs of $80.00/month, and internet costs of $105.00/month with AT&T. The NOI is $44,463, with a 6.4% CAP Rate.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Harris
- State
- Texas
- Longitude
- -95.0483
- Latitude
- 29.6785
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Free-standing office/retail complex in downtown La Porte, Texas.
Where is this mixed-use property located?
The property is located at 110 North Broadway Street La Porte, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 6.4% CAP Rate with $44,463 Net Operating Income (NOI).; Projected Gross Income of $69,600 per year.; Currently leased to three tenants: Re/Max Real Estate, Shipyard Logistics Company, and a Drug Testing related Contractor.
