Flex Space with Alley
320 E 20th St Houston, TX 77008
320 E 20th St, Houston, TX, 77008
$4,275,000
For Sale
$4,275,000
Redevelopment assemblage with four existing flex/warehouse buildings and alley access, featuring 132 feet of frontage on 20th Street.
Property Size18,962 SF
Lot Size0.79 Acres
Price / SF$225.45
Days on Market15
Property Features for 320 E 20th St
General Information
- Standard status
- Active
- Size
- 18,962 SF
- Lot size
- 0.79 Acres
- Property subtype
- Land
Listing agency
(832) 628-8221
Listed by
Becky Davis
(832) 628-8221
Source
Elliman
Added: Jul 8 Updated: Jul 21 at 8:14AM Checked: Jul 22 at 11:25AM
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 Becky Davis
Investment Insights
Based on property information with market context.
This assemblage presents a new development or adaptive reuse opportunity in the Houston Heights area, spanning five contiguous lots with 132 feet of frontage on 20th Street and 260 feet of frontage on Arlington. Alley access is available to support a range of redevelopment plans for the site.
The offering includes four buildings totaling 18,962 SF: a two-story mid-century office building with an upstairs apartment, a 1945 post-war lumber warehouse with historic character intact, and two additional studio warehouse structures. All buildings are classified as Non-Contributing in the Heights East Historic District, and demolition requires only a standard city permit.
The property is described as including the 1829 and 1831 Arlington addresses. It is approximately 0.3 miles from the Heights Shopping District and 3.0 miles from Downtown Houston. The remarks state Houston has no zoning and the historic ordinance does not regulate use, making the site available for commercial or residential development.
The offering includes four buildings totaling 18,962 SF: a two-story mid-century office building with an upstairs apartment, a 1945 post-war lumber warehouse with historic character intact, and two additional studio warehouse structures. All buildings are classified as Non-Contributing in the Heights East Historic District, and demolition requires only a standard city permit.
The property is described as including the 1829 and 1831 Arlington addresses. It is approximately 0.3 miles from the Heights Shopping District and 3.0 miles from Downtown Houston. The remarks state Houston has no zoning and the historic ordinance does not regulate use, making the site available for commercial or residential development.
Key Highlights
- 34,320 SF (0.788‑acre) redevelopment assemblage on five contiguous lots with 132 ft frontage on 20th Street
- 260 ft frontage on Arlington (includes 1829 and 1831 Arlington addresses) plus alley access
- Four existing buildings total 18,962 SF: two‑story mid‑century office building with upstairs apartment and a 1945 lumber warehouse with historic character intact
Local 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 | $409.6k | $21.60 |
| − Vacancy | −$114.7k | −$6.05 |
| EGI | $294.9k | $15.55 |
| − OpEx | −$73.7k | −$3.89 |
| NOI | $221.2k | $11.66 |
18,962 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.69M
NOI $221,173 @ 7.0% cap · market cap 5.17%
Second Best
Flex RnD
$2.82M
$2.47M – $3.29M
NOI $197,451 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$4.88M
$4.27M – $5.69M
NOI $341,316 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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FAQs
What type of property is this?
Flex space - Redevelopment assemblage with four existing flex/warehouse buildings and alley access, featuring 132 feet of frontage on 20th Street.
Where is this flex space located?
The property is located at 320 E 20th St Houston, TX.
What is the asking price?
The asking price for this property is $4,275,000.
What are key features of this property?
This property features: 34,320 SF (0.788‑acre) redevelopment assemblage on five contiguous lots with 132 ft frontage on 20th Street; 260 ft frontage on Arlington (includes 1829 and 1831 Arlington addresses) plus alley access; Four existing buildings total 18,962 SF: two‑story mid‑century office building with upstairs apartment and a 1945 lumber warehouse with historic character intact
