Mixed-Use Building with Meeting
For Sale
Contact for pricing
6626 Capitol St, Houston, TX 77011
Building on a 7,500 sf lot with community meeting space, reception, full kitchen/serving area, and two restrooms.
Property Size2,280 SF
Lot Size0.17 Acres
Price / SF$168.86
Days on Market1036
Property Features for 6626 Capitol St
General Information
Standard status
Active
Size
2,280 SF
Class
C
Lot size
0.17 Acres
Property subtype
Mixed Use, Office, Retail
Investment Type
Redevelopment
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Amenities
community meeting area
full kitchen/serving area
reception area
two restrooms
Building Details
Year Built
1956
Buildings
1
Stories
1
Listing Agency:
CENTURY 21 Western Realty
Listed By:
Gregory Post · License #343473
(281) 392-9272
Source:
Crexi
Added: Nov 8, 2023
Changed: Sep 5
Last Checked: Sep 8 at 6:54AM
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 CENTURY 21 Western Realty
Investment Insights
Based on property information with market context.
A 2,280 sf mixed-use building sits on a 7,500 sf lot in the Magnolia Park subdivision of Houston. The interior includes a community meeting area, full kitchen/serving area, a reception area, and two restrooms, providing a functional setup for meetings, service-based operations, or office-related activities.
The property is just off the Harrisburg Blvd. corridor connecting Downtown Houston to the Houston Ship Channel, with close proximity to I-45, Downtown Houston, University of Houston, Houston Ship Channel, and the EADO district. This area is described as an emerging East End revitalization corridor, and the property is located within an Economic Opportunity Zone.
Offered for sale at 6626 Capitol St, the building’s configuration and on-site amenity spaces support a range of mixed-use office and meeting uses.
The property is just off the Harrisburg Blvd. corridor connecting Downtown Houston to the Houston Ship Channel, with close proximity to I-45, Downtown Houston, University of Houston, Houston Ship Channel, and the EADO district. This area is described as an emerging East End revitalization corridor, and the property is located within an Economic Opportunity Zone.
Offered for sale at 6626 Capitol St, the building’s configuration and on-site amenity spaces support a range of mixed-use office and meeting uses.
Key Highlights
- 2,280 SF building on a 7,500 SF lot in the Magnolia Park subdivision
- Year built: 1956
- Includes community meeting area with reception area, full kitchen/serving area, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,096
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,920
$601.9K
Cap Rate 7%
$429,943
$429.9K
Cap Rate 9%
$334,400
$334.4K
Market Conditions
NOI Build-Up for 2,280 SF
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.
Gross rent
$54.7K $24.00/SF
− Vacancy
−$6.6K −$2.88/SF
EGI
$48.2K $21.12/SF
− OpEx
−$18.1K −$7.92/SF
NOI
$30.1K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$601,920
Cap Rate 7%
$429,943
Cap Rate 9%
$334,400
Alternative Uses
Best Use
Mixed Use
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Building on a 7,500 sf lot with community meeting space, reception, full kitchen/serving area, and two restrooms.
Where is this mixed-use property located?
The property is located at 6626 Capitol St Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,280 SF building on a 7,500 SF lot in the Magnolia Park subdivision; Year built: 1956; Includes community meeting area with reception area, full kitchen/serving area, and 2 restrooms
