Single-Unit Office
For Sale
Contact for pricing
1320 QUITMAN ST, Houston, TX 77009
Established office property with a single-unit configuration and substantial commercial floor area.
Property Size7,942 SF
Price / SF$188.87
Days on Market108
Property Features for 1320 QUITMAN ST
General Information
Standard status
Active
Size
7,942 SF
Property subtype
Office
Additional Details
Office Units
1
Building Details
Year Built
1970
Stories
2
Units
1
Listing Agency:
ORR Commercial
Listed By:
Taylor Wilson · License #660531
Source:
Crexi
Added: Jul 7
Changed: Oct 8
Last Checked: Oct 20 at 8:11PM
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 ORR Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building contains 7,942 square feet configured as one unit. Constructed in 1970, the property offers a defined office asset for commercial ownership or occupancy in Houston.
The building is located at 1320 Quitman St, Houston, TX 77009-7936. Its single-unit layout provides a straightforward configuration for an owner-user or one office occupant.
The building is located at 1320 Quitman St, Houston, TX 77009-7936. Its single-unit layout provides a straightforward configuration for an owner-user or one office occupant.
Key Highlights
- 7,942 SF office building
- Single‑unit configuration
- Built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,635
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,852,700
$1.9M
Cap Rate 7%
$1,323,357
$1.3M
Cap Rate 9%
$1,029,278
$1.0M
Market Conditions
NOI Build-Up for 7,942 SF
Gross rent
$171.5K $21.60/SF
− Vacancy
−$48.0K −$6.05/SF
EGI
$123.5K $15.55/SF
− OpEx
−$30.9K −$3.89/SF
NOI
$92.6K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,852,700
Cap Rate 7%
$1,323,357
Cap Rate 9%
$1,029,278
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,635 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,956 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Established office property with a single-unit configuration and substantial commercial floor area.
Where is this office building located?
The property is located at 1320 QUITMAN ST Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,942 SF office building; Single‑unit configuration; Built in 1970
