Professional Office Unit For
For Sale
Contact for pricing
14339 Torrey Chase Blvd, Houston, TX 77014
Office unit with reception, offices, kitchenette, and bathrooms.
Property Size1,538 SF
Price / SF$139.79
Days on Market2157
Property Features for 14339 Torrey Chase Blvd
General Information
Standard status
Active
Size
1,538 SF
Class
B
Total Parking Spaces
4
Property subtype
Mixed Use, Office
Occupancy
29%
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Bill Smith · License #TX 291078
(281) 723-3336
Source:
Crexi
Added: Oct 14, 2020
Changed: Sep 3
Last Checked: Sep 9 at 5:58AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Available for sale, Unit E & F offers 1,538 square feet of office space. The layout includes a reception area, three private offices, a kitchenette, and two bathrooms. The primary office and two other offices are spacious, creating a professional setting. Additional features include a large kitchenette and a copy/computer room. The property is located with easy access from Torrey Chase Boulevard, east of Stuebner Airline and south of FM 1960. The Homeowners Association fee for this double unit is $719 per month, covering all exterior maintenance, including roofs, water to the unit, and building insurance.
Key Highlights
- Spacious 1,538 SF office space suitable for purchase or lease
- Includes a reception area, 3 private offices, kitchenette, and 2 bathrooms
- Primary office and 2 other offices are very spacious, creating a professional setting
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
$17,939
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
8.34%
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%
$358,780
$358.8K
Cap Rate 7%
$256,271
$256.3K
Cap Rate 9%
$199,322
$199.3K
Market Conditions
NOI Build-Up for 1,538 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
$33.2K $21.60/SF
− Vacancy
−$9.3K −$6.05/SF
EGI
$23.9K $15.55/SF
− OpEx
−$6.0K −$3.89/SF
NOI
$17.9K $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 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%
$358,780
Cap Rate 7%
$256,271
Cap Rate 9%
$199,322
Alternative Uses
Best Use
Office B
$256.3K
$224.2K – $299.0K
NOI $17,939 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.5K
$346.1K – $461.4K
NOI $27,684 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
Explore this area
Business Placement
Demographics for 77014, TX
35,161
Population
13,166
Households
2.7
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
4,883
Density / Sq Mi
$54,456
Median Household Income
$34,192
Median Earnings
$1,220
Median Rent
$213,300
Median Home Value
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Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
What type of property is this?
Office units - Office unit with reception, offices, kitchenette, and bathrooms.
Where is this office units located?
The property is located at 14339 Torrey Chase Blvd Houston, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Spacious 1,538 SF office space suitable for purchase or lease; Includes a reception area, 3 private offices, kitchenette, and 2 bathrooms; Primary office and 2 other offices are very spacious, creating a professional setting
