Houston Office Space
1515 S Sgt Macario Garcia Dr Houston, TX 77011
1515 S Sgt Macario Garcia Dr, Houston, TX, 77011
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For Sale
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Versatile office space near major highways and commercial hubs.
Property Size2,094 SF
Price / SF$250.72
Days on Market691
Property Features for 1515 S Sgt Macario Garcia Dr
General Information
- Standard status
- Active
- Size
- 2,094 SF
- Property subtype
- Office
Building Details
- Year Built
- 1979
Listing Agency
SKW Realty
Listed by
Serene Wong · License #0688577
Source
Crexi
Added: Aug 28, 2024 Checked: Jul 15 at 9:59 pm
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 SKW Realty
Investment Insights
Based on property information with market context.
This office space is situated near major highways and thoroughfares, including Interstate 10 and Loop 610, providing convenient access to downtown Houston, the Port of Houston, and other key business districts. The location's proximity to industrial and commercial centers enhances the potential for attracting tenants from diverse sectors. The surrounding area is experiencing growth and redevelopment, increasing property values and demand for commercial space. The property can be tailored for various business needs, offering flexibility for potential tenants in professional services, healthcare, or small-scale manufacturing. Adequate parking facilities are available. The location is accessible via public transportation, making it convenient for employees and clients. The property is located in a community with a strong workforce and a growing population, which can drive demand for office space. Houston's economy is diversified, reducing the risk of market fluctuations and providing a stable environment for investment. The property offers 2094 square feet of space.
Key Highlights
- Strategic location: Easy access to major highways, downtown Houston, and the Port of Houston.
- Competitive pricing: Offers a potentially higher return on investment.
- Versatile office space: Can be tailored for various business needs.
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 | $45.2k | $21.60 |
| − Vacancy | −$12.7k | −$6.05 |
| EGI | $32.6k | $15.55 |
| − OpEx | −$8.1k | −$3.89 |
| NOI | $24.4k | $11.66 |
2,094 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$348.9K
$305.3K – $407.1K
NOI $24,424 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.5K
$471.2K – $628.2K
NOI $37,692 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jaroz
Marketing & Advertising
Israel Garcia Attorney
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office space near major highways and commercial hubs.
Where is this office units located?
The property is located at 1515 S Sgt Macario Garcia Dr Houston, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Strategic location: Easy access to major highways, downtown Houston, and the Port of Houston.; Competitive pricing: Offers a potentially higher return on investment.; Versatile office space: Can be tailored for various business needs.
