Office Building with Yard
For Sale
Contact for pricing
1614 Holland St, Houston, TX 77029
Flexible office layout with paved parking and outdoor yard area.
Property Size1,376 SF
Lot Size0.44 Acres
Price / SF$225.29
Days on Market60
Property Features for 1614 Holland St
General Information
Standard status
Active
Size
1,376 SF
Total Parking Spaces
17
Lot size
0.44 Acres
Property subtype
RETAIL
Occupancy
50%
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Amenities
Outdoor Yard Space
Building Details
Buildings
1
Building Size
1,376 SF
Parking Ratio
12.35 per 1,000 SF
Listing Agency:
The Commercial Professionals
Listed By:
Adam Olsen, CCIM · License #0642075
(713) 614-2670
Source:
Moodyscre
Added: Jul 6
Changed: Aug 30
Last Checked: Sep 2 at 5:13PM
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 The Commercial Professionals
Investment Insights
Based on property information with market context.
The property at 1614 Holland St. includes a 1,376-square-foot office building on approximately 0.44 acres, with a flexible layout that can accommodate multiple commercial uses. Outdoor yard space provides room for equipment, storage, and additional parking. The site includes 17 paved parking spaces, and 50% of the building is vacant for immediate occupancy.
Located in Houston’s East Industrial Corridor, the property offers access to I-10, Loop 610, and SH 225. Surrounding properties include industrial and commercial users, while the site’s Opportunity Zone designation adds an important planning and investment consideration. The configuration is suited to contractors, service-oriented operations, and owner-occupants, with potential applications including food truck, car detailing, and pop-up retail concepts.
Located in Houston’s East Industrial Corridor, the property offers access to I-10, Loop 610, and SH 225. Surrounding properties include industrial and commercial users, while the site’s Opportunity Zone designation adds an important planning and investment consideration. The configuration is suited to contractors, service-oriented operations, and owner-occupants, with potential applications including food truck, car detailing, and pop-up retail concepts.
Key Highlights
- 1,376 SF office building on ±0.44 acres
- 17 paved parking spaces with a 12.35 parking ratio
- 50% vacant for immediate occupancy
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
$16,050
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
5.18%
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%
$321,000
$321.0K
Cap Rate 7%
$229,286
$229.3K
Cap Rate 9%
$178,333
$178.3K
Market Conditions
NOI Build-Up for 1,376 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
$29.7K $21.60/SF
− Vacancy
−$8.3K −$6.05/SF
EGI
$21.4K $15.55/SF
− OpEx
−$5.3K −$3.89/SF
NOI
$16.0K $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%
$321,000
Cap Rate 7%
$229,286
Cap Rate 9%
$178,333
Alternative Uses
Best Use
Office B
$229.3K
$200.6K – $267.5K
NOI $16,050 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.8K
$309.6K – $412.8K
NOI $24,768 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 77029, TX
17,044
Population
6,386
Households
2.7
Avg Household Size
36
Median Age
9%
College-Educated
62%
High-School Grad
10.6 sq mi
ZIP Area
1,608
Density / Sq Mi
$49,601
Median Household Income
$32,614
Median Earnings
$1,129
Median Rent
$115,400
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?
Office building - Flexible office layout with paved parking and outdoor yard area.
Where is this office building located?
The property is located at 1614 Holland St Houston, TX.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 1,376 SF office building on ±0.44 acres; 17 paved parking spaces with a 12.35 parking ratio; 50% vacant for immediate occupancy
