Montrose Mixed-Use Development
2014 Commonwealth St Houston, TX 77006
For Sale
$2,899,990
Five parcels in Montrose with income and redevelopment potential.
Property Size10,750 SF
Lot Size0.56 Acres
Price / SF$269.77
Days on Market98
Property Features for 2014 Commonwealth St
General Information
Standard status
Active
Size
10,750 SF
Lot size
0.56 Acres
Property subtype
Land
Listing Agency:
Atlas Real Estate
(346) 418-8229
Listed By:
Afsaneh Mahban · License #0728708
(346) 418-8229
Source:
Elliman
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 26 at 10:49PM
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 Atlas Real Estate
Investment Insights
Based on property information with market context.
This offering presents a rare opportunity to acquire a contiguous assemblage of five parcels, totaling approximately 0.56 acres, situated in the heart of Montrose. The property includes four income-producing commercial buildings, encompassing approximately 10,750 square feet, along with one undeveloped lot. This provides immediate cash flow with significant upside for redevelopment, owner-user occupancy, or long-term investment. The location is surrounded by upscale residential properties, boutique retail establishments, and walkable dining options, with convenient access to Downtown, the Texas Medical Center, the Museum District, Hermann Park, and the Ion District. The portfolio can currently generate approximately $17,200 per month in rental income, enabling investors to hold the asset while developing project plans, entitlements, and preliminary development without the burden of carrying vacant land. With neighboring townhomes trading for over $1 million and a significant influx of growth throughout Montrose, this site is positioned in a high-demand area ideal for luxury residential or mixed-use development. The location has a bike score of 77, indicating it is very bikeable, a walk score of 90, indicating it is very walkable, and a transit score of 66, indicating good transit options.
Key Highlights
- Prime Montrose location in a high‑demand area
- Four income‑producing commercial buildings generating approximately $17,200/month
- Contiguous assemblage of five parcels totaling approximately 0.56 acres
Financial Insights For Retail
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 | $220.6k | $20.52 |
| − Vacancy | −$12.4k | −$1.15 |
| EGI | $208.2k | $19.37 |
| − OpEx | −$62.5k | −$5.81 |
| NOI | $145.8k | $13.56 |
10,750 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.08M
$1.82M – $2.43M
NOI $145,766 @ 7.0% cap · market cap 5.03%
Second Best
Mixed Use
$2.03M
$1.77M – $2.37M
NOI $141,900 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,500 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - Five parcels in Montrose with income and redevelopment potential.
Where is this commercial land located?
The property is located at 2014 Commonwealth St Houston, TX.
What is the asking price?
The asking price for this property is $2,899,990.
What are key features of this property?
This property features: Prime Montrose location in a high‑demand area; Four income‑producing commercial buildings generating approximately $17,200/month; Contiguous assemblage of five parcels totaling approximately 0.56 acres
