Five-Parcel Retail
2014 Commonwealth Street Houston, TX 77006
2014 Commonwealth Street, Houston, TX, 77006
$2,749,000
For Sale
$2,749,000
Contiguous assemblage of five parcels with four income-producing retail buildings and one undeveloped lot.
Property Size10,750 SF
Lot Size0.56 Acres
Price / SF$255.72
Days on Market88
Property Features for 2014 Commonwealth Street
General Information
- Standard status
- Active
- Size
- 10,750 SF
- Lot size
- 0.56 Acres
- Property subtype
- Land or Vacant Lot
Listing Agency
ATLAS REAL ESTATE
(346) 418-8229
Listed by
ZAIN MOMIN
Source
Corcoran
Added: Apr 21 Checked: Jul 16 at 7:29 am
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 contiguous assemblage of five parcels totaling approximately 0.56 acres. The property includes four income-producing commercial buildings totaling approximately 10,750 SF, plus one undeveloped lot.
The portfolio is positioned in Montrose, within a surrounding mix of residential and retail uses with walkable dining, and the remarks note easy access to Downtown, the Texas Medical Center, Museum District, Hermann Park, and the Ion District. The current configuration is described as generating approximately $17,200 per month in rental income.
The combination of existing income-producing buildings and an undeveloped parcel supports a range of project approaches, including owner-user development or longer-term redevelopment planning, while retaining current rental cash flow as plans move forward.
The portfolio is positioned in Montrose, within a surrounding mix of residential and retail uses with walkable dining, and the remarks note easy access to Downtown, the Texas Medical Center, Museum District, Hermann Park, and the Ion District. The current configuration is described as generating approximately $17,200 per month in rental income.
The combination of existing income-producing buildings and an undeveloped parcel supports a range of project approaches, including owner-user development or longer-term redevelopment planning, while retaining current rental cash flow as plans move forward.
Key Highlights
- Contiguous assemblage of five parcels totaling approx. 0.56 acres in Montrose
- Four income‑producing commercial buildings totaling approx. 10,750 SF
- Includes one undeveloped lot for potential redevelopment, owner‑user use, or long‑term hold
Local 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 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.76M
$2.42M – $3.23M
NOI $193,500 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Camellia Alise
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Contiguous assemblage of five parcels with four income-producing retail buildings and one undeveloped lot.
Where is this retail space located?
The property is located at 2014 Commonwealth Street Houston, TX.
What is the asking price?
The asking price for this property is $2,749,000.
What are key features of this property?
This property features: Contiguous assemblage of five parcels totaling approx. 0.56 acres in Montrose; Four income‑producing commercial buildings totaling approx. 10,750 SF; Includes one undeveloped lot for potential redevelopment, owner‑user use, or long‑term hold
