Flexible Mixed-Use
For Sale
Contact for pricing
210 W HOUSTON ST, Cleveland, TX 77327
Multiple entrances and interior rooms support adaptable office, service, or shared-workspace configurations.
Property Size1,398 SF
Price / SF$314.02
Days on Market14
Property Features for 210 W HOUSTON ST
General Information
Standard status
Active
Size
1,398 SF
Property subtype
Retail, Office, Mixed Use
Additional Details
Highway Access
Yes
Amenities
kitchenette
private entrance
Listing Agency:
JLA Realty
Listed By:
Regina Coats · License #0737552
(713) 489-8130
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 26 at 7:49AM
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 JLA Realty
Investment Insights
Based on property information with market context.
This approximately 1,398-square-foot mixed-use property in downtown Cleveland offers a flexible interior with multiple rooms that can accommodate private offices, consultation areas, meetings, or storage. A primary entry and separate private entrance create options for distinct access, while the kitchenette adds practical support for occupants. The interior may also be divided into two business areas, subject to the intended configuration and use.
Located at 210 W Houston St, the property is near established businesses, shopping, and dining, with access to I-69/US-59. Rear space offers potential for additional parking. The property is available for immediate move-in and may suit professional office, service-business, or shared-office use.
Located at 210 W Houston St, the property is near established businesses, shopping, and dining, with access to I-69/US-59. Rear space offers potential for additional parking. The property is available for immediate move-in and may suit professional office, service-business, or shared-office use.
Key Highlights
- Approximately 1,398 SF of flexible mixed‑use space
- Main entrance plus a separate private entrance
- Multiple rooms for offices, meetings, consultation, or storage
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
$14,155
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
3.22%
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%
$283,100
$283.1K
Cap Rate 7%
$202,214
$202.2K
Cap Rate 9%
$157,278
$157.3K
Market Conditions
NOI Build-Up for 1,398 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
$25.2K $18.00/SF
− Vacancy
−$2.5K −$1.80/SF
EGI
$22.6K $16.20/SF
− OpEx
−$8.5K −$6.07/SF
NOI
$14.2K $10.13/SF
Area
Liberty County, TX
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$283,100
Cap Rate 7%
$202,214
Cap Rate 9%
$157,278
Alternative Uses
Best Use
Mixed Use
$202.2K
$176.9K – $235.9K
NOI $14,155 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$15.67M
$13.71M – $18.29M
NOI $1,097,155 @ 7.0% cap · market cap 249.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple entrances and interior rooms support adaptable office, service, or shared-workspace configurations.
Where is this mixed-use property located?
The property is located at 210 W HOUSTON ST Cleveland, TX.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Approximately 1,398 SF of flexible mixed‑use space; Main entrance plus a separate private entrance; Multiple rooms for offices, meetings, consultation, or storage
