Office Building with Warehouse
For Sale
$3,206,610
2122 East Governors Circle, Houston, TX 77092
Two-story office building with warehouse and excellent highway access.
Property Size21,420 SF
Price / SF$161.62
Days on Market228
Property Features for 2122 East Governors Circle
General Information
Standard status
Active
Size
21,420 SF
Class
B
Property subtype
Office
Building Details
Building Size
21,420 SF
Listing Agency:
Zann Commercial Brokerage
Listed By:
Jason C. Kieschnick · License #TX #512911
(832) 689-0105
Source:
Zann
Added: Mar 6
Changed: Oct 5
Last Checked: Oct 19 at 5:23AM
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 Zann Commercial Brokerage
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Investment Insights
Based on property information with market context.
This two-story office building features approximately 19,840 square feet of office space and 1,580 square feet of warehouse space. The property provides 95 parking spaces and monument signage. Conveniently located just outside of the North Loop, the building offers excellent access to 610, 290, I-10, and I-45. The building can be utilized for general office, medical office, or any other use that could benefit from all this building offers. Please contact listing broker for more details.
Key Highlights
- Excellent access to 610, 290, I‑10, and I‑45
- Approximately 19,840 square feet of office space
- Approximately 1,580 square feet of warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,414
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,628,280
$4.6M
Cap Rate 7%
$3,305,914
$3.3M
Cap Rate 9%
$2,571,267
$2.6M
Market Conditions
NOI Build-Up for 19,840 SF
Gross rent
$428.5K $21.60/SF
− Vacancy
−$120.0K −$6.05/SF
EGI
$308.6K $15.55/SF
− OpEx
−$77.1K −$3.89/SF
NOI
$231.4K $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 Rate 5%
$4,628,280
Cap Rate 7%
$3,305,914
Cap Rate 9%
$2,571,267
Alternative Uses
Best Use
Office B
$3.31M
$2.89M – $3.86M
NOI $231,414 @ 7.0% cap · market cap 7.22%
Second Best
Warehouse
$2.09M
$1.83M – $2.43M
NOI $146,029 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$5.10M
$4.46M – $5.95M
NOI $357,120 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,983
Businesses Nearby
Explore this area
Business Placement
Demographics for 77092, TX
34,903
Population
16,158
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
75%
High-School Grad
8.1 sq mi
ZIP Area
4,309
Density / Sq Mi
$56,741
Median Household Income
$34,895
Median Earnings
$1,228
Median Rent
$222,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with warehouse and excellent highway access.
Where is this office building located?
The property is located at 2122 East Governors Circle Houston, TX.
What is the asking price?
The asking price for this property is $3,206,610.
What are key features of this property?
This property features: Excellent access to 610, 290, I‑10, and I‑45; Approximately 19,840 square feet of office space; Approximately 1,580 square feet of warehouse space
