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 Size19,840 SF
Price / SF$161.62
Days on Market147
Property Features for 2122 East Governors Circle
General Information
Standard status
Active
Size
19,840 SF
Property subtype
Office
Listing Agency:
Zann Commercial Brokerage
(832) 689-0105
Listed By:
Jason C. Kieschnick · License #TX #512911
(832) 689-0105
Source:
Zann
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 30 at 5:18AM
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
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 For Office B
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 | $428.5k | $21.60 |
| − Vacancy | −$120.0k | −$6.05 |
| EGI | $308.6k | $15.55 |
| − OpEx | −$77.1k | −$3.89 |
| NOI | $231.4k | $11.66 |
19,840 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,010
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
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 - 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
