Turnkey Office Investment
For Sale
Contact for pricing
218 East Main Street, Humble, TX 77338
Historic Humble office building for sale with immediate occupancy.
Property Size3,950 SF
Price / SF$177.22
Days on Market145
Property Features for 218 East Main Street
General Information
Standard status
Active
Size
3,950 SF
Class
C
Property subtype
Office
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Payton Torres · License #826283
(346) 547-0389
Source:
Crexi
Added: May 26
Changed: Oct 12
Last Checked: Oct 16 at 7:55AM
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 Matthews
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Investment Insights
Based on property information with market context.
This is a turnkey office investment opportunity located in historic Humble. The property offers immediate occupancy and has a size of 3950 square feet.
Key Highlights
- Turnkey office investment ready for you.
- Immediate occupancy available.
- Located in historic Humble.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,738
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,760
$1.0M
Cap Rate 7%
$739,114
$739.1K
Cap Rate 9%
$574,867
$574.9K
Market Conditions
NOI Build-Up for 3,950 SF
Gross rent
$91.0K $23.04/SF
− Vacancy
−$22.0K −$5.58/SF
EGI
$69.0K $17.46/SF
− OpEx
−$17.2K −$4.37/SF
NOI
$51.7K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,034,760
Cap Rate 7%
$739,114
Cap Rate 9%
$574,867
Alternative Uses
Best Use
Office B
$739.1K
$646.7K – $862.3K
NOI $51,738 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$943.7K – $1.26M
NOI $75,499 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,970
Businesses Nearby
Explore this area
Business Placement
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Historic Humble office building for sale with immediate occupancy.
Where is this office building located?
The property is located at 218 East Main Street Humble, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Turnkey office investment ready for you.; Immediate occupancy available.; Located in historic Humble.
