Office Conversion with Grade-Level
For Sale
Contact for pricing
Pending
2507 CANAL ST, Houston, TX 77003
Two-building property with warehouse and retail space, offering office-conversion options near the County Courthouse.
Property Size6,480 SF
Lot Size0.25 Acres
Days on Market239
Property Features for 2507 CANAL ST
General Information
Standard status
Pending
Size
6,480 SF
Lot size
0.25 Acres
Property subtype
OFFICE
Warehouse & Industrial
Warehouse Space
3,100 SF
Drive-In Doors
2
Building Details
Buildings
2
Listing Agency:
Carlos Garcia Realty
(281) 235-9904
Listed By:
Bill Garcia · License #174458
Source:
Moodyscre
Added: Dec 4, 2025
Changed: Jul 29
Last Checked: Jul 30 at 2:09PM
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 Carlos Garcia Realty
Investment Insights
Based on property information with market context.
Two-building property totaling 6,480 SF on 11,000 SF of land (HCAD). Building 1 at 2507 Canal St. is a historic warehouse built in 1930 with 3,100 SF, including a small mezzanine office and one full and one half bath in the warehouse. The building also features two grade level doors.
Building 2 at 2509 Canal St. is a large two-story residence built in 1903 with 2,848 SF, plus a small front retail space built in 1948 with 532 SF. The front retail includes mosaic floors and the residence has three full baths. The configuration may support conversion to uses such as a law office, and the property is within 1 mile of the County Courthouse. It is described as walking distance to downtown.
Building 2 at 2509 Canal St. is a large two-story residence built in 1903 with 2,848 SF, plus a small front retail space built in 1948 with 532 SF. The front retail includes mosaic floors and the residence has three full baths. The configuration may support conversion to uses such as a law office, and the property is within 1 mile of the County Courthouse. It is described as walking distance to downtown.
Key Highlights
- Two buildings totaling 6,480 SF on 11,000 SF land (HCAD)
- 2507 Canal St. historic warehouse built 1930 with 3,100 SF
- Small mezzanine office plus 1 full and 1 half bath in Building 1
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 | $140.0k | $21.60 |
| − Vacancy | −$39.2k | −$6.05 |
| EGI | $100.8k | $15.55 |
| − OpEx | −$25.2k | −$3.89 |
| NOI | $75.6k | $11.66 |
6,480 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.08M
$944.8K – $1.26M
NOI $75,583 @ 7.0% cap · market cap 7.23%
Second Best
Warehouse
$681.4K
$596.2K – $794.9K
NOI $47,695 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,640 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 77003, TX
11,874
Population
6,201
Households
1.9
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
2.7 sq mi
ZIP Area
4,398
Density / Sq Mi
$88,837
Median Household Income
$63,831
Median Earnings
$1,562
Median Rent
$363,000
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-building property with warehouse and retail space, offering office-conversion options near the County Courthouse.
Where is this office building located?
The property is located at 2507 CANAL ST Houston, TX.
What is the asking price?
The asking price for this property is $1,045,000.
What are key features of this property?
This property features: Two buildings totaling 6,480 SF on 11,000 SF land (HCAD); 2507 Canal St. historic warehouse built 1930 with 3,100 SF; Small mezzanine office plus 1 full and 1 half bath in Building 1
