Two-Story Victorian Office
For Sale
Contact for pricing
2509 Canal St, Houston, TX 77003
Historic commercial property with professional office potential and retail space on the first floor.
Property Size3,380 SF
Price / SF$192.31
Days on Market65
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Property Features for 2509 Canal St
General Information
Standard status
Active
Size
3,380 SF
Property subtype
OFFICE
Building Details
Year Built
1903
Buildings
1
Stories
2
Building Size
3,380 SF
Listing Agency:
Carlos Garcia Realty
(713) 924-9100
Listed By:
Bill Garcia · License #174458
(281) 235-9904
Source:
Moodyscre
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 15 at 2:33AM
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.
This two-story Victorian-style property dates to 1903 and contains 3,380 square feet according to HCAD. The building combines office-oriented space with first-floor retail that was added in the 1940s, creating a distinctive commercial configuration for professional or law office use.
The property is located at 2509 Canal Street in Houston, across from a proposed 6 Acre HEB site. Downtown Houston’s Courthouse is within 1 mile, providing proximity to a major civic destination.
The property is located at 2509 Canal Street in Houston, across from a proposed 6 Acre HEB site. Downtown Houston’s Courthouse is within 1 mile, providing proximity to a major civic destination.
Key Highlights
- 3,380 SF‑HCAD historic commercial property
- Two‑story Victorian‑style building constructed in 1903
- First‑floor retail addition dates to the 1940s
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,832
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,640
$916.6K
Cap Rate 7%
$654,743
$654.7K
Cap Rate 9%
$509,244
$509.2K
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$69.4K $20.52/SF
− Vacancy
−$3.9K −$1.15/SF
EGI
$65.5K $19.37/SF
− OpEx
−$19.6K −$5.81/SF
NOI
$45.8K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,640
Cap Rate 7%
$654,743
Cap Rate 9%
$509,244
Alternative Uses
Best Use
Retail
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 7.05%
Second Best
Office B
$563.2K
$492.8K – $657.1K
NOI $39,424 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$869.1K
$760.5K – $1.01M
NOI $60,840 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,602
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
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 - Historic commercial property with professional office potential and retail space on the first floor.
Where is this office building located?
The property is located at 2509 Canal St Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,380 SF‑HCAD historic commercial property; Two‑story Victorian‑style building constructed in 1903; First‑floor retail addition dates to the 1940s
