Renovated Mixed-Use Investment
2601 Prospect St Houston, TX 77004
2601 Prospect St, Houston, TX, 77004
Contact for pricing
For Sale
Contact for pricing
Stabilized mixed-use building with a newly executed 3-year lease and recent renovations, including new PEX plumbing.
Property Size4,118 SF
Price / SF$194.27
Days on Market102
Property Features for 2601 Prospect St
General Information
- Standard status
- Active
- Size
- 4,118 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1935
Listing agency
All City Real Estate
(512) 395-5017
Listed by
HASAN YACOUB · License #TX0757742
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 3:50AM Checked: Jul 21 at 3:50AM
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 All City Real Estate
Investment Insights
Based on property information with market context.
This stabilized mixed-use property at 2601 Prospect St is presented as a turnkey, cash-flowing asset with a newly executed 3-year lease in place. The building has been recently renovated and is described as requiring minimal near-term capital expenditures, with low operating expenses for efficient ownership. Recent improvements include newly installed PEX plumbing throughout the entire building, and an NVR security camera system that conveys with the property.
The seller notes a scheduled rent increase of 13% in Year 3. The listing also references an option to purchase an additional nearby property (2603 Prospect) that backs to this one, providing a potential linkage for buyers evaluating related holdings.
The seller notes a scheduled rent increase of 13% in Year 3. The listing also references an option to purchase an additional nearby property (2603 Prospect) that backs to this one, providing a potential linkage for buyers evaluating related holdings.
Key Highlights
- 1935‑built stabilized mixed‑use building with a newly executed 3‑year lease
- Approximately $66,000 in net operating income reported
- Recently renovated with minimal near‑term capital expenditures noted by seller
Local Financial Insights For Retail
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 | $84.5k | $20.52 |
| − Vacancy | −$4.7k | −$1.15 |
| EGI | $79.8k | $19.37 |
| − OpEx | −$23.9k | −$5.81 |
| NOI | $55.8k | $13.56 |
4,118 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$797.7K
$698.0K – $930.6K
NOI $55,838 @ 7.0% cap · market cap 6.98%
Second Best
Mixed Use
$776.5K
$679.5K – $906.0K
NOI $54,358 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.06M
$926.6K – $1.24M
NOI $74,124 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Podmix Studios - An Optical ...
Video Editing Service
Irby Jones Edith ...
Physician
MAW Videography
Film Production
GOTPHOTOSHOUSTON
Photography Service
Optical Legacy Films
Film Production
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FAQs
What type of property is this?
Mixed-use property - Stabilized mixed-use building with a newly executed 3-year lease and recent renovations, including new PEX plumbing.
Where is this mixed-use property located?
The property is located at 2601 Prospect St Houston, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 1935‑built stabilized mixed‑use building with a newly executed 3‑year lease; Approximately $66,000 in net operating income reported; Recently renovated with minimal near‑term capital expenditures noted by seller
