Cleared Commercial Development
3306 Cavalcade St Houston, TX 77026
For Sale
Contact for pricing
Two adjacent lots with city utilities on site; one is cleared and ready, the other includes an older structure.
Property Size1,800 SF
Price / SF$97.22
Days on Market1238
Property Features for 3306 Cavalcade St
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial, Land, Mixed Use, Office, Retail
Listing Agency:
Texas Tier Realty
Listed By:
Yasir Zulfiqar · License #TX 535825
Source:
Crexi
Added: Mar 3, 2023
Changed: Jul 23
Last Checked: Jul 23 at 2:06AM
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 Texas Tier Realty
Investment Insights
Based on property information with market context.
This offering includes two adjacent commercial lots with city utilities available on site. One lot is cleared and ready for development, while the other includes an older structure of no contributory value. The lots also have on-site utility connections described as approximately a 1.5-inch water line and 2-inch gas line on one lot, and approximately a 1/2-inch water line and gas line on the other lot.
An adjacent lot at 3304 Cavalcade (approximately 7,980 square feet) is also available for purchase, which would create a combined site size of approximately 15,900 square feet if purchased together.
The property may be suitable for a range of general commercial uses, including retail, office, warehouse, business use, or shopping center development. A church or special use may also be possible, subject to City approval and verification. Buyers should independently verify all utilities, lot dimensions, restrictions, and intended use with the City.
An adjacent lot at 3304 Cavalcade (approximately 7,980 square feet) is also available for purchase, which would create a combined site size of approximately 15,900 square feet if purchased together.
The property may be suitable for a range of general commercial uses, including retail, office, warehouse, business use, or shopping center development. A church or special use may also be possible, subject to City approval and verification. Buyers should independently verify all utilities, lot dimensions, restrictions, and intended use with the City.
Key Highlights
- Two adjacent lots with city utilities on site, Tax ID #1: 0701070080026 and Tax ID #2: 0701070080027
- One lot is cleared and ready for development; the other includes an older structure of no contributory value
- Utilities on Lot 1 include an approx. 1.5‑inch water line and 2‑inch gas line on site
Financial Insights For Warehouse
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 | $17.3k | $9.60 |
| − Vacancy | −$1.7k | −$0.94 |
| EGI | $15.6k | $8.66 |
| − OpEx | −$2.3k | −$1.30 |
| NOI | $13.2k | $7.36 |
1,800 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$189.3K
$165.6K – $220.8K
NOI $13,249 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.9K
$405.0K – $540.0K
NOI $32,400 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Two adjacent lots with city utilities on site; one is cleared and ready, the other includes an older structure.
Where is this commercial land located?
The property is located at 3306 Cavalcade St Houston, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Two adjacent lots with city utilities on site, Tax ID #1: 0701070080026 and Tax ID #2: 0701070080027; One lot is cleared and ready for development; the other includes an older structure of no contributory value; Utilities on Lot 1 include an approx. 1.5‑inch water line and 2‑inch gas line on site
