Houston East End Boutique
For Sale
Contact for pricing
3902 MCKINNEY ST, Houston, TX
Transformed 3,200 sqft metal warehouse with two boutique units.
Property Size3,200 SF
Lot Size0.15 Acres
Price / SF$257.81
Days on Market335
Property Features for 3902 MCKINNEY ST
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.15 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Greater Eastwood
Listing Agency:
Eastwood Realty
(713) 714-3088
Listed By:
Loren Miner · License #688074
(626) 826-5906
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 1
Last Checked: Oct 24 at 9:22PM
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 Eastwood Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,200 sqft metal warehouse building in Houston's East End has been transformed into two boutique units. Each unit features a separate entrance, high ceilings, and natural light. The units include bathrooms and exposed A/C. Elegant glass garage doors are fitted with storm shutters. The property is located just off McKinney St. in a rapidly evolving neighborhood. This property offers the opportunity to create a living space.
Key Highlights
- Two boutique units inside a transformed 3,200 sqft metal warehouse.
- Separate entrances for each unit ensuring privacy.
- Contemporary makeover with modern elegance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,325
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,500
$746.5K
Cap Rate 7%
$533,214
$533.2K
Cap Rate 9%
$414,722
$414.7K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$19.4K −$6.05/SF
EGI
$49.8K $15.55/SF
− OpEx
−$12.4K −$3.89/SF
NOI
$37.3K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$746,500
Cap Rate 7%
$533,214
Cap Rate 9%
$414,722
Alternative Uses
Best Use
Office B
$533.2K
$466.6K – $622.1K
NOI $37,325 @ 7.0% cap · market cap 4.52%
Second Best
Warehouse
$336.5K
$294.4K – $392.6K
NOI $23,553 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,102
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Transformed 3,200 sqft metal warehouse with two boutique units.
Where is this warehouse located?
The property is located at 3902 MCKINNEY ST Houston, TX.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Two boutique units inside a transformed 3,200 sqft metal warehouse.; Separate entrances for each unit ensuring privacy.; Contemporary makeover with modern elegance.
