Updated Office Building in
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4305 Yoakum Blvd., Houston, TX 77006
Turnkey 5,908 SF office building on 12,250 SF lot.
Property Size5,908 SF
Lot Size0.28 Acres
Price / SF$380.67
Days on Market154
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Property Features for 4305 Yoakum Blvd.
General Information
Standard status
Active
Size
5,908 SF
Lot size
0.28 Acres
Property subtype
Office
Building Details
Year Built
1919
Year Renovated
1990
Buildings
1
Listing Agency:
Davis Commercial a Real Estate Company
Listed By:
Ashley Casterlin · License #TX 642746
(713) 528-9776
Source:
Crexi
Added: May 15
Changed: Oct 9
Last Checked: Oct 14 at 9:36PM
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 Davis Commercial a Real Estate Company
Investment Insights
Based on property information with market context.
This updated 5,908 square foot office building features historic charm and is located on Yoakum Boulevard in Montrose, just off Richmond Avenue. Situated on a 12,250 square foot lot, the property includes multiple private offices and conference rooms. It is suitable for a law firm or other professional services. The property features a gated parking lot and a prime location with quick access to the Med Center, Midtown, and Downtown areas.
Key Highlights
- Prime location in the heart of Montrose with quick access to Med Center, Midtown, and Downtown.
- Turnkey, updated 5,908 SF office building with historic charm.
- Includes multiple private offices and conference rooms, ideal for law firms or professional services.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,911
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,378,220
$1.4M
Cap Rate 7%
$984,443
$984.4K
Cap Rate 9%
$765,678
$765.7K
Market Conditions
NOI Build-Up for 5,908 SF
Gross rent
$127.6K $21.60/SF
− Vacancy
−$35.7K −$6.05/SF
EGI
$91.9K $15.55/SF
− OpEx
−$23.0K −$3.89/SF
NOI
$68.9K $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%
$1,378,220
Cap Rate 7%
$984,443
Cap Rate 9%
$765,678
Alternative Uses
Best Use
Office B
$984.4K
$861.4K – $1.15M
NOI $68,911 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,344 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,818
Businesses Nearby
Explore this area
Business Placement
Demographics for 77006, TX
24,129
Population
16,654
Households
1.4
Avg Household Size
36
Median Age
80%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
10,491
Density / Sq Mi
$102,003
Median Household Income
$73,275
Median Earnings
$1,761
Median Rent
$599,500
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 - Turnkey 5,908 SF office building on 12,250 SF lot.
Where is this office building located?
The property is located at 4305 Yoakum Blvd. Houston, TX.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Prime location in the heart of Montrose with quick access to Med Center, Midtown, and Downtown.; Turnkey, updated 5,908 SF office building with historic charm.; Includes multiple private offices and conference rooms, ideal for law firms or professional services.
