Elevator-Served Updated Office
For Sale
Contact for pricing
4625 Lillian Street, Houston, TX 77007
Elevator-served updated office building on a full-block inner loop site with quick access to I-10 and central Houston areas.
Property Size23,320 SF
Lot Size1.50 Acres
Price / SF$342.62
Days on Market133
Property Features for 4625 Lillian Street
General Information
Standard status
Active
Size
23,320 SF
Elevators
Yes
Lot size
1.50 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Highway Access
Yes
Building Details
Buildings
1
Building Size
23,320 SF
Listing Agency:
Davis Commercial
(713) 528-9776
Listed By:
Mark Davis · License #409852
(972) 387-0300
Source:
Moodyscre
Added: Jun 19
Changed: Oct 25
Last Checked: Oct 28 at 9:48AM
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
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Investment Insights
Based on property information with market context.
An elevator-served, updated office building offering 23,320 SF within a 1.5-acre inner loop site. The property is presented as a rare assemblage of a full block in the Memorial Heights/Washington Corridor, supported by a floor plan described as efficient with a high office count.
For convenience and connectivity, the location provides quick access to I-10, Downtown, The Heights, and River Oaks. The asset is also available for lease.
The building is offered as-is for user occupancy, while its full-block configuration also supports redevelopment planning for buyers seeking to reposition the site.
For convenience and connectivity, the location provides quick access to I-10, Downtown, The Heights, and River Oaks. The asset is also available for lease.
The building is offered as-is for user occupancy, while its full-block configuration also supports redevelopment planning for buyers seeking to reposition the site.
Key Highlights
- 23,320 SF updated office building
- 1.5‑acre inner loop site
- Rare assemblage of a full block in Memorial Heights/Washington Corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,004
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,440,080
$5.4M
Cap Rate 7%
$3,885,771
$3.9M
Cap Rate 9%
$3,022,267
$3.0M
Market Conditions
NOI Build-Up for 23,320 SF
Gross rent
$503.7K $21.60/SF
− Vacancy
−$141.0K −$6.05/SF
EGI
$362.7K $15.55/SF
− OpEx
−$90.7K −$3.89/SF
NOI
$272.0K $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%
$5,440,080
Cap Rate 7%
$3,885,771
Cap Rate 9%
$3,022,267
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.53M
NOI $272,004 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.00M
$5.25M – $7.00M
NOI $419,760 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,441
Businesses Nearby
Explore this area
Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
Median Home Value
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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 - Elevator-served updated office building on a full-block inner loop site with quick access to I-10 and central Houston areas.
Where is this office building located?
The property is located at 4625 Lillian Street Houston, TX.
What is the asking price?
The asking price for this property is $7,990,000.
What are key features of this property?
This property features: 23,320 SF updated office building; 1.5‑acre inner loop site; Rare assemblage of a full block in Memorial Heights/Washington Corridor
