Renovated Office
For Sale
Contact for pricing
4900 Travis Street, Houston, TX 77002
Renovated office property near Main Street with access to Downtown, TMC, and Rice University.
Property Size8,888 SF
Price / SF$410.67
Days on Market59
Property Features for 4900 Travis Street
General Information
Standard status
Active
Size
8,888 SF
Property subtype
OFFICE
Occupancy
58%
Net Operating Income
$76,000
Building Details
Year Built
1951
Building Size
8,888 SF
Listing Agency:
Davis Commercial
(713) 528-9776
Listed By:
Mark Davis · License #409852
(972) 387-0300
Source:
Moodyscre
Added: Aug 21
Changed: Oct 1
Last Checked: Oct 16 at 12:02PM
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.
This 8,888-square-foot office building has undergone renovation and is configured for professional office use. The property was designed in 1951 by Houston architect Philip G. Willard, adding a documented architectural history to the asset.
Located one block from Main Street in Houston’s Museum District, the building offers access to Downtown, the Texas Medical Center, and Rice University. The property is 58% occupied with short-term leases, providing an existing leasing profile for an investor or owner-user evaluating the opportunity.
Located one block from Main Street in Houston’s Museum District, the building offers access to Downtown, the Texas Medical Center, and Rice University. The property is 58% occupied with short-term leases, providing an existing leasing profile for an investor or owner-user evaluating the opportunity.
Key Highlights
- 8,888 SF renovated office building
- Designed in 1951 by Houston architect Philip G. Willard
- One block from Main Street in the Museum District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,670
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,073,400
$2.1M
Cap Rate 7%
$1,481,000
$1.5M
Cap Rate 9%
$1,151,889
$1.2M
Market Conditions
NOI Build-Up for 8,888 SF
Gross rent
$192.0K $21.60/SF
− Vacancy
−$53.8K −$6.05/SF
EGI
$138.2K $15.55/SF
− OpEx
−$34.6K −$3.89/SF
NOI
$103.7K $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%
$2,073,400
Cap Rate 7%
$1,481,000
Cap Rate 9%
$1,151,889
Alternative Uses
Best Use
Office B
$1.48M
$1.30M – $1.73M
NOI $103,670 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $159,984 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
58%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,991
Businesses Nearby
Explore this area
Business Placement
Demographics for 77002, TX
19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
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 - Renovated office property near Main Street with access to Downtown, TMC, and Rice University.
Where is this office building located?
The property is located at 4900 Travis Street Houston, TX.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 8,888 SF renovated office building; Designed in 1951 by Houston architect Philip G. Willard; One block from Main Street in the Museum District
