Versatile Cleveland Commercial
500 E Houston Street, Cleveland, TX 77327
For Sale
$500,000
2,800 sq. ft. building ideal for warehouse or office.
Property Size2,800 SF
Lot Size0.36 Acres
Price / SF$178.57
Days on Market278
Property Features for 500 E Houston Street
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Listing Agency:
CAMERON REAL ESTATE
(281) 592-4442
Listed By:
ETHAN CAMERON · License #632765
(832) 579-7713
Source:
Corcoran
Added: Feb 5
Changed: Aug 26
Last Checked: Nov 8 at 4:33AM
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 CAMERON REAL ESTATE
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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 2,800 sq. ft. commercial building, constructed in 1990, is located in Cleveland, Texas. The property is suitable for warehouse operations, office space, or custom development. Its location provides convenient access to major thoroughfares. This property presents an opportunity for either utilizing the existing structure or embarking on a new development project.
Key Highlights
- Prime commercial location in Cleveland.
- Versatile 2,800 sq. ft. building suitable for warehouse, office, or development.
- Easy access to major thoroughfares.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,251
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,020
$285.0K
Cap Rate 7%
$203,586
$203.6K
Cap Rate 9%
$158,344
$158.3K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$21.7K $7.76/SF
− Vacancy
−$1.4K −$0.49/SF
EGI
$20.4K $7.27/SF
− OpEx
−$6.1K −$2.18/SF
NOI
$14.3K $5.09/SF
Area
Liberty County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$285,020
Cap Rate 7%
$203,586
Cap Rate 9%
$158,344
Alternative Uses
Best Use
Industrial
$203.6K
$178.1K – $237.5K
NOI $14,251 @ 7.0% cap · market cap 2.85%
Second Best
Flex RnD
$191.3K
$167.4K – $223.2K
NOI $13,389 @ 7.0% cap · market cap 2.68%
Theoretical Best
Multifamily LT 5
$31.39M
$27.47M – $36.62M
NOI $2,197,450 @ 7.0% cap · market cap 439.49%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
936
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - 2,800 sq. ft. building ideal for warehouse or office.
Where is this flex space located?
The property is located at 500 E Houston Street Cleveland, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Prime commercial location in Cleveland.; Versatile 2,800 sq. ft. building suitable for warehouse, office, or development.; Easy access to major thoroughfares.
