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    Versatile Cleveland Commercial Building Title is generated by Realmo AI

    500 E Houston St, Cleveland, TX 77327

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    2,800 sq ft building suitable for warehouse or office.

    Type:Industrial, Office
    Property size:
    2,800 SF
    Price / SF:
    $178/SF
    Added:
    Feb 5, 2026
    Days on Market:
    141
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 500 E Houston St

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Industrial, Office

    Building Details

    Year Built
    1990

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    Ethan Cameron

    Listing office Cameron Real Estate

    Listing date Feb 5, 2026

    Source Crexi

    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

    HighLights

    • Prime commercial location in the heart of Cleveland.
    • Versatile 2,800 sq. ft. building suitable for warehouse, office, or custom development.
    • Easy access to major thoroughfares.
    • Built in 1990.
    • Opportunity for new development.
    • Strategic commercial space in a thriving area.

    Overview

    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.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $71.6k $25.56
    − Vacancy −$19.6k −$7.00
    EGI $52.0k $18.56
    − OpEx −$13.0k −$4.64
    NOI $39.0k $13.92
    2,800 SF · lease $25.56/SF/yr · vacancy 27.40% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $556.7K
    $487.1K – $649.5K (±1% cap)
    NOI $38,969 @ 7.0% cap · market cap 7.79%
    Second Best
    Warehouse
    $247.2K
    $216.3K – $288.4K (±1% cap)
    NOI $17,305 @ 7.0% cap · market cap 3.46%
    Theoretical Best
    Multifamily LT 5
    $31.39M
    $27.47M – $36.62M (±1% cap)
    NOI $2,197,450 @ 7.0% cap · market cap 439.49%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Covenant Well of Hope Distribution Center Covenant with Christ ... Food Bank

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.0839173
    Latitude
    30.3407195

    FAQs

    What type of property is this?
    Flex space - 2,800 sq ft building suitable for warehouse or office.
    Where is this flex space located?
    The property is located at 500 E Houston St 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 the heart of Cleveland.; Versatile 2,800 sq. ft. building suitable for warehouse, office, or custom development.; Easy access to major thoroughfares.
    More about this property
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