Two-Story Flex Space with
For Sale
$2,250,000
5010 Nolda Street, Houston, TX 77007
Adaptable two-story property combines office, showroom, gallery, and live-work configurations with separate work and living areas.
Property Size5,760 SF
Lot Size0.24 Acres
Price / SF$390.63
Days on Market48
Property Features for 5010 Nolda Street
General Information
Standard status
Active
Size
5,760 SF
Total Parking Spaces
12
Lot size
0.24 Acres
Property subtype
FlexIndustrial
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Fenced Yard
Yes
Additional Details
Asking Price
$2,250,000
Building Details
Year Built
1995
Year Renovated
2015
Stories
2
Building Size
5,760 SF
Listing Agency:
CBRE, Inc.
Listed By:
Jazz Hamilton · License #0579140
(713) 577-1805
Source:
Cbre
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 28 at 7:34AM
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 CBRE, Inc.
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Investment Insights
Based on property information with market context.
This 5,760 SF two-story flex property supports flexible commercial or residential use. The first level includes a front office, a rear office with built-in storage and French doors, five additional rooms suited to office or showroom/gallery functions, and a kitchenette. The second level contains a large open office with conference area, a full kitchen, and a living loft with 3 bedrooms, 3 full baths, and 1 half bath.
Built in 1995, the building received a metal roof and second-level living loft in 2012, followed by a downstairs office and second-level office suite in 2015. The property includes a 5,000 SF fenced and gated parking lot with 12 spaces on approximately 0.24 AC. It is located inside the 610 Loop, with access to The Heights, Washington Avenue, River Oaks, Memorial Park, Downtown Houston, The Medical Center, and major thoroughfares.
Built in 1995, the building received a metal roof and second-level living loft in 2012, followed by a downstairs office and second-level office suite in 2015. The property includes a 5,000 SF fenced and gated parking lot with 12 spaces on approximately 0.24 AC. It is located inside the 610 Loop, with access to The Heights, Washington Avenue, River Oaks, Memorial Park, Downtown Houston, The Medical Center, and major thoroughfares.
Key Highlights
- 5,760 SF two‑story flex property on approximately 0.24 AC
- Flexible commercial or residential configuration with separate work and living areas
- Second‑level living loft includes 3 bedrooms, 3 full baths, and 1 half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,032
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,640
$1.5M
Cap Rate 7%
$1,086,171
$1.1M
Cap Rate 9%
$844,800
$844.8K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$138.2K $24.00/SF
− Vacancy
−$16.6K −$2.88/SF
EGI
$121.7K $21.12/SF
− OpEx
−$45.6K −$7.92/SF
NOI
$76.0K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,640
Cap Rate 7%
$1,086,171
Cap Rate 9%
$844,800
Alternative Uses
Best Use
Mixed Use
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 3.38%
Second Best
Office B
$959.8K
$839.8K – $1.12M
NOI $67,185 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,680 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,778
Businesses Nearby
Under-served
Demand for This Use
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
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Frequently Asked Questions
What type of property is this?
Flex space - Adaptable two-story property combines office, showroom, gallery, and live-work configurations with separate work and living areas.
Where is this flex space located?
The property is located at 5010 Nolda Street Houston, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 5,760 SF two‑story flex property on approximately 0.24 AC; Flexible commercial or residential configuration with separate work and living areas; Second‑level living loft includes 3 bedrooms, 3 full baths, and 1 half bath
