Office and Retail Flex
For Sale
Contact for pricing
512 Uvalde Rd, Houston, TX 77015
The property includes a vacant 4,640 sq ft office building with recently updated interior finishes, plus an adjacent leased building.
Property Size4,640 SF
Lot Size0.45 Acres
Price / SF$298.49
Days on Market167
Property Features for 512 Uvalde Rd
General Information
Standard status
Active
Size
4,640 SF
Lot size
0.45 Acres
Property subtype
OFFICE
Amenities
15 Offices
Two Lobbies
Storage Rooms
Laundry Room
Conference Room
Kitchen Area
Two Full Baths
Two Half Baths
Listing Agency:
RE/MAX East
(713) 451-1733
Listed By:
Cary Stephens · License #0229106
(281) 948-3975
Source:
Moodyscre
Added: Apr 1
Changed: Sep 14
Last Checked: Sep 14 at 8:53AM
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 RE/MAX East
Investment Insights
Based on property information with market context.
The property includes a large 4,640 sq ft office building at 512 Uvalde Rd that is currently vacant, along with a 1,258 sq ft building next door at 13379 Force St that is currently leased to Terminix. The main building has been recently updated with new paint, floors, and granite, and offers a layout with 15 offices, two lobbies, storage rooms, a laundry room, a conference room, a kitchen area, and multiple restrooms including two full baths and two half baths. The seller notes the space can be divided into two units.
Additional shared parking is available in the back between the two buildings. The property sits on two lots totaling 19,575 sq ft of land and has had prior use as a real estate office, administration office, and specialty use.
This offering is being presented for purchase with options for rental income, owner/user use, or a combination of both.
Additional shared parking is available in the back between the two buildings. The property sits on two lots totaling 19,575 sq ft of land and has had prior use as a real estate office, administration office, and specialty use.
This offering is being presented for purchase with options for rental income, owner/user use, or a combination of both.
Key Highlights
- Vacant 4,640 sq ft office building at 512 Uvalde with recently updated interior finishes including new paint, floors, and granite
- Adjacent 1,258 sq ft building at 13379 Force is leased to Terminix for $2,500/month
- Two lots totaling 19,575 sq ft of land with shared parking in the back between the two buildings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,121
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,420
$1.1M
Cap Rate 7%
$773,157
$773.2K
Cap Rate 9%
$601,344
$601.3K
Market Conditions
NOI Build-Up for 4,640 SF
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.
Gross rent
$100.2K $21.60/SF
− Vacancy
−$28.1K −$6.05/SF
EGI
$72.2K $15.55/SF
− OpEx
−$18.0K −$3.89/SF
NOI
$54.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,082,420
Cap Rate 7%
$773,157
Cap Rate 9%
$601,344
Alternative Uses
Best Use
Office B
$773.2K
$676.5K – $902.0K
NOI $54,121 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,520 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
636
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The property includes a vacant 4,640 sq ft office building with recently updated interior finishes, plus an adjacent leased building.
Where is this office building located?
The property is located at 512 Uvalde Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: Vacant 4,640 sq ft office building at 512 Uvalde with recently updated interior finishes including new paint, floors, and granite; Adjacent 1,258 sq ft building at 13379 Force is leased to Terminix for $2,500/month; Two lots totaling 19,575 sq ft of land with shared parking in the back between the two buildings
