Versatile Property with Carport
For Sale
$500,000
5621 Haywood Street, Houston, TX 77016
Spacious lot with garage and separate building, suitable for various uses.
Property Size3,653 SF
Price / SF$136.87
Days on Market390
Property Features for 5621 Haywood Street
General Information
Standard status
Active
Size
3,653 SF
Property subtype
Income
Taxes and HOA fees
Annual Taxes
$3,481
Amenities
Carpet,Plank,Tile,Vinyl
Yes
2
4
Appraiser
Corner Lot
34558
Carport,Workshop in Garage
3653
Building Details
Building Size
3,653 SF
Year Built
1985
Stories
1
Listing Agency:
eXp Realty, LLC
(281) 486-1900
Listed By:
Jamie Maricelli
(281) 923-1628
Source:
Garygreene
Added: Aug 11, 2025
Changed: Sep 4
Last Checked: Jul 26 at 3:10AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This versatile property includes a spacious carport garage and a separate building featuring four rooms and two bathrooms. Previously utilized as a mechanic shop, the generous layout of the lot is suitable for continuing an auto repair business or adapting the space for various purposes. The multiple rooms and bathrooms within the structure present potential for use as offices, a retail store, or a small industrial workspace. The large garage could function as a storage facility, studio, or workshop. This property is located in Houston, TX.
Key Highlights
- Versatile property suitable for various business ventures.
- Separate building with four rooms and two bathrooms, ideal for offices, retail, or workspace.
- Spacious carport garage adaptable for storage, studio, or workshop purposes.
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
$20,597
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
4.12%
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%
$411,940
$411.9K
Cap Rate 7%
$294,243
$294.2K
Cap Rate 9%
$228,856
$228.9K
Market Conditions
NOI Build-Up for 3,653 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
$32.9K $9.00/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$29.4K $8.06/SF
− OpEx
−$8.8K −$2.42/SF
NOI
$20.6K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$411,940
Cap Rate 7%
$294,243
Cap Rate 9%
$228,856
Alternative Uses
Best Use
Retail
$707.6K
$619.2K – $825.6K
NOI $49,533 @ 7.0% cap · market cap 9.91%
Second Best
Industrial
$294.2K
$257.5K – $343.3K
NOI $20,597 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$939.3K
$821.9K – $1.10M
NOI $65,754 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77016, TX
29,966
Population
11,131
Households
2.7
Avg Household Size
37
Median Age
11%
College-Educated
75%
High-School Grad
9.9 sq mi
ZIP Area
3,027
Density / Sq Mi
$46,411
Median Household Income
$30,510
Median Earnings
$1,163
Median Rent
$111,900
Median Home Value
Market
Vacancy Rate% for Retail in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Antoni Paint & Body Shop — 4319 Tidwell Rd, Houston, TX 77093
- Ojeda Auto Center — 4306 Tidwell Rd, Houston, TX 77093
- Frank's Tire Shop — 4314 Tidwell Rd, Houston, TX 77093
- F&A auto service — 4824 Tidwell Rd, Houston, TX 77016
- A&O Quality Tires & Mobile Road Services — 4824 Tidwell Rd, Houston, TX 77016
Frequently Asked Questions
What type of property is this?
Auto shop - Spacious lot with garage and separate building, suitable for various uses.
Where is this auto shop located?
The property is located at 5621 Haywood Street Houston, 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: Versatile property suitable for various business ventures.; Separate building with four rooms and two bathrooms, ideal for offices, retail, or workspace.; Spacious carport garage adaptable for storage, studio, or workshop purposes.
