Iconic Heights Boulevard
638 Heights Blvd, Houston, TX 77007
For Sale
Contact for pricing
Live, work, and entertain in an ideal location.
Property Size4,048 SF
Price / SF$443.43
Days on Market257
Property Features for 638 Heights Blvd
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
eXp Realty LLC
Listed By:
Shawn Manderscheid · License TX #463952
(281) 773-0195
Source:
Crexi
Added: Feb 28
Changed: Nov 4
Last Checked: Nov 10 at 6:54AM
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
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Investment Insights
Based on property information with market context.
This iconic Heights Boulevard property offers a blend of history and technological innovation. Originally a residence, it was converted to an office space and underwent a major renovation in 2016, expanding to over 4,000 square feet. The renovation included new electrical and plumbing systems, as well as solid oak flooring throughout. In 2016, the property was certified by the city for commercial occupancy, which included the addition of expanded parking, a front ramp, and emergency lighting. Currently used as a real estate office, the property features a Savant Home Automation system, allowing control of the entire building from a phone, including setting scenes and turning the office on or off with a single button. Parking is available in the front and rear, with alley access, as well as a two-car garage. The property is ideally located steps from the Hike & Bike Path, near I-10, and across the street from Heights Mercantile. This property is suitable for various business uses.
Key Highlights
- Prime location on Heights Boulevard, steps from Hike & Bike Path and across from Heights Mercantile.
- Versatile property: Live, Work & Entertain in one location.
- Extensive 2016 renovation and expansion to 4,000+ sqft with new electric, plumbing, and solid oak flooring.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,434
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,068,680
$1.1M
Cap Rate 7%
$763,343
$763.3K
Cap Rate 9%
$593,711
$593.7K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$97.2K $24.00/SF
− Vacancy
−$11.7K −$2.88/SF
EGI
$85.5K $21.12/SF
− OpEx
−$32.1K −$7.92/SF
NOI
$53.4K $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%
$1,068,680
Cap Rate 7%
$763,343
Cap Rate 9%
$593,711
Alternative Uses
Best Use
Mixed Use
$763.3K
$667.9K – $890.6K
NOI $53,434 @ 7.0% cap · market cap 2.98%
Second Best
Office B
$674.5K
$590.2K – $786.9K
NOI $47,216 @ 7.0% cap · market cap 2.63%
Theoretical Best
Office A
$1.04M
$910.8K – $1.21M
NOI $72,864 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
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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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Market
Properties on Market for Office buildings in Houston
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office building - Live, work, and entertain in an ideal location.
Where is this office building located?
The property is located at 638 Heights Blvd Houston, TX.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Prime location on Heights Boulevard, steps from Hike & Bike Path and across from Heights Mercantile.; Versatile property: Live, Work & Entertain in one location.; Extensive 2016 renovation and expansion to 4,000+ sqft with new electric, plumbing, and solid oak flooring.
