Mixed-Use Building with Meeting
6626 Capitol St Houston, TX 77011
For Sale
Contact for pricing
Building on a 7,500 sf lot with community meeting space, reception, full kitchen/serving area, and two restrooms.
Property Size2,280 SF
Lot Size0.17 Acres
Price / SF$168.86
Days on Market990
Property Features for 6626 Capitol St
General Information
- Standard status
- Active
- Size
- 2,280 SF
- Lot size
- 0.17 Acres
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1956
Listing Agency:
CENTURY 21 Western Realty
(281) 392-9272
Listed By:
Gregory Post · License #343473
Source:
Crexi
Added: Nov 8, 2023
Changed: Jul 23
Last Checked: Jul 25 at 2:13AM
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 CENTURY 21 Western Realty
Investment Insights
Based on property information with market context.
A 2,280 sf mixed-use building sits on a 7,500 sf lot in the Magnolia Park subdivision of Houston. The interior includes a community meeting area, full kitchen/serving area, a reception area, and two restrooms, providing a functional setup for meetings, service-based operations, or office-related activities.
The property is just off the Harrisburg Blvd. corridor connecting Downtown Houston to the Houston Ship Channel, with close proximity to I-45, Downtown Houston, University of Houston, Houston Ship Channel, and the EADO district. This area is described as an emerging East End revitalization corridor, and the property is located within an Economic Opportunity Zone.
Offered for sale at 6626 Capitol St, the building’s configuration and on-site amenity spaces support a range of mixed-use office and meeting uses.
The property is just off the Harrisburg Blvd. corridor connecting Downtown Houston to the Houston Ship Channel, with close proximity to I-45, Downtown Houston, University of Houston, Houston Ship Channel, and the EADO district. This area is described as an emerging East End revitalization corridor, and the property is located within an Economic Opportunity Zone.
Offered for sale at 6626 Capitol St, the building’s configuration and on-site amenity spaces support a range of mixed-use office and meeting uses.
Key Highlights
- 2,280 SF building on a 7,500 SF lot in the Magnolia Park subdivision
- Year built: 1956
- Includes community meeting area with reception area, full kitchen/serving area, and 2 restrooms
Financial Insights For Mixed Use
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 | $54.7k | $24.00 |
| − Vacancy | −$6.6k | −$2.88 |
| EGI | $48.2k | $21.12 |
| − OpEx | −$18.1k | −$7.92 |
| NOI | $30.1k | $13.20 |
2,280 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$429.9K
$376.2K – $501.6K
NOI $30,096 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$379.9K
$332.4K – $443.2K
NOI $26,594 @ 7.0% cap · market cap 6.91%
Theoretical Best
Office A
$586.3K
$513.0K – $684.0K
NOI $41,040 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ministerio Internacional Santiario ...
Church
FAQs
What type of property is this?
Mixed-use property - Building on a 7,500 sf lot with community meeting space, reception, full kitchen/serving area, and two restrooms.
Where is this mixed-use property located?
The property is located at 6626 Capitol St Houston, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,280 SF building on a 7,500 SF lot in the Magnolia Park subdivision; Year built: 1956; Includes community meeting area with reception area, full kitchen/serving area, and 2 restrooms
