Historic Office
New
For Sale
$525,000
717 East 1st Street, Humble, TX 77338
A standalone corner property includes a reception area, conference room, and three private offices.
Property Size1,508 SF
Lot Size0.25 Acres
Price / SF$348.14
Days on Market3
Property Features for 717 East 1st Street
General Information
Standard status
Active
Size
1,508 SF
Lot size
0.25 Acres
Property subtype
Office
Additional Details
Office Units
1
Amenities
covered front porch
hardwood floors
original crown molding
wood paneling
built-ins
French pocket doors
reception
conference room
three private offices
kitchen
bathroom
supply room
climate-controlled storage
mature landscaping
Building Details
Building Size
1,508 SF
Year Built
1914
Buildings
1
Listing Agency:
Lee & Associates - Houston
Listed By:
Max Welch · License #TX #9012596
(713) 744-7454
Source:
Lee-associates
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 1:59AM
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 Lee & Associates - Houston
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Investment Insights
Based on property information with market context.
Built in 1914, this standalone office property occupies an approximately 0.25-acre corner site in downtown Humble. Its interior pairs hardwood floors, approximately 11-foot ceilings, crown molding, wood paneling, built-ins, and French pocket doors with a professional layout. The floor plan includes reception, a conference room, three private offices, a kitchen, a bathroom, a supply room, and climate-controlled storage.
The property is at 717 East 1st Street and features a covered front porch, on-site parking, and lighted business signage. Established live oak and pecan trees contribute to the landscaped grounds.
The property is at 717 East 1st Street and features a covered front porch, on-site parking, and lighted business signage. Established live oak and pecan trees contribute to the landscaped grounds.
Key Highlights
- Approximately 1,508 SF of office space on approximately 0.25 acres
- Standalone corner property in downtown Humble
- Reception, conference room, and three private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,752
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,040
$395.0K
Cap Rate 7%
$282,171
$282.2K
Cap Rate 9%
$219,467
$219.5K
Market Conditions
NOI Build-Up for 1,508 SF
Gross rent
$34.7K $23.04/SF
− Vacancy
−$8.4K −$5.58/SF
EGI
$26.3K $17.46/SF
− OpEx
−$6.6K −$4.37/SF
NOI
$19.8K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,040
Cap Rate 7%
$282,171
Cap Rate 9%
$219,467
Alternative Uses
Best Use
Office B
$282.2K
$246.9K – $329.2K
NOI $19,752 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$411.8K
$360.3K – $480.4K
NOI $28,823 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,909
Businesses Nearby
Explore this area
Business Placement
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
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 South region
Frequently Asked Questions
What type of property is this?
Office building - A standalone corner property includes a reception area, conference room, and three private offices.
Where is this office building located?
The property is located at 717 East 1st Street Humble, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 1,508 SF of office space on approximately 0.25 acres; Standalone corner property in downtown Humble; Reception, conference room, and three private offices
