Building Details

Building Size 12,540 SF

Year Built 1950

Stories 2

Listing Agency: BOOM REAL ESTATE

Listed By: Tatum MacNaughton Show Phone

Source: Elliman

Added: Mar 10 Changed: Oct 16 Last Checked: Oct 16 at 10:54AM

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Investment Insights

Based on property information with market context.

This mixed-use property offers 12,540 square feet of space on a 24,500 square foot lot, which is just over 0.56 acres. Currently operating as a diesel mechanic shop, the property includes 9,240 square feet of warehouse space and 3,300 square feet of office and additional shop spaces. There are two office areas suitable for industrial, auto, or service-based businesses. In addition to the commercial space, the property features two residential apartments. Each apartment includes two bedrooms, a bathroom, a kitchen, a living room, and flexible space that can be used as a home office or for extra storage. This property is located in Houston, Texas.

Key Highlights

• Mixed‑use property featuring warehouse, office/shop space, and two residential apartments.
• Large 12,540 sq ft building on a 24,500 sq ft lot (over 0.56 acres).
• 9,240 sq ft of warehouse space suitable for industrial, auto, or service‑based businesses.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,298

Cap Rate

7.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,845,960 $1.8M

Cap Rate 7%

$1,318,543 $1.3M

Cap Rate 9%

$1,025,533 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,540 SF

Gross rent

$120.4K $9.60/SF

− Vacancy

−$11.8K −$0.94/SF

EGI

$108.6K $8.66/SF

− OpEx

−$16.3K −$1.30/SF

NOI

$92.3K $7.36/SF

Area

Houston, TX

Vacancy

9.80%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,845,960

Cap Rate 7%

$1,318,543

Cap Rate 9%

$1,025,533

Alternative Uses

Best Use

Mixed Use

$2.36M

$2.07M – $2.76M (±1% cap)

NOI $165,528 @ 7.0% cap · market cap 13.79%

Second Best

Multifamily LT 5

$2.35M

$2.05M – $2.74M (±1% cap)

NOI $164,245 @ 7.0% cap · market cap 13.69%

Theoretical Best

Office A

$3.22M

$2.82M – $3.76M (±1% cap)

NOI $225,720 @ 7.0% cap · market cap 18.81%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Harris Fuel Injection Auto Repair Shop Harris Fuel Injection ... Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Electrical Service Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

337

Businesses Nearby

Explore this area Business Placement

Demographics for 77020, TX

24,846

Population

10,054

Households

2.5

Avg Household Size

35

Median Age

13%

College-Educated

65%

High-School Grad

7.8 sq mi

ZIP Area

3,185

Density / Sq Mi

$49,481

Median Household Income

$32,573

Median Earnings

$942

Median Rent

$133,600

Median Home Value

Market

Vacancy Rate% for Office in Houston, TX

21.3% 2019

24.5% 2020

25.2% 2021

26% 2022

25.3% 2023

25.5% 2024

24.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Versatile property featuring warehouse, office space, and residential apartments.

Where is this mixed-use property located?

The property is located at 7528 Gainesville St Houston, TX.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Mixed‑use property featuring warehouse, office/shop space, and two residential apartments.; Large 12,540 sq ft building on a 24,500 sq ft lot (over 0.56 acres).; 9,240 sq ft of warehouse space suitable for industrial, auto, or service‑based businesses.**