Industrial-Style Duplex with
For Sale
$2,200,000
Pending
808 Coronado Street, Houston, TX 77009
Two flexible units combine exposed brick, steel-framed openings, concrete floors, and private outdoor amenities.
Property Size6,406 SF
Days on Market459
Property Features for 808 Coronado Street
General Information
Standard status
Pending
Size
6,406 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$31,072
Amenities
Central Air, Electric
3
Concrete, Wood, Brick
Dishwasher, Gas Range/Cooktop, Disposal, Wine Refrigerator, Microwave, Refrigerator, Oven
High Ceiling, Window Coverings, Window Treatment, Beamed, Wet Bar
Gunite
Pool
Composition
Rear, Brick Wall
Patio, Roof Top Deck, Deck
Parking. Attached Parking. Deck. Spa. Corner Lot. Fenced Yard.
4 Garage Spaces. Garage, Other Parking.
Brick, Concrete
Other
7125.0
Garage, Private Yard, Deck-Covered, Back Yard, Wet Bar. Other, Corner, Other Road Type.
Building Details
Year Built
1930
Listing Agency:
Compass RE Texas, LLC
(832) 899-4788
Listed By:
Houston · License #0607405
(713) 206-4114
Source:
Xome
Added: May 29, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:58PM
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 Compass RE Texas, LLC
Investment Insights
Based on property information with market context.
This 6,406 SF duplex occupies a 1930 building in Houston Heights and retains architectural details associated with its original structure, including exposed brick, steel-framed windows and doors, concrete floors, and open-beam ceilings. The property contains two separate units, with one arranged across three stories and the other across two. They may operate independently or as a unified space, supporting live-work use, residential occupancy, multi-generational living, commercial activity, or investment ownership as described.
Outdoor improvements include a private courtyard, Gunite pool, patio doors, deck areas, and a rooftop deck. Interior features include central air, a wet bar, dishwasher, gas range/cooktop, disposal, wine refrigerator, microwave, refrigerator, and oven. The property is located at 808 Coronado Street in Houston, Texas 77009.
Outdoor improvements include a private courtyard, Gunite pool, patio doors, deck areas, and a rooftop deck. Interior features include central air, a wet bar, dishwasher, gas range/cooktop, disposal, wine refrigerator, microwave, refrigerator, and oven. The property is located at 808 Coronado Street in Houston, Texas 77009.
Key Highlights
- 6,406 SF duplex at 808 Coronado Street, Houston, TX 77009
- Built in 1930 with exposed brick, steel‑framed windows and doors, concrete floors, and open‑beam ceilings
- Two distinct units: one spans 3 stories and the other spans 2 stories
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
$84,559
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
3.84%
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%
$1,691,180
$1.7M
Cap Rate 7%
$1,207,986
$1.2M
Cap Rate 9%
$939,544
$939.5K
Market Conditions
NOI Build-Up for 6,406 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
$153.7K $24.00/SF
− Vacancy
−$18.4K −$2.88/SF
EGI
$135.3K $21.12/SF
− OpEx
−$50.7K −$7.92/SF
NOI
$84.6K $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 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%
$1,691,180
Cap Rate 7%
$1,207,986
Cap Rate 9%
$939,544
Alternative Uses
Best Use
Mixed Use
$1.21M
$1.06M – $1.41M
NOI $84,559 @ 7.0% cap · market cap 3.84%
Second Best
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,904 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,308 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
Explore this area
Business Placement
Demographics for 77009, TX
36,425
Population
17,890
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
78%
High-School Grad
6.2 sq mi
ZIP Area
5,875
Density / Sq Mi
$81,921
Median Household Income
$49,446
Median Earnings
$1,229
Median Rent
$403,600
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two flexible units combine exposed brick, steel-framed openings, concrete floors, and private outdoor amenities.
Where is this duplex located?
The property is located at 808 Coronado Street Houston, TX.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 6,406 SF duplex at 808 Coronado Street, Houston, TX 77009; Built in 1930 with exposed brick, steel‑framed windows and doors, concrete floors, and open‑beam ceilings; Two distinct units: one spans 3 stories and the other spans 2 stories
