Houston Office Building For
5005 E Crosstimbers St Houston, TX 77016
5005 E Crosstimbers St, Houston, TX, 77016
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For Sale
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9,180 SF office building available for purchase in Houston.
Property Size9,180 SF
Price / SF$163.40
Days on Market966
Property Features for 5005 E Crosstimbers St
General Information
- Standard status
- Active
- Size
- 9,180 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2005
Listing agency
CRESA Houston
(713) 993-7029
Listed by
Dustin Cruz · License #TX
Source
Crexi
Added: Nov 30, 2023 Updated: Jul 6 at 8:28AM Checked: Jul 22 at 10:41AM
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 CRESA Houston
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 9,180 square feet. The property is located in Houston, Texas.
Key Highlights
- Built in 2005
Local Financial Insights For Office B
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 | $198.3k | $21.60 |
| − Vacancy | −$55.5k | −$6.05 |
| EGI | $142.8k | $15.55 |
| − OpEx | −$35.7k | −$3.89 |
| NOI | $107.1k | $11.66 |
9,180 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $107,076 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.36M
$2.07M – $2.75M
NOI $165,240 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Robert Selvester
Pediatrician
Diana P Cativo
Physician
Dedicated Senior Medical ...
Medical Clinic
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FAQs
What type of property is this?
Office building - 9,180 SF office building available for purchase in Houston.
Where is this office building located?
The property is located at 5005 E Crosstimbers St Houston, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Built in 2005
