Renovated Office Building Near
For Sale
$930,000
903 S 8th St., La Porte, TX 77571
Recently renovated office building near Houston Ship Channel - Industrial Hub.
Property Size6,000 SF
Days on Market217
Property Features for 903 S 8th St.
General Information
Standard status
Active
Size
6,000 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,000 SF
Year Built
1972
Listing Agency:
Zann Commercial Brokerage
Listed By:
Daniel Henn · License #TX #492084
(832) 816-4478
Source:
Zann
Added: Mar 5
Changed: Sep 9
Last Checked: Oct 7 at 11:14AM
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 Zann Commercial Brokerage
Investment Insights
Based on property information with market context.
This recently renovated office building is situated near the Houston Ship Channel - Industrial Hub, one block east of Highway 146 in La Porte, Texas. The property is located off Fairmont Parkway, providing convenient access to major Gulf Coast industries. Its location allows for a short drive to companies such as Exxon, Mobil, Shell, Phillips 66, Pemex, Air Liquide, and Chevron. The property is positioned between Fairmont Parkway and W. Main / Spencer Hwy, offering easy access to Highway 146 and proximity to the Houston Industrial Ship Channel Area. Ample parking is available.
Key Highlights
- Conveniently located near the Houston Ship Channel - Industrial Hub
- Easy access to Highway 146
- Close proximity to major Gulf Coast industries (Exxon, Mobil, Shell, Phillips 66, Pemex, Air Liquide, Chevron)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,589
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,780
$1.6M
Cap Rate 7%
$1,122,700
$1.1M
Cap Rate 9%
$873,211
$873.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$138.2K $23.04/SF
− Vacancy
−$33.5K −$5.58/SF
EGI
$104.8K $17.46/SF
− OpEx
−$26.2K −$4.37/SF
NOI
$78.6K $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%
$1,571,780
Cap Rate 7%
$1,122,700
Cap Rate 9%
$873,211
Alternative Uses
Best Use
Office B
$1.12M
$982.4K – $1.31M
NOI $78,589 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,682 @ 7.0% cap · market cap 12.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated office building near Houston Ship Channel - Industrial Hub.
Where is this office building located?
The property is located at 903 S 8th St. La Porte, TX.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Conveniently located near the Houston Ship Channel - Industrial Hub; Easy access to Highway 146; Close proximity to major Gulf Coast industries (Exxon, Mobil, Shell, Phillips 66, Pemex, Air Liquide, Chevron)
