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    908 Live Oak St Houston, TX 77003

    Sponsored
    For Lease
    Contact for pricing

    72,376 SF Office Building, 21,053 SF Vacant

    Lot size:
    72,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional executive office space, located at 908 Live Oak St, Building 7 in Houston, Texas, presents a significant opportunity. The property, situated in Harris County, zip code 77003, offers a total of 72,376 square feet within a single-tenant building. Currently, 21,053 square feet of this prime space is available for lease. The building is classified as both retail and office, specifically catering to executive office needs. Its location in Houston's dynamic East Downtown area places it at the gateway to a revitalized urban destination, a project lauded by the city and eagerly anticipated by local businesses and residents. This strategic location offers unparalleled access to the city's vibrant entertainment district, benefiting from the area's rich culture and convenient railway access. The property's substantial size and prime location make it ideal for a variety of businesses seeking a prominent presence in a rapidly evolving and highly sought-after area of Houston. The single-tenant occupancy provides a unique opportunity for a company to establish a significant footprint in this thriving market. This is a chance to be part of a transformative project that is reshaping the landscape of Houston's East Downtown. The available space offers flexibility for customization to meet specific business needs.

    Property Features for 908 Live Oak St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    72,376 SF

    Unit(s) available at that property

    Space
    Building 7
    Size
    21,053 SF

    We can help!

    Listing Contact
    Claire Salazar
    Claire Salazar

    Learn more

    Property Insight Report

    HighLights

    • 72,376 SF single‑tenant building available for lease in Houston, TX.
    • 21,053 SF of prime executive office space currently available.
    • Located at 908 Live Oak St, Building 7, Houston, TX 77003 (Harris County).
    • Retail and office space in Houston's East Downtown, near the city's entertainment district and railway access.
    • Ideal for businesses seeking a prominent presence in a rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magpies & Peacocks Clothing Store Donkeeboy Screen Printing Screen Printer inkedcotton Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3511232
    Latitude
    29.7492012

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    FAQs

    What type of property is this?
    Office Property Space - 72,376 SF Office Building, 21,053 SF Vacant
    Where is this office property space located?
    The property is located at 908 Live Oak St Houston, TX.
    What are key features of this property?
    This property features: 72,376 SF single-tenant building available for lease in Houston, TX.; 21,053 SF of prime executive office space currently available.; Located at 908 Live Oak St, Building 7, Houston, TX 77003 (Harris County).
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    908 Live Oak St Houston, TX 77003
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    908 Live Oak St Houston, TX 77003
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    We can help!
    Listing Contact
    Claire Salazar
    Claire Salazar
    Real Estate License ID: TX 764131
    Learn more
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