Downtown Houston Redevelopment
2120 Louisiana St Houston, TX 77002
2120 Louisiana St, Houston, TX, 77002
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For Sale
Contact for pricing
Prime location near Downtown Houston with future development potential.
Property Size2,152 SF
Price / SF$453.07
Days on Market1580
Property Features for 2120 Louisiana St
General Information
- Standard status
- Active
- Size
- 2,152 SF
- Property subtype
- Mixed Use, Retail
Building Details
- Year Built
- 1985
Listing Agency
Leopold & Strahan Realty Group LLC
Listed by
Rick Wade · License #494393
Source
Crexi
Added: Mar 25, 2022 Updated: Jul 10 at 3:42 pm Checked: Jul 20 at 3:48 am
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 Leopold & Strahan Realty Group LLC
Investment Insights
Based on property information with market context.
This property is located in close proximity to Downtown Houston and is currently occupied by Hertz Car Rental. The site presents a future development opportunity for an office building.
Key Highlights
- Prime location in the shadow of Downtown Houston
- Great location
- Opportunity for future office building development
Local Financial Insights For Specialty Retail
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 | $46.5k | $21.60 |
| − Vacancy | −$2.3k | −$1.08 |
| EGI | $44.2k | $20.52 |
| − OpEx | −$11.0k | −$5.13 |
| NOI | $33.1k | $15.39 |
2,152 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$473.1K
$414.0K – $552.0K
NOI $33,119 @ 7.0% cap · market cap 3.40%
Second Best
Retail
$416.9K
$364.8K – $486.3K
NOI $29,180 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$553.4K
$484.2K – $645.6K
NOI $38,736 @ 7.0% cap · market cap 3.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
2120 Louisiana St ...
Parking Lot & Garage
Hertz Car Rental ...
Car Rental Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Prime location near Downtown Houston with future development potential.
Where is this car wash located?
The property is located at 2120 Louisiana St Houston, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime location in the shadow of Downtown Houston; Great location; Opportunity for future office building development
