Downtown Houston Redevelopment
For Sale
Contact for pricing
2120 Louisiana St, Houston, TX 77002
Prime location near Downtown Houston with future development potential.
Property Size2,152 SF
Price / SF$453.07
Days on Market1670
Property Features for 2120 Louisiana St
General Information
Standard status
Active
Size
2,152 SF
Property subtype
Mixed Use, Retail
Lease Type
Gross
Building Details
Year Built
1985
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Leopold & Strahan Realty Group LLC
Listed By:
Rick Wade · License #494393
Source:
Crexi
Added: Mar 25, 2022
Changed: Oct 15
Last Checked: Oct 19 at 6:05AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,119
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
$662.4K
Cap Rate 7%
$473,129
$473.1K
Cap Rate 9%
$367,989
$368.0K
Market Conditions
NOI Build-Up for 2,152 SF
Gross rent
$46.5K $21.60/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$44.2K $20.52/SF
− OpEx
−$11.0K −$5.13/SF
NOI
$33.1K $15.39/SF
Area
Houston, TX
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$662,380
Cap Rate 7%
$473,129
Cap Rate 9%
$367,989
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 77002, TX
19,844
Population
8,960
Households
2.2
Avg Household Size
34
Median Age
37%
College-Educated
86%
High-School Grad
2.0 sq mi
ZIP Area
9,922
Density / Sq Mi
$85,436
Median Household Income
$54,755
Median Earnings
$1,860
Median Rent
$286,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Houston, TX
Frequently Asked Questions
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
