Creative Office Space
For Sale
Contact for pricing
2417 Sabine St, Houston, TX 77007
Creative office space with convenient access to Downtown and The Heights.
Property Size6,300 SF
Price / SF$238.10
Days on Market1101
Property Features for 2417 Sabine St
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Industrial, Land
Site & Location
Neighborhood
Washington Avenue Coalition / Memorial Park
Building Details
Year Built
1940
Listing Agency:
Cunningham Ventures
Listed By:
Preston Cunningham · License #0505246
(512) 677-6665
Source:
Crexi
Added: Oct 20, 2023
Changed: Oct 23
Last Checked: Oct 24 at 3:41PM
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 Cunningham Ventures
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property offers an excellent opportunity for creative office space. The property is located in a regentrifying neighborhood and provides convenient access to Downtown and The Heights. The property size is 6,300 square feet.
Key Highlights
- Excellent opportunity for creative office space.
- Convenient access to Downtown.
- Convenient access to the Heights.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,483
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,660
$1.5M
Cap Rate 7%
$1,049,757
$1.0M
Cap Rate 9%
$816,478
$816.5K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$136.1K $21.60/SF
− Vacancy
−$38.1K −$6.05/SF
EGI
$98.0K $15.55/SF
− OpEx
−$24.5K −$3.89/SF
NOI
$73.5K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,469,660
Cap Rate 7%
$1,049,757
Cap Rate 9%
$816,478
Alternative Uses
Best Use
Office B
$1.05M
$918.5K – $1.22M
NOI $73,483 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,400 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,432
Businesses Nearby
Explore this area
Business Placement
Demographics for 77007, TX
42,908
Population
26,281
Households
1.6
Avg Household Size
34
Median Age
80%
College-Educated
99%
High-School Grad
7.5 sq mi
ZIP Area
5,721
Density / Sq Mi
$140,878
Median Household Income
$92,408
Median Earnings
$1,951
Median Rent
$501,300
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 Houston, TX
Frequently Asked Questions
What type of property is this?
Creative space - Creative office space with convenient access to Downtown and The Heights.
Where is this creative space located?
The property is located at 2417 Sabine 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: Excellent opportunity for creative office space.; Convenient access to Downtown.; Convenient access to the Heights.
