Creative Office Space
2417 Sabine St Houston, TX 77007
For Sale
Contact for pricing
Creative office space with convenient access to Downtown and The Heights.
Property Size6,300 SF
Price / SF$238.10
Days on Market1009
Property Features for 2417 Sabine St
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Property subtype
- Industrial, Land
Building Details
- Year Built
- 1940
Listing Agency:
Cunningham Ventures
(281) 489-8800
Listed By:
Preston Cunningham · License #0505246
Source:
Crexi
Added: Oct 20, 2023
Changed: Jul 10
Last Checked: Jul 23 at 8:17AM
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
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 For Office B
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 | $136.1k | $21.60 |
| − Vacancy | −$38.1k | −$6.05 |
| EGI | $98.0k | $15.55 |
| − OpEx | −$24.5k | −$3.89 |
| NOI | $73.5k | $11.66 |
6,300 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Creative space
FAQs
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.
