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    8209 Howard Dr Houston, TX 77017

    Sponsored
    For Sale
    $490,000

    High-Yield, 100% Occupied Commercial Property

    Property size:
    2,585 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 8209 Howard Dr, Houston, TX 77017, presents a compelling investment opportunity. The property boasts a total of 2,585 square feet situated on a 7,250 square foot lot, encompassing two single-story buildings constructed in 1938. Currently operating at 100% occupancy, it generates a substantial net operating income (NOI) of $13,321, translating to a 2.72% cap rate and a price per square foot of $190. The asking price for this income-producing asset is $490,000. The main building features a reception area, spacious open office space adaptable to cubicles, a kitchen, three bedrooms/offices, and a full bathroom. A separate guest quarters, a consistent income generator, includes a valuable terrace. Recent renovations include new laminate flooring and a fairly new roof. The property is zoned for commercial use and benefits from its prime location near Hobby Airport, Downtown Houston, and the Texas Medical Center, with convenient access to I-45 and a thriving commercial street. The property's concrete construction and strong rental history make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in a high-demand area. This is a rare opportunity to acquire a well-maintained, income-generating property in a rapidly developing part of Houston.

    Property Features for 8209 Howard Dr

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,585 SF

    Building Details

    Year Built
    1938
    Buildings
    2
    Stories
    1

    HighLights

    • $490,000 asking price for a mixed‑use commercial property.
    • 2,585 square feet with a price per square foot of $190.
    • 2.72% cap rate, 100% occupancy, and a net operating income (NOI) of $13,321.
    • Located at 8209 Howard Dr, Houston, TX 77017, on a 7,250 sq ft lot.
    • Built in 1938, featuring two one‑story buildings.
    • Currently zoned for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2615652
    Latitude
    29.6807417

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    FAQs

    What type of property is this?
    Mixed-use property - High-Yield, 100% Occupied Commercial Property
    Where is this mixed-use property located?
    The property is located at 8209 Howard Dr Houston, TX.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: $490,000 asking price for a mixed-use commercial property.; 2,585 square feet with a price per square foot of $190.; 2.72% cap rate, 100% occupancy, and a net operating income (NOI) of $13,321.
    (713) 470-2153
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    8209 Howard Dr Houston, TX 77017
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    Realmo Value Estimation

    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.

    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.

    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
    8209 Howard Dr Houston, TX 77017
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