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    14339 Torrey Chase Blvd Houston, TX 77014

    Sponsored
    For Sale
    $70,000

    650 SF Creative Office, 3.2% Cap Rate

    Property size:
    650 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 650-square-foot creative office condo for sale in Houston, Texas. Located within the deed-restricted Atelier of Northchase office park, this single-unit property boasts a 100% occupancy rate with a lease in place until December 31, 2025, offering a remaining lease term of approximately 1.1 years. The property, built in 1982, is a Class D, single-story building. The gross lease covers all exterior maintenance, including roofs, electric gates, water, sewer, garbage disposal, and building insurance, thanks to the active Property Owners Association (POA). The convenient location provides easy access to major thoroughfares like Highway 249, Highway 45, and Beltway 8. The property includes a reserved parking space, with ample additional parking available within the gated community. Atelier of Northchase offers a desirable environment with landscaping features such as trees, water features, walkways, and pergolas. The asking price is $70,000, representing a compelling 3.20% cap rate. This is an ideal opportunity for investors seeking a stable, income-producing asset in a well-maintained and conveniently located office park.

    Property Features for 14339 Torrey Chase Blvd

    General Information

    Property type
    Office space
    Square Feet
    650 SF
    Class
    D

    Building Details

    Year Built
    1982
    Stories
    1
    Units
    1

    HighLights

    • Strong investment opportunity with existing tenant lease through December 31, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allied Appraisal Center Real Estate Appraiser business broker Business Broker Our Creative: Homeschool ... Educational Institution Partners Management Services ... Property Management Company Pacific Inter consulting Business Management Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4916775
    Latitude
    29.9846564

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    FAQs

    What type of property is this?
    Office space - 650 SF Creative Office, 3.2% Cap Rate
    Where is this office space located?
    The property is located at 14339 Torrey Chase Blvd Houston, TX.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Strong investment opportunity with existing tenant lease through December 31, 2025.; ;
    Request Owner's contact information
    14339 Torrey Chase Blvd Houston, TX 77014
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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
    14339 Torrey Chase Blvd Houston, TX 77014
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