Houston Office Space
For Sale
Contact for pricing
Pending
1515 S Sgt Macario Garcia Dr, Houston, TX 77011
Versatile office space near major highways and commercial hubs.
Property Size2,094 SF
Days on Market741
Property Features for 1515 S Sgt Macario Garcia Dr
General Information
Standard status
Pending
Size
2,094 SF
Total Parking Spaces
8
Property subtype
Office
Zoning
No Zoning
Building Details
Year Built
1979
Listing Agency:
SKW Realty
Listed By:
Serene Wong · License #0688577
Source:
Crexi
Added: Aug 28, 2024
Changed: Aug 31
Last Checked: Sep 7 at 12:54AM
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 SKW Realty
Investment Insights
Based on property information with market context.
This office space is situated near major highways and thoroughfares, including Interstate 10 and Loop 610, providing convenient access to downtown Houston, the Port of Houston, and other key business districts. The location's proximity to industrial and commercial centers enhances the potential for attracting tenants from diverse sectors. The surrounding area is experiencing growth and redevelopment, increasing property values and demand for commercial space. The property can be tailored for various business needs, offering flexibility for potential tenants in professional services, healthcare, or small-scale manufacturing. Adequate parking facilities are available. The location is accessible via public transportation, making it convenient for employees and clients. The property is located in a community with a strong workforce and a growing population, which can drive demand for office space. Houston's economy is diversified, reducing the risk of market fluctuations and providing a stable environment for investment. The property offers 2094 square feet of space.
Key Highlights
- Strategic location: Easy access to major highways, downtown Houston, and the Port of Houston.
- Competitive pricing: Offers a potentially higher return on investment.
- Versatile office space: Can be tailored for various business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,424
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,480
$488.5K
Cap Rate 7%
$348,914
$348.9K
Cap Rate 9%
$271,378
$271.4K
Market Conditions
NOI Build-Up for 2,094 SF
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.
Gross rent
$45.2K $21.60/SF
− Vacancy
−$12.7K −$6.05/SF
EGI
$32.6K $15.55/SF
− OpEx
−$8.1K −$3.89/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,480
Cap Rate 7%
$348,914
Cap Rate 9%
$271,378
Alternative Uses
Best Use
Office B
$348.9K
$305.3K – $407.1K
NOI $24,424 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.5K
$471.2K – $628.2K
NOI $37,692 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Versatile office space near major highways and commercial hubs.
Where is this office units located?
The property is located at 1515 S Sgt Macario Garcia Dr Houston, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Strategic location: Easy access to major highways, downtown Houston, and the Port of Houston.; Competitive pricing: Offers a potentially higher return on investment.; Versatile office space: Can be tailored for various business needs.
