Professional Office Unit For
For Sale
Contact for pricing
14339 Torrey Chase Blvd, Houston, TX 77014
Office unit with reception, offices, kitchenette, and bathrooms.
Property Size1,538 SF
Price / SF$139.79
Days on Market2203
Property Features for 14339 Torrey Chase Blvd
General Information
Standard status
Active
Size
1,538 SF
Class
B
Total Parking Spaces
4
Property subtype
Mixed Use, Office
Occupancy
29%
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Bill Smith · License #TX 291078
(281) 723-3336
Source:
Crexi
Added: Oct 14, 2020
Changed: Oct 21
Last Checked: Oct 24 at 5:34PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Available for sale, Unit E & F offers 1,538 square feet of office space. The layout includes a reception area, three private offices, a kitchenette, and two bathrooms. The primary office and two other offices are spacious, creating a professional setting. Additional features include a large kitchenette and a copy/computer room. The property is located with easy access from Torrey Chase Boulevard, east of Stuebner Airline and south of FM 1960. The Homeowners Association fee for this double unit is $719 per month, covering all exterior maintenance, including roofs, water to the unit, and building insurance.
Key Highlights
- Spacious 1,538 SF office space suitable for purchase or lease
- Includes a reception area, 3 private offices, kitchenette, and 2 bathrooms
- Primary office and 2 other offices are very spacious, creating a professional setting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,939
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,780
$358.8K
Cap Rate 7%
$256,271
$256.3K
Cap Rate 9%
$199,322
$199.3K
Market Conditions
NOI Build-Up for 1,538 SF
Gross rent
$33.2K $21.60/SF
− Vacancy
−$9.3K −$6.05/SF
EGI
$23.9K $15.55/SF
− OpEx
−$6.0K −$3.89/SF
NOI
$17.9K $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%
$358,780
Cap Rate 7%
$256,271
Cap Rate 9%
$199,322
Alternative Uses
Best Use
Office B
$256.3K
$224.2K – $299.0K
NOI $17,939 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.5K
$346.1K – $461.4K
NOI $27,684 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,383
Businesses Nearby
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Business Placement
Demographics for 77014, TX
35,161
Population
13,166
Households
2.7
Avg Household Size
32
Median Age
22%
College-Educated
81%
High-School Grad
7.2 sq mi
ZIP Area
4,883
Density / Sq Mi
$54,456
Median Household Income
$34,192
Median Earnings
$1,220
Median Rent
$213,300
Median Home Value
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Market
Vacancy Rate% for Office in Houston, TX
Frequently Asked Questions
What type of property is this?
Office unit - Office unit with reception, offices, kitchenette, and bathrooms.
Where is this office unit located?
The property is located at 14339 Torrey Chase Blvd Houston, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Spacious 1,538 SF office space suitable for purchase or lease; Includes a reception area, 3 private offices, kitchenette, and 2 bathrooms; Primary office and 2 other offices are very spacious, creating a professional setting
