8209 Howard Dr Houston, TX 77017
- Commercial real estate
- 2,585 SF
Current Use by Public Records
- Commercial real estate
Property Details for 8209 Howard Dr
- Year built
- 1938
- Property size
- 2,585 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.2615652
- Latitude
- 29.6807417
