Current Use by Public Records
- FedEx Drop Box / Postal Service / Courier Service
Property Details for 5623 Fm 2100 Rd
- Year built
- 1926
- Property type
- Mixed-use properties
Description
This exceptional mixed-use property in Crosby, Texas, presents a compelling investment opportunity. Located at 5623 FM 2100, this 5,360 square foot building, constructed in 1926 and renovated in 2010, boasts seven units and is currently 100% occupied, generating a strong net operating income (NOI) of $49,236. The property offers a 7.29% cap rate and is priced at $675,000 ($125.93/sq ft). The building sits on a 2,100 square foot lot and includes 27 parking spaces on adjacent land. The property features a blend of commercial lease spaces and a residential apartment, providing diverse income streams. All units are currently leased under a net lease agreement with no credit rating provided for the tenants. The building's three stories offer ample space, and its 2010 renovation ensures modern amenities, including updated electrical systems, plumbing, and HVAC. This property offers a unique combination of historic charm and modern functionality, making it an attractive investment in a thriving Texas community. The occupancy date is September 5th, 2023.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Crosby
- County
- Harris
- State
- Texas
- Longitude
- -95.0683
- Latitude
- 29.9096
