110 North Broadway St La Porte, TX 77571
This exceptional 5,040-square-foot free-standing office/retail complex in downtown La Porte, Texas, presents a compelling investment opportunity. Situated on a 0.52-acre lot with 34 parking spaces, this single-story, 1980-built building underwent renovations in 2018. Currently operating at 60% occupancy with three separate suites (approximately 1,000 sq ft each), it offers a flexible layout suitable for various professional uses. The property boasts a General Commercial (GC) zoning designation and is conveniently located near Highway 146/225, the Port of Houston, and the Houston Shipping Channel. The asking price is $799,000, representing a pro-forma cap rate of 7.57% and a pro-forma NOI of $60,480. The building is currently owner-occupied, with the owner intending to vacate, making it ideal for owner-users or investors. Lease terms are NNN, with a base rent of $12.00/SF/YR plus $6.00/SF/YR NNN. The property is in move-in-ready condition and features three distinct suites: Suite A (open floor plan with two offices, conference room, break room, and restroom)
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.