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Property profile & analytics
FOR SALE
Office buildings

110 North Broadway St La Porte, TX 77571

5,670 SF 0.52 ac lot Built 1980
Entity Owned 17-yr Hold ~ Est. High Equity
Property ID
US83-3433798
Property summary
AI-generated overview

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)

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Construction STEEL FRAME
Total area 5,670 SF
Lot 0.52 ac (22,477 SF)
APN 232560810001
UPID US83-3433798
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Wwlg LLC · 17 yrs held
Wwlg LLC
since 2008
2 recorded transactions
2008
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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