210 4Th St Houston, TX 77007
- Office space
- 3,195 SF
- 0.09 lot acres
Current Use by Public Records
- TriVibrance / Health And Beauty Shop
- Heights Skincare & Wellness Retreat / Skin Care Clinic / Facial Spa
Property Details for 210 4Th St
- Year built
- 1920
- Lot size
- 0.09 lot acres
- Property size
- 3,195 SF
- Property type
- Office space
- APN
- 0210430000024
Description
This exceptional investment property, located at 210 E 4th St in Houston, Texas, presents a compelling opportunity. The 3,195 square foot, Class B office building, constructed in 1920, sits on a 0.09-acre lot and boasts a desirable Greater Heights location with convenient access to I-10. Currently occupied by a single tenant under a gross lease, the property offers a 100% occupancy rate and a strong net operating income (NOI) of $36,529, resulting in a 3.85% cap rate. The asking price is $950,000, translating to a price per square foot of $297.34. The current lease, initiated on July 10, 2020, and expiring July 9, 2024, includes three one-year renewal options with a 3% annual rent increase. The building features multiple offices, 3.5 bathrooms, a large kitchen with granite countertops, a media room, a two-car garage with high ceilings, a workshop, a back patio, a small green space, and parking for ten or more cars. The property is fully fenced. This architecturally unique building offers a flexible floor plan and a proven track record of long-term tenancy, making it an attractive investment for discerning buyers. The property's features, combined with its prime location and strong financial performance, make it an ideal addition to any investment portfolio. The Harris County APN is 0210430000024.
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
- -95.395725
- Latitude
- 29.7778145
