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Property profile & analytics
FOR LEASE
Office buildings

2121 San Felipe St Houston, TX 77019

12,878 SF 0.85 ac lot Built 1948
Entity Owned 8-yr Hold Absentee Owner Free & Clear
Property ID
US82-4666999
Property summary
AI-generated overview

This exceptional River Oaks executive office building, located at 2121 San Felipe St, Houston, TX 77019, presents a unique leasing opportunity. The single-story, 10,663 square foot building, constructed in 1948, offers 13 available spaces ranging from 96 to 430 contiguous square feet, perfect for businesses of various sizes. The property features a flexible floor plan, easily adaptable to diverse business needs. With a total of 2,759 square feet currently vacant, there's ample space to accommodate immediate occupancy. The building sits on a generous 37,209 square foot lot and includes a convenient courtyard. Leases are available through December 31, 2025, providing long-term stability. Its Class C designation reflects its character and potential for customization. Situated in the desirable River Oaks submarket of Harris County, this location offers easy access to major highways, ensuring convenient commutes for employees and clients. This property is an ideal choice for businesses seeking a blend of prime location, flexible space, and long-term lease options in the heart of Houston. The minimum leasable space is 96 square feet, while the maximum contiguous space available is 430 square feet. Ample parking is also available on-site.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1948
Construction BRICK
Total area 12,878 SF
Lot 0.85 ac (37,209 SF)
APN 442450000050
UPID US82-4666999
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
Current use
Occupant on record · Public records
  • CASCO SUPPLIES & SERVICES INC. General Contractor
  • Tattva Therapeutic Massage Lymph Drainage Therapist
  • Transcendental Meditation Alternative Medicine Practice Spiritual Center
  • Julian Teal Graphic Design Marketing & Advertising Advertising Agency
  • River Oaks Garage Doors Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$770k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$935k
Owner & transaction history
Coatimundi LLC · 8 yrs held
Coatimundi LLC
since 2018
3 recorded transactions
2019
Price N/A
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.3M +55.9%
Auto repair, garage $1.2M +39.8%
Apartment house (5+ units) $1.1M +24.9%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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