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Property profile & analytics
FOR LEASE
Office buildings

2204 Austin St Houston, TX 77002

16,070 SF 0.46 ac lot Built 2021
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US82-5249870
Property summary
AI-generated overview

This newly developed, two-story retail center at 2204 Austin St, Houston, TX 77002, offers exceptional opportunities for businesses seeking a prime location in the coveted Midtown submarket. The property boasts a total of 3,430 maximum contiguous square feet, with 2,850 square feet currently vacant. The building features high-quality construction and is situated on a hard corner at the intersection of Austin Street and Webster Street, ensuring high visibility and accessibility. Second-floor spaces are available in three sizes: approximately 678 square feet, 927 square feet, and 1,245 square feet. The second-floor spaces are offered at a rate of $38.00 per square foot, plus NNN charges. This location provides easy access to two major Houston freeways, I-45 and US-59, and is in close proximity to both Downtown Houston and the rapidly growing EaDo district. The property's strategic location within a thriving area makes it an ideal choice for businesses seeking strong foot traffic and convenient access for customers and employees. This is a rare opportunity to secure space in a brand-new, high-quality retail center in one of Houston's most desirable neighborhoods.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2021
Construction STEEL FRAME
Total area 16,070 SF
Lot 0.46 ac (19,998 SF)
APN 1416790010001
UPID US82-5249870
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
  • Jacqueline Vo, MD Physician
  • Mary Catherine Gibson, MD | Rheumatology Center Of Houston Medical Clinic
  • Rheumatology Center Of Houston | Houston Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$816k
Blend (final) Blend
$675k
Owner & transaction history
WEST ONTARIO MANAGEMENT LLC
WEST ONTARIO MANAGEMENT LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.0M +85.3%
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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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