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2617 Canal St Houston, TX 77003

OFF-MARKET Office Spaces Google Maps
2,284 SF 0.11 ac lot Built 1940
Estimated value
No estimation on file for this property yet.
Property ID US82-3187562

Property summary

AI-generated overview

This exceptional two-story, Class B office building, totaling 2,284 square feet, presents a unique investment opportunity in Lubbock Grove's vibrant EAST END REVITALIZED submarket. Built in 1940 and extensively renovated in 2019, the property boasts a desirable blend of traditional office space and coworking potential. Currently, 1,040 square feet of space is available for lease across multiple suites within the three-suite building. The 0.114-acre lot (5,000 square feet) offers a building floor area ratio (FAR) of 0.46. The building's central location provides easy access to the courthouse, central business district (CBD), and multiple freeways, making it highly convenient for any business. Enjoy the proximity to restaurants, sporting events, and other amenities. While the building features only two parking spaces, its prime location minimizes the need for extensive on-site parking. Note that there are no elevators in this building. The property's APN is 023-101-000-0009. This is an excellent chance to acquire a well-maintained, centrally located office building in a rapidly developing area.

Property profile

Verified
Property type Office Spaces
Year built 1940
Total area 2,284 SF
Lot 0.11 ac (4,966 SF)
UPID US82-3187562

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Department Store
  • Law Firm
  • Real Estate Agency

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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