6242 Richmond Ave Houston, TX 77057-6212

This exceptional investment opportunity presents two fully leased, single-story warehouse buildings totaling 8,928 square feet, situated on Richmond Avenue near Houston's Galleria area. Built in 2001, this Class B property boasts a 100% occupancy rate since June 1, 2022, generating a current NOI of $125,400 (pro-forma NOI of $140,000) and a 5.97% cap rate (pro-forma 6.67%). The asking price is $2,100,000, translating to $235.22 per square foot. Each building features a 14-foot ceiling height. This multi-tenant property (two tenants) offers a strong, stable cash flow with significant potential for future appreciation in this high-demand commercial district. The property's prime location near major roadways and the Galleria provides excellent visibility and accessibility. The flexible usage allows for continued investment or owner-operator use. This is a rare opportunity to acquire a high-yield, fully leased asset in a thriving Houston commercial hub, offering both immediate income and long-term growth potential. The property's Harris County location, with APN 1217800010001, and ownership by Tajdeep Inc., further solidifies its investment value. The current annual gross revenue is $158,400. This net lease investment is categorized as industrial, mixed-use, and special purpose, with flex and warehouse subtypes, also including auto repair.