210 4Th StHouston, TX 77007

For Sale
$950,000

Prime Houston location, strong tenant, high NOI.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Property Details for 210 4Th St

Property type
Other office properties, Office space
Square Feet
3,195 SF
Class
B
Year Built
1920
Buildings
1
Stories
2
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.7778145
Longitude
-95.395725
210 4Th St, Houston, Texas

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210 4Th St
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