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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
Nearby Similar for Sale
For Sale
$3,148,889
Grant Road Office Complex in Houston TX
4 Office Properties in prime location in Houston, TX 77066
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.