110 Broadway StLa Porte, TX 77571

Property Details for 110 Broadway St

Year built

1980

Construction

STEEL FRAME

Lot size

0.52 AC

Property size (Sq ft)

5,670 SF

Property type

Office properties

Property subtype

Office buildings

APN

232560810001

APU

232560810001

Description

This exceptional 5,040-square-foot free-standing office/retail complex in downtown La Porte, Texas, presents a compelling investment opportunity. Situated on a 0.52-acre lot with 34 parking spaces, this single-story, 1980-built building underwent renovations in 2018. Currently operating at 60% occupancy with three separate suites (approximately 1,000 sq ft each), it offers a flexible layout suitable for various professional uses. The property boasts a General Commercial (GC) zoning designation and is conveniently located near Highway 146/225, the Port of Houston, and the Houston Shipping Channel. The asking price is $799,000, representing a pro-forma cap rate of 7.57% and a pro-forma NOI of $60,480. The building is currently owner-occupied, with the owner intending to vacate, making it ideal for owner-users or investors. Lease terms are NNN, with a base rent of $12.00/SF/YR plus $6.00/SF/YR NNN. The property is in move-in-ready condition and features three distinct suites: Suite A (open floor plan with two offices, conference room, break room, and restroom)

• CAP approach

  CAP return

  Valuation

  6%

  $1,161,225

  6.5%

  $1,071,900

  7%

  $995,336

• Comparable approach

  Method

  Valuation

  Relative Method

  $838,079

  Geo Method

  $1,697,541

• Alternative Use

  Use

  Valuation

  Residential

  $1,329,156

  Hospitality

  $1,217,500

  Educational

  $1,012,946

  Medical

  $1,047,783

  Retail

  $1,575,694

Location Insight

City

La Porte

County

Harris

State

Texas

Latitude

29.6665

Longitude

-95.019

CBSA code

26420

CBSA name

HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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