603 E 1st Street
About This Property
* As-Is Sale *
Discover this exceptional commercial office building in Humble, TX! Built in 1983, this 1,728 sq. ft. property offers five versatile rooms, a half-bath, and a charming covered front porch, perfect for welcoming clients. Sitting on approximately 0.1561 acres with a pier-and-beam foundation, this space combines character and functionality. The HVAC system was replaced just two years ago, ensuring modern comfort. Only one building and roughly half the lot, fronting 1st St East (Lot 7 Block 8), are included in this sale. Refer to the survey in the Transaction Desk for details. Ideal for businesses looking to thrive in a high-visibility location, this property is a must-see!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Nov 19, 2024 | Listed by Rogers Healy & Associates | $189,000 | |
| Listed by Rogers Healy & Associates | |||
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* Commercial Use, currently *
* As-Is Sale *
Discover this exceptional commercial office building in Humble, TX! Built in 1983, this 1,728 sq. ft. property offers five versatile rooms, a half-bath, and a charming covered front porch, perfect for welcoming clients. Sitting on approximately 0.1561 acres with a pier-and-beam foundation, this space combines character and functionality. The HVAC system was replaced just two years ago, ensuring modern comfort. Only one building and roughly half the lot, fronting 1st St East (Lot 7 Block 8), are included in this sale. Refer to the survey in the Transaction Desk for details. Ideal for businesses looking to thrive in a high-visibility location, this property is a must-see!
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About Humble
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Last Updated: 4 months ago
Data Source: HAR , MLS# 12068126
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