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308 Belcher St
3,400 SF 40% Leased Office Building Cleveland, TX 77327 $550,000 ($162/SF) 9.02% Cap Rate
Investment Highlights
- Income producing property with 9 CAP Rate
- Long term tenants in Units A and B
- 10 CAP is possible with rental of dent equipment and furniture
Executive Summary
Unit B is 600 sqft and is currently leased for $850/mo.
Unit C is 2,038 sqft and is set up as a dentist office with a dental lab. It is currently vacant but rent would be $2,750/mo. Dental equipment and furniture could be leased for an additional $1,000/mo. This would also be a good location for a veterinarian.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Central Heating
- Partitioned Offices
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Unit A is 900 sqft and is currently leased for $1,150/mo. Unit B is 600 sqft and is currently leased for $850/mo. Unit C is 2,038 sqft and is set up as a dentist office with a dental lab. It is currently vacant but rent would be $2,750/mo. Rent includes water, sewer, trash and common area maintenance. Tenant pays electricity, phone and internet. Dental equipment and furniture could be leased for an additional $1,000/mo.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste c | 2,038 SF | Office | Full Build-Out | Now |
1st Fl-Ste c
| Size |
| 2,038 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste c
| Size | 2,038 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Unit A is 900 sqft and is currently leased for $1,150/mo. Unit B is 600 sqft and is currently leased for $850/mo. Unit C is 2,038 sqft and is set up as a dentist office with a dental lab. It is currently vacant but rent would be $2,750/mo. Rent includes water, sewer, trash and common area maintenance. Tenant pays electricity, phone and internet. Dental equipment and furniture could be leased for an additional $1,000/mo.
PROPERTY TAXES
| Parcel Number | 007490-000058-007 | Total Assessment | $330,320 |
| Land Assessment | $115,070 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $215,250 | Tax Year | 2023 |
PROPERTY TAXES
-
Suzanna Cheek -
Anne Vickery & Associates Realty, L.L.C.
Presented by
308 Belcher St
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