4029 Melbourne St. - Stewart Automotive | 4029 Melbourne St
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4029 Melbourne St. - Stewart Automotive 4029 Melbourne St
2,574 SF 100% Leased Retail Building Houston, TX 77026 $460,000 ($179/SF) 13.57% Cap Rate
Investment Highlights
- Established Automotive Business (41 Years) operating at this location.
- All equipment, tools, and car lifts included.
- Office space for business and (3) 1-bedroom apartments in main building!
Executive Summary
Established automotive repair property/business and equipment for sale. In addition to the office space for the automotive business, there are Three (1) bedroom apartments in the main building that are all currently leased on a month-to-month basis. Great location near Hwy 59 and Loop 610!
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 |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
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 | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,574 SF
Year Built/Renovated
1983/2000
Price
$460,000
Price Per SF
$179
Cap Rate
13.57%
NOI
$62,400
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.15
Land Acres
0.40 AC
Frontage
100 FT on Melbourne St.
Amenities
- Fenced Lot
-
Chad Maxwell -
The Commercial Group at JLA Realty
1 of 8
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4029 Melbourne St. - Stewart Automotive | 4029 Melbourne St
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