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6968 Howell Sugar Land Rd - Event Cener with Warehouse for Sale

43,000 SF Specialty Building Offered at $8,500,000 at a 1% Cap Rate in Houston, TX 77083

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Investment Highlights

The Property consists of 2 buildings. Bldg. A of 30,000 SF, 2-story, 6 banquet halls, full kitchen, offices. Bldg. B of 12,750 SF warehouse w/ offices
Great for event center, religious facility, and education center..., close to Bellaire Blvd and Highway 6, in SW Houston area

240 parking spaces, 43,000 sq ft buildings on 4 acres land, seating 1,200 guests...

Executive Summary

Currently used by the owner as a banquet and events center. The owner will move out after closing.

information_about_brokerage_services

Financial Summary (Actual - 2022) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
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 - 2022) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

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

Price	$8,500,000	Building Class	B
Price Per SF	$198	Lot Size	4.02 AC
Sale Type	Investment or Owner User	Building Size	43,000 SF
Cap Rate	1%	No. Stories	1
Property Type	Specialty	Year Built	2007
Property Subtype	Lodge/Meeting Hall Specialty Religious Facility Specialty Schools	Parking Ratio	3.79/1,000 SF

Price	$8,500,000
Price Per SF	$198
Sale Type	Investment or Owner User
Cap Rate	1%
Property Type	Specialty
Property Subtype	Lodge/Meeting Hall Specialty Religious Facility Specialty Schools
Building Class	B
Lot Size	4.02 AC
Building Size	43,000 SF
No. Stories	1
Year Built	2007
Parking Ratio	3.79/1,000 SF

Amenities

Signage

Air Conditioning

1 of 1

aerial
map

6968 Howell Sugar Land Rd, Houston, TX - aerial map view - Image1

6968 Howell Sugar Land Rd, Houston, TX - aerial map view - Image2

PROPERTY TAXES

Parcel Number	1300070010001	Total Assessment	$4,446,858 (2023)
Land Assessment	$1,272,428 (2023)	Annual Taxes	($1) ($0.00/SF)
Improvements Assessment	$3,174,430 (2023)	Tax Year	2022