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404 Newport Blvd
League City, TX 77573
404 406 Newport Blvd · Office Property For Sale
Investment Highlights
- Two recently remodeled flex office/warehouse spaces totaling ±5,800 SF
- Approximately 28 total parking spaces
- Ideal for contractors, HVAC, plumbing, electrical, roofing, pool companies and other service businesses
- Situated on approximately ±33,733 SF of land
- Excellent parking for small fleet and service vehicles
- Excellent owner-user opportunity - Occupy one building and lease the other to help offset ownership costs
Executive Summary
Excellent owner-user or investment opportunity consisting of two separate, recently remodeled flex office/warehouse spaces at 404 & 406 Newport, totaling approximately 5,800 SF on approximately 33,733 SF of land.? Both spaces feature overhead doors and have recently undergone interior improvements including luxury vinyl plank (LVP) flooring, fresh paint, and upgraded LED lighting, providing clean, modern, move-in-ready office environments.? Both spaces offer functional office layouts combined with warehouse/storage areas, making the property ideal for contractors, service businesses, and companies needing professional office space with additional storage and fleet parking.
404 Newport – ±2,400 SF features a reception area, two private offices, open bullpen/work area with kitchenette, conference room, warehouse/storage space, and an overhead door.
406 Newport – ±3,400 SF features a reception area, six private offices, conference room with sink, two restrooms, warehouse/storage space, and an overhead door.
This property offers an excellent opportunity for an owner-occupant to operate from one building while leasing the second space to help offset ownership costs. The property may also be well suited for SBA 504 financing, potentially allowing a qualified owner-user to purchase with as little as 10% down. For investors, leasing both spaces at a projected market base rental rate of approximately $15.00/SF could generate a pro forma NOI of approximately $87,000 annually, nearly 9% Pro Forma CAP rate.
404 Newport – ±2,400 SF features a reception area, two private offices, open bullpen/work area with kitchenette, conference room, warehouse/storage space, and an overhead door.
406 Newport – ±3,400 SF features a reception area, six private offices, conference room with sink, two restrooms, warehouse/storage space, and an overhead door.
This property offers an excellent opportunity for an owner-occupant to operate from one building while leasing the second space to help offset ownership costs. The property may also be well suited for SBA 504 financing, potentially allowing a qualified owner-user to purchase with as little as 10% down. For investors, leasing both spaces at a projected market base rental rate of approximately $15.00/SF could generate a pro forma NOI of approximately $87,000 annually, nearly 9% Pro Forma CAP rate.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,800 SF
Building Class
B
Year Built/Renovated
2007/2020
Price
$1,370,160 CAD
Price Per SF
$236.23 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,800 SF
Building FAR
0.17
Lot Size
0.78 AC
Zoning
Light Commercial - Zoned for light commercial. No hazardous chemicals.
Parking
28 Spaces (4.83 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 1935-0000-0031-006 | Improvements Assessment | $991,467 CAD |
| Land Assessment | $464,755 CAD | Total Assessment | $1,456,223 CAD |
Property Taxes
Parcel Number
1935-0000-0031-006
Land Assessment
$464,755 CAD
Improvements Assessment
$991,467 CAD
Total Assessment
$1,456,223 CAD
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