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7642 Park Place Blvd 3,435 SF Office Building Houston, TX 77087 $424,032 CAD ($123.44 CAD/SF) 9.42% Cap Rate
Investment Highlights
- High Exposure on Park Place Blvd
- Close to Hobby Airport, U of H and Downtown
- Great parking and traffic flow into and around this property
- Perfect for parking space rental
Executive Summary
Lease Options - Please inquire. Prime commercial opportunity on high-traffic Park Place Blvd just minutes from William P. Hobby Airport and major freeways. This 3,435 SF single-story office building sits on two parcels totaling 14,940 SF, offering excellent visibility and accessibility. The property features multiple office spaces, reception area, and on-site parking. Expansive lot provides strong potential for additional income through rental parking for food trucks, work vehicles, trailers, or storage. Ideal for owner-users or investors seeking value-add or redevelopment opportunity in a busy corridor. Property sold As-Is. Contact candiswarner@kw.com
for details.
for details.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Building Size
3,435 SF
Building Class
C
Year Built
1947
Price
$424,032 CAD
Price Per SF
$123.44 CAD
Cap Rate
9.42%
NOI
$39,944 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,435 SF
Building FAR
0.23
Lot Size
0.35 AC
Zoning
GC - General Commercial - Plenty of parking space and easy access in and out for rental parking space.
Parking
10 Spaces (2.91 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $326,512 CAD | |
| Land Assessment | $124,624 CAD | Total Assessment | $451,136 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$124,624 CAD
Improvements Assessment
$326,512 CAD
Total Assessment
$451,136 CAD
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7642 Park Place Blvd
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