www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31394774
31394775

304 Lockwood Dr, Houston, TX 77011

DF
NewForm Real Estate
Listed by NewForm Real Estate
$309,000
538 days on market
Updated 65 days ago
Opportunity zone

304 Lockwood Drive

Details
APN 0280100000007
Property Type Office, Retail (+1)
Sub Type Convenience Store, Creative Office (+1)
Net Rentable (SqFt) 2,000
Units 2
Cap Rate 9.04%
NOI $27,947
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 3.1
Lease Expiration 04/30/2025
Pro-Forma Cap Rate 14.95%
Pro-Forma NOI $46,200
Class B
Year Built 1935
Year Renovated 2021
Buildings 1
Stories 1
Lot Size (SqFt) 5,850 - 6,600
Parking Spaces 6 spaces
Investment Type Value Add
Lease Commencement 04/01/2022
Occupancy Date 02/15/2025
Ceiling Height 10

Office/ Retail/ Studio Duplex, perfect for owner user/ investor.

Marketing description

17,769 Cars Per Day on Lockwood. Perfect for your business or investor.

6,600SF LOT and 2,200SF BUILDING, 5-6 parking spaces.

Retail/ Office Duplex - Currently Occupied in SUITE A (+/-900SF) CBD Store, and SUITE B (+/-1,100sf) Barbershop.

  • High traffic count and near a Metro Light Rail stop.

  • Updated/ Renovated 2021

  • Perfect Retail/ Office for attorney, doctor or dentist.

  • Value Add Opportunity to improve, remodel and increase NOI

  • Rapidly Developing Area of East End

Investment highlights

  • +/-6,600sf Lot and +/-2,200sf Building

  • Perfect location for Owner User or Investor.

  • Current Leases are up for renewal.

  • Make new leases triple net and increase NOI immediately.

  • Law Office, Chiropractor, Insurance Office, Tax Accountant Office, Art Studio, CBD Dispensary, Quick Service/ Fast Food/ To Go, Cafe, Sandwich Shop

Listing Contacts

DF
NewForm Real Estate
Listed by NewForm Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$27,947.00
$2,328.92/mo

Valuation Metrics

0
DSCR
9.04%
Cap Rate
9.04%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Daniel Feigelson
License
653356
Brokerage Address
3815 Montrose Blvd. Suite #101
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591