404 Newport Blvd - Flex FOR SALE


League City, TX 77573
$990,000 USD
763-498-1941
404 Newport Blvd, League City, TX for Sale
$990,000 USD
Flex - FOR SALE
1/45
null | Request Cap Rate

Jan '27


404 Newport Blvd
League City, TX 77573


HIGHLIGHTS

  • Two recently remodeled flex office/warehouse spaces totaling ±5,800 SF
  • Situated on approximately ±33,733 SF of land
  • Approximately 28 total parking spaces
  • Excellent parking for small fleet and service vehicles
  • Ideal for contractors, HVAC, plumbing, electrical, roofing, pool companies and other service businesses
  • Excellent owner-user opportunity - Occupy one building and lease the other to help offset ownership costs

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

404 406 Newport Blvd

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Loft/Creative Space, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.78

LAND SF

33,773

ZONING

Light Commercial

APN/PARCEL ID

1935-0000-0031-006

ASK ABOUT THIS PROPERTY

Jason SucheckieXp CommercialMore Info
763-498-1941

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Jason SucheckieXp CommercialMore Info
763-498-1941

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.