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20550 Townsen Blvd
Humble, TX 77338 Lake Houston

$99,900 - $159,000 USD

Office Condos For Sale  •  738+ SF

Property Details

  • Property Type Office
  • Total Building Size 9,210 SF
  • Lot Size 3.35 AC
  • Building Class B
  • Year Built 2008
  • Tenancy Multiple
0 Transit Score
30 Walk Score

5 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 1.206 Flex 738 SF $99,900 USD
  • Unit Size: 738 SF
  • Condo Use: Flex
  • Price: $99,900 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $135.37 USD
Description
UNIT 206, Building 3 – ENTRY-LEVEL OPPORTUNITY ($99,900)
OWN A COMMERCIAL OFFICE CONDO FOR UNDER $100K
Price: $99,900
Size: 738 SF
Private balcony with water view
One of the lowest entry points for commercial ownership in the area.
WHY THIS UNIT WORKS
• Ideal for first-time investors or owner-users
• Flexible use: occupy or lease
• Lower basis allows for strong upside potential
This is an as is unit that is customizable to your vision.

SELLER FINANCING EXAMPLES:
$25,900 down
$74,000 financed
8.95% interest
3-year balloon
or
$44,900 down
$55,000 financed
7.95% interest
3-year Balloon

Accessible entry compared to traditional commercial purchases.

UPSIDE POTENTIAL
• Lease at market rates to generate income
• Benefit from demand for small office spaces
• Opportunity to increase value through occupancy

Sale Notes
Property sold as-is. Buyer to verify all information independently.

1st Floor - Unit 2.102 Flex 797 SF $149,900 USD
  • Unit Size: 797 SF
  • Condo Use: Flex
  • Price: $149,900 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $188.08 USD
Description
UNIT 102, Building 3 – INCOME-PRODUCING INVESTMENT (~9.5%+ CAP)
LEASED UNIT – IMMEDIATE CASH FLOW

Price: $149,900
Rent: ~$1,400/month
NOI: ~$14,240

Tenant in place – income from day one

WHY THIS UNIT WORKS

• Stabilized investment with existing tenant
• No leasing downtime or setup required
• Strong yield for a small commercial asset

Cash-flowing asset with accessible entry

INVESTMENT PROFILE

• Suitable for passive investors
• Predictable monthly income
• Lower price point compared to typical commercial assets

Sale Notes
Asking Price: $149,900
Current Rent: approx. $1,400/month (tenant occupied)
Approx. ROI / Cap Rate: 9.5%+ (based on current rent and operating costs)
Seller Financing Example (terms vary):
$49,000 down
$100,900 seller financing
7.95% interest
3-year balloon

1st Floor - Unit 3.101 Medical Office 797 SF $159,000 USD
  • Unit Size: 797 SF
  • Condo Use: Medical Office
  • Price: $159,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $199.50 USD
Description
UNDER CONTRACT: Unit 101-3 | Townsen Evergreen Plaza – Leased Income-Producing Corner Office Condo (Investor Only) Street-facing, first-floor corner commercial office condo offered as a stabilized investment with a tenant already in place. The unit is currently leased at approximately $1,400/month, providing immediate rental income from day one.
The suite features a functional professional layout including a lobby / flex area, three private offices, a private restroom, and a private kitchenette supporting strong long-term tenant usability and retention. The current tenant operates as a medical office, reinforcing the unit’s suitability for quiet, client-based commercial occupancy.
An excellent option for investors seeking a smaller commercial asset with stable income in a well-located Humble (Houston area) office condo development.
Lease terms and additional financial details available upon request.

Sale Notes
Asking Price: $159,000
Current Rent: approx. $1,400/month (tenant occupied)
Seller Financing Example (terms vary):
$60,000 down
$99,000 seller financing
7% interest
3-year balloon

1st Floor - Unit 4.103 Flex 797 SF $155,000 USD
  • Unit Size: 797 SF
  • Condo Use: Flex
  • Price: $155,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $194.48 USD
Description
UNIT 103, Building 3 – RECENTLY LEASED | STRONG DEMAND

FIRST-FLOOR UNIT | LEASING VELOCITY PROOF

Size: 797 SF
Status: Recently Leased

This unit was recently leased, demonstrating strong demand for similar office condos in the project.

WHY THIS MATTERS

• Confirms demand for small office / professional spaces
• Supports rental range of ~$1,300–$1,500/month
• Reinforces income assumptions for available units

MARKET SIGNAL

• Units lease quickly when priced correctly
• Consistent tenant demand in this location
• Validates investment potential for similar units

OPPORTUNITY

• Comparable units may still be available for purchase
• Potential to lease and generate income
• Suitable for investors or future owner-users

ADDITIONAL INFO

This unit is no longer available
Other units available with similar layouts and pricing
Contact for current availability and leasing projections

1st Floor - Unit 5.204 Flex 738 SF $99,900 USD
  • Unit Size: 738 SF
  • Condo Use: Flex
  • Price: $99,900 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $135.37 USD
Description
UNIT 204, Building 3 – SOLD | STRONG BUYER DEMAND

SECOND-FLOOR BALCONY UNIT

Sale Price: $99,900
Size: 738 SF

Successfully sold — confirming strong demand at current pricing levels

WHY THIS MATTERS

• Buyers are actively purchasing units in this project
• Confirms market acceptance in the $100K–$150K range
• Reinforces value of remaining available units

MARKET SIGNAL

• Affordable office condos are moving
• Limited inventory remains available
• Similar units continue to attract interest

Demand is active, not theoretical

OPPORTUNITY

• Comparable units still available for purchase
• Entry pricing starting around $99K
• Suitable for both investors and owner-users

Early buyers are securing positions while inventory is still available

ADDITIONAL INFO
This unit is sold
Contact for current availability and best-fit opportunities

Highlights

Seller financing available with low down options (~$25K–$50K on select units)
Income-producing units available (~$1,400/month) with immediate cash flow potential
Value-add opportunities with leasing upside and potential rent growth
Owner-user options with street-facing visibility or lower-cost back / second-floor units; select units may also be available for lease
Units from 738–797 SF with layouts suitable for office, medical, and professional use
Located in Humble / NE Houston growth corridor with demand for small office space

Amenities

  • 24 Hour Access
  • Property Manager on Site

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 16 min - 10.5 mi
William P Hobby 49 min - 32.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 30
Type: Surface
Included in Rent: Yes
Stephanie Gray 281-515-0900 JLA Realty
Stephanie Gray 281-515-0900 JLA Realty