Fully Air-Conditioned Warehouse
For Sale
Contact for pricing
10111 Grant Rd, Houston, TX 77070
Warehouse includes office buildout, four large roll-up doors, and air conditioning with 3-phase 480V service.
Property Size9,000 SF
Price / SF$172.22
Days on Market267
Property Features for 10111 Grant Rd
General Information
Standard status
Active
Size
9,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Heavy Power
Yes
Amenities
fully air-conditioned warehouse
office buildout
large driveway with easy truck-court access
Listing Agency:
Caldwell Brokerage
(713) 690-0000
Listed By:
Mark Terpstra · License ##443855
(281) 664-6634
Source:
Moodyscre
Added: Dec 17, 2025
Changed: Sep 9
Last Checked: Sep 9 at 4:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caldwell Brokerage
Investment Insights
Based on property information with market context.
This fully air-conditioned warehouse includes an office buildout and four large roll-up doors, with two doors on each side. The property also features a large driveway designed for straightforward truck-court access and includes 3-phase 480V service.
Located just off busy SH 249 near Beltway 8, the site is within a deed-restricted business park.
With a combination of warehouse and office improvements, the layout is suited for operations requiring both functional shop/storage space and dedicated workplace space.
Located just off busy SH 249 near Beltway 8, the site is within a deed-restricted business park.
With a combination of warehouse and office improvements, the layout is suited for operations requiring both functional shop/storage space and dedicated workplace space.
Key Highlights
- Fully air‑conditioned warehouse with office buildout
- 4 large roll‑up doors (2 each side)
- Large driveway with easy truck‑court access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,243
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,324,860
$1.3M
Cap Rate 7%
$946,329
$946.3K
Cap Rate 9%
$736,033
$736.0K
Market Conditions
NOI Build-Up for 9,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $9.60/SF
− Vacancy
−$8.5K −$0.94/SF
EGI
$77.9K $8.66/SF
− OpEx
−$11.7K −$1.30/SF
NOI
$66.2K $7.36/SF
Area
Houston, TX
Vacancy
9.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,324,860
Cap Rate 7%
$946,329
Cap Rate 9%
$736,033
Alternative Uses
Best Use
Warehouse
$946.3K
$828.0K – $1.10M
NOI $66,243 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.03M – $2.70M
NOI $162,000 @ 7.0% cap · market cap 10.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- URS Custom Crating — houston, tx 77269
- Self Storage — 10756 Grant Rd, Houston, TX 77070
- Perry Road Storage — 13635 Perry Rd, Houston, TX 77070
- Prestonwood RV Boat Storage — 13118 Schroeder Rd, Houston, TX 77070
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse includes office buildout, four large roll-up doors, and air conditioning with 3-phase 480V service.
Where is this warehouse located?
The property is located at 10111 Grant Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully air‑conditioned warehouse with office buildout; 4 large roll‑up doors (2 each side); Large driveway with easy truck‑court access
