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    Air-Conditioned Flex Warehouse Suite Title is generated by Realmo AI

    10111 Grant Rd Ste R, Houston, TX 77070

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    New
    For Lease
    $1.15 SF/Yr $862/Mo (calc)

    Flex-ready warehouse with office build-out, air-conditioning, and multiple roll-up doors for efficient loading and operations.

    Type:Industrial
    Property size:
    9,000 SF
    Lot size:
    0.97 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:50 am

    Property Features for 10111 Grant Rd Ste R

    General Information

    Standard status
    Active
    Size
    9,000 SF
    Lot size
    0.97 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    2015

    Spaces For Lease

    at 10111 Grant Rd Ste R Contact us

    We can help!

    Listing Contact
    Mark Terpstra

    Listing agent Mark Terpstra License #TX #443855

    Listing office CALDWELL COMPANIES

    Listing date Jun 2, 2026

    Source Caldwellcos

    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 COMPANIES

    HighLights

    • ±9,000 SF warehouse building on a ±0.97‑acre lot
    • 2015‑built, tilt‑wall construction with a fully air‑conditioned warehouse
    • Office build‑out plus large warehouse doors: 4 total roll‑up doors (2 each side)
    • Easy truck‑court access with a large driveway
    • 3‑phase 480 V service and MUD utilities
    • Deed restricted business park location just off SH 249 near Beltway 8

    Overview

    This is a flex-style industrial suite with a fully air-conditioned warehouse plus office build-out. The tilt-wall construction supports a practical distribution layout, and the space is equipped with four large roll-up doors, with two doors on each side, which can help streamline inbound and outbound operations. Truck access is supported by a large driveway designed for easy truck-court use. Power is available with a 3-phase 480V service, and the property is served by MUD utilities.

    The building is located in a deed-restricted business park, just off the busy SH 249 freeway and near Beltway 8, offering convenient connectivity for commercial routes. A straightforward site layout and truck-friendly access are key considerations for tenants who need reliable movement in and out of the loading area.

    This configuration is well suited for tenants looking for a clean, climate-controlled warehouse environment paired with functional office space on site. The combination of roll-up access, truck-court practicality, and available high-voltage power can support a range of light industrial, distribution, and service-oriented users that benefit from both workspace and storage in one location.
    Location Intelligence

    Current Use by Public Records

    Team Tooke Mixed ... Training Center Sleep Diagnostic Center Medical Clinic Dr. Kris Bhat, ... Physician N.E. Allergy,Asthma & Pulmonary ... Medical Clinic Best Commercial Glass ... Factory

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Prestonwood RV Boat Storage — 13118 Schroeder Rd, Houston, TX 77070
    • Perry Road Storage — 13635 Perry Rd, Houston, TX 77070
    • URS Custom Crating — houston, tx 77269
    • Self Storage — 10756 Grant Rd, Houston, TX 77070

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.569303
    Latitude
    29.967427

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    FAQs

    What type of property is this?
    Warehouse - Flex-ready warehouse with office build-out, air-conditioning, and multiple roll-up doors for efficient loading and operations.
    Where is this warehouse located?
    The property is located at 10111 Grant Rd Ste R Houston, TX.
    What is the lease rate?
    The lease rate is $1.15 SF/Yr.
    What are key features of this property?
    This property features: ±9,000 SF warehouse building on a ±0.97‑acre lot; 2015‑built, tilt‑wall construction with a fully air‑conditioned warehouse; Office build‑out plus large warehouse doors: 4 total roll‑up doors (2 each side)
    (281) 413-7404
    We can help!
    Listing Contact
    Mark Terpstra
    Real Estate License ID: TX #443855
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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