Single-Tenant Industrial
For Sale
Contact for pricing
10930 Brittmoore Park Drive, Houston, TX 77041
Houston industrial facility with office space, loading access, crane-ready infrastructure, and occupancy by Agar Corporation, Inc.
Property Size25,000 SF
Lot Size2.04 Acres
Price / SF$200
Days on Market11
Property Features for 10930 Brittmoore Park Drive
General Information
Standard status
Active
Size
25,000 SF
Lot size
2.04 Acres
Property subtype
INDUSTRIAL
Occupancy
100%
Warehouse & Industrial
Clear Height
24 ft
Office Build-Out
2,500 SF
Drive-In Doors
3
Three-Phase Power
Yes
Building Details
Year Built
2014
Buildings
1
Building Size
25,000 SF
Tenancy
Single
Listing Agency:
KBC Advisors
(713) 922-0829
Listed By:
Jim Autenreith · License #TX563384
(713) 922-0829
Source:
Moodyscre
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 29 at 11:44AM
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 KBC Advisors
Investment Insights
Based on property information with market context.
This 25,000-square-foot industrial warehouse sits on approximately 2.04 acres and was constructed in 2014. The single-tenant building contains 2,500 SF of office space, 24-foot clear heights, three-phase power, and three grade-level doors measuring 14' x 16' each. A 10-ton crane-ready configuration adds further industrial utility.
Agar Corporation, Inc. occupies the property, providing an established in-place tenancy. The facility is located at 10930 Brittmoore Park Drive in Houston, Texas, and its physical configuration can accommodate industrial, distribution, or light manufacturing operations as supported by the building improvements.
Agar Corporation, Inc. occupies the property, providing an established in-place tenancy. The facility is located at 10930 Brittmoore Park Drive in Houston, Texas, and its physical configuration can accommodate industrial, distribution, or light manufacturing operations as supported by the building improvements.
Key Highlights
- 25,000 SF industrial building on ±2.04 acres
- Built in 2014 and fully occupied by Agar Corporation, Inc.
- 2,500 SF office component with 24' clear heights
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
$184,008
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
3.68%
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%
$3,680,160
$3.7M
Cap Rate 7%
$2,628,686
$2.6M
Cap Rate 9%
$2,044,533
$2.0M
Market Conditions
NOI Build-Up for 25,000 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
$240.0K $9.60/SF
− Vacancy
−$23.5K −$0.94/SF
EGI
$216.5K $8.66/SF
− OpEx
−$32.5K −$1.30/SF
NOI
$184.0K $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%
$3,680,160
Cap Rate 7%
$2,628,686
Cap Rate 9%
$2,044,533
Alternative Uses
Best Use
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,008 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$2.01M
$1.76M – $2.35M
NOI $140,963 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,000 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
3
Drive-in doors
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77041, TX
35,958
Population
11,877
Households
3
Avg Household Size
38
Median Age
38%
College-Educated
84%
High-School Grad
18.9 sq mi
ZIP Area
1,903
Density / Sq Mi
$79,164
Median Household Income
$40,991
Median Earnings
$1,638
Median Rent
$269,000
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Houston industrial facility with office space, loading access, crane-ready infrastructure, and occupancy by Agar Corporation, Inc.
Where is this warehouse located?
The property is located at 10930 Brittmoore Park Drive Houston, TX.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 25,000 SF industrial building on ±2.04 acres; Built in 2014 and fully occupied by Agar Corporation, Inc.; 2,500 SF office component with 24' clear heights
