Single-Tenant Manufacturing
For Sale
Contact for pricing
10950 Brittmoore Park Drive, Houston, TX 77041
Fully occupied industrial facility with office space, heavy power, overhead cranes, and grade-level loading access.
Property Size25,000 SF
Price / SF$200
Days on Market12
Property Features for 10950 Brittmoore Park Drive
General Information
Standard status
Active
Size
25,000 SF
Property subtype
INDUSTRIAL
Listing Agency:
KBC Advisors
(713) 922-0829
Listed By:
Jim Autenreith · License #TX563384
(713) 922-0829
Source:
Moodyscre
Added: Aug 18
Changed: Aug 23
Last Checked: Aug 29 at 11:20AM
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 single-tenant manufacturing property contains a 25,000 SF industrial building on approximately 2.04 acres. Constructed in 2013, the facility is fully occupied by Bellows Systems, Inc. and includes 5,000 SF of office space within the building. Industrial improvements include 24' clear heights, three-phase power, two 10-ton cranes, and three grade-level loading doors measuring 14' x 16'.
The configuration supports manufacturing, distribution, and other industrial operations requiring substantial vertical clearance, dedicated electrical capacity, crane service, and ground-level loading. The combination of office, production, and material-handling features provides a functional platform for the current occupant and similar industrial users.
The configuration supports manufacturing, distribution, and other industrial operations requiring substantial vertical clearance, dedicated electrical capacity, crane service, and ground-level loading. The combination of office, production, and material-handling features provides a functional platform for the current occupant and similar industrial users.
Key Highlights
- 25,000 SF manufacturing building on approximately 2.04 acres
- Fully occupied by Bellows Systems, Inc.
- Built in 2013 with 5,000 SF of office space
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
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Fully occupied industrial facility with office space, heavy power, overhead cranes, and grade-level loading access.
Where is this manufacturing property located?
The property is located at 10950 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 manufacturing building on approximately 2.04 acres; Fully occupied by Bellows Systems, Inc.; Built in 2013 with 5,000 SF of office space
