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    11249 I-10 East Mont Belvieu, TX

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    For Lease
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    262,363 SF warehouse and distribution space available for lease.

    Type:INDUSTRIAL
    Property size:
    262,363 SF
    Lot size:
    49.54 Acres
    Added:
    Nov 21, 2022
    Days on Market:
    1252
    Last Refresh:
    Apr 5 at 8:13 pm

    Property Features for 11249 I-10 East

    General Information

    Standard status
    Active
    Size
    262,363 SF
    Lot size
    49.54 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 11249 I-10 East Contact us

    We can help!

    Listing Contact
    Nathan Wynne
    Nathan Wynne

    Listing agent Nathan Wynne

    Listing office CBRE, Inc.

    Listing date Nov 21, 2022

    Source Moodyscre

    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 CBRE, Inc.

    Overview

    Mont Belvieu Warehouse and Distribution

    This 262,363 square foot property in Mont Belvieu, Texas, offers 258,883 square feet of warehouse space and 3,480 square feet of office space. The warehouse features a 40-foot clear height, 52 dock doors (9’ x 10’), and 2 drive-in ramps (14’ x 16’). It is equipped with an ESFR sprinkler system and 1,400 amps of 3-phase, 480V power. The property includes 51 trailer parking spaces and 92 auto parking spaces. It is suitable for warehouse, industrial, and distribution purposes.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Similar Places Nearby

    • Enterprise Products West Storage — 2707 W Winfree St, Mont Belvieu, TX 77523
    • Enterprise Products Central Control Building — Mont Belvieu, TX 77523
    • Mt Belvieu Storage — Mont Belvieu, TX 77523
    • Central Storage — 2502-2998 N FM 565, Mont Belvieu, TX 77523

    Map

    City
    Mont Belvieu
    County
    Chambers
    State
    Texas
    Longitude
    -94.8908
    Latitude
    29.8477

    Nearby Similar for Lease

    • $24 SF/Yr

      Mont Belvieu Office Space Available

      Multi-tenant office building with suite available near Grand Parkway.
      2830 North FM 565, Mont Belvieu, TX
      View Details
    • Contact for pricing

      AmeriPort Industrial Park Availability

      835-acre industrial park with rail connectivity and FTZ designation.
      Ameriport Pkwy, Mont Belvieu, TX
      View Details

    FAQs

    What type of property is this?
    Warehouse - 262,363 SF warehouse and distribution space available for lease.
    Where is this warehouse located?
    The property is located at 11249 I-10 East Mont Belvieu, TX.
    What is the lease rate?
    The lease rate is $0.61 SF/Yr.
    What are key features of this property?
    This property features: 258,883 SF of warehouse space provides ample room.; Benefit from the **40' clear height**, allowing efficient vertical storage.; 52 dock doors (9’ x 10’) facilitate efficient loading and unloading.
    (713) 206-3881 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nathan Wynne
    Nathan Wynne
    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.

    More about this property
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