Metal Warehouse on Large
414 Schweikhardt St Houston, TX
414 Schweikhardt St, Houston, TX, 00000
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For Sale
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10,074 SF warehouse on 45,792 SF land in Houston.
Property Size10,074 SF
Lot Size0.45 Acres
Price / SF$104.23
Days on Market643
Property Features for 414 Schweikhardt St
General Information
- Standard status
- Active
- Size
- 10,074 SF
- Lot size
- 0.45 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Cushman & Wakefield - Houston
(713) 963-2825
Listed by
Coe Parker · License #0215629
(713) 963-2825
Source
Moodyscre
Added: Oct 17, 2024 Updated: Jul 6 at 9:17 am Checked: Jul 19 at 5:17 am
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 Cushman & Wakefield - Houston
Investment Insights
Based on property information with market context.
The property features a metal warehouse with a size of approximately 10,074 square feet, situated on a 45,792 square foot lot. It has approximately 125 feet of frontage on Schweikhardt Street and is approximately 434 feet deep along Cline Street, with a 50-foot right-of-way that is not improved along the northern boundary. The property is located in close proximity to East River and has access to City of Houston utilities. The Union Pacific Railroad is located on the southern boundary. This property presents a redevelopment opportunity for townhouses.
Key Highlights
- Great townhouse / redevelopment opportunity
- ±10,074 SF Metal Warehouse on 45,792 SF of Land
- Close proximity to East River
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.7k | $9.60 |
| − Vacancy | −$9.5k | −$0.94 |
| EGI | $87.2k | $8.66 |
| − OpEx | −$13.1k | −$1.30 |
| NOI | $74.1k | $7.36 |
10,074 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.06M
$926.9K – $1.24M
NOI $74,148 @ 7.0% cap · market cap 7.06%
Second Best
Industrial
$811.5K
$710.0K – $946.7K
NOI $56,802 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,332 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Griffin Industries Inc.
Big Box & Wholesale Store
DAR PRO HOS
Cafe & Coffee Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Maximus Warehousing & Export Crating — 198-b Hirsch Rd, Houston, TX 77020
- Cooper/Ports America, LLC Storage — 9640 1, 2 Clinton Dr, Houston, TX 77029
- Vee Express — 3401 navigation blvd, houston, tx 77003
- JAMY Self Stor — 5800 lyons ave, houston, tx 77020
FAQs
What type of property is this?
Warehouse - 10,074 SF warehouse on 45,792 SF land in Houston.
Where is this warehouse located?
The property is located at 414 Schweikhardt St Houston, TX.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Great townhouse / redevelopment opportunity; ±10,074 SF Metal Warehouse on 45,792 SF of Land; Close proximity to East River
