Humble Industrial Property for
For Sale
$3,300,000
Pending
1215 Indiana Street, Humble, TX 77396
Two-building industrial property with stabilized yard and expansion room.
Property Size28,620 SF
Lot Size4.00 Acres
Days on Market155
Property Features for 1215 Indiana Street
General Information
Standard status
Pending
Size
28,620 SF
Lot size
4.00 Acres
Property subtype
Industrial
Listing Agency:
CBRE - Houston Galleria
(713) 577-1735
Listed By:
Andrew Jewett
(713) 577-1735
Source:
Cbre
Added: Mar 25
Changed: Aug 16
Last Checked: Jul 23 at 5:42AM
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 - Houston Galleria
Investment Insights
Based on property information with market context.
This industrial property features two buildings totaling approximately 28,620 square feet on roughly 4 acres. Building 1 comprises 13,820 square feet, including 3,750 square feet of office space, while Building 2 offers 14,800 square feet. The property includes a stabilized and paved yard with a Floor Area Ratio (FAR) of 16.5% and ample room for expansion. It is equipped with one 1-ton overhead crane and grade-level loading. The location is outside of the 100-year and 500-year flood plain and has city utilities.
Key Highlights
- ±28,620 SF Total Building Space (Bldg. 1: 13,820 SF with 3,750 SF Office; Bldg. 2: 14,800 SF)
- ±4 Acres with Stabilized/Paved Yard
- Ample Expansion Room
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
$245,408
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
7.44%
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%
$4,908,160
$4.9M
Cap Rate 7%
$3,505,829
$3.5M
Cap Rate 9%
$2,726,756
$2.7M
Market Conditions
NOI Build-Up for 28,620 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
$377.8K $13.20/SF
− Vacancy
−$27.2K −$0.95/SF
EGI
$350.6K $12.25/SF
− OpEx
−$105.2K −$3.67/SF
NOI
$245.4K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$4,908,160
Cap Rate 7%
$3,505,829
Cap Rate 9%
$2,726,756
Alternative Uses
Best Use
Industrial
$3.51M
$3.07M – $4.09M
NOI $245,408 @ 7.0% cap · market cap 7.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.81M
$6.84M – $9.12M
NOI $547,031 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
Explore this area
Business Placement
Demographics for 77396, TX
61,058
Population
20,532
Households
3
Avg Household Size
32
Median Age
25%
College-Educated
83%
High-School Grad
24.9 sq mi
ZIP Area
2,452
Density / Sq Mi
$76,506
Median Household Income
$45,385
Median Earnings
$1,459
Median Rent
$234,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Two-building industrial property with stabilized yard and expansion room.
Where is this industrial property located?
The property is located at 1215 Indiana Street Humble, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: ±28,620 SF Total Building Space (Bldg. 1: 13,820 SF with 3,750 SF Office; Bldg. 2: 14,800 SF); ±4 Acres with Stabilized/Paved Yard; Ample Expansion Room
