Warehouse with Grade-Level
For Sale
Contact for pricing
12288 Bedford St, Houston, TX 77031
Vacant shell warehouse with flexible configuration and convenient access to major transportation corridors.
Property Size7,200 SF
Price / SF$142.36
Days on Market58
Property Features for 12288 Bedford St
General Information
Standard status
Active
Size
7,200 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2011
Building Size
7,200 SF
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License #424317-B
Source:
Crexi
Added: Jul 6
Changed: Aug 30
Last Checked: Aug 30 at 7:18PM
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 STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This 7,200-square-foot warehouse was built in 2011 and is currently vacant. The shell construction provides a flexible starting point for warehouse operations, with 24-foot clear height and four grade-level doors supporting loading and material movement.
The property is located at 12288 Bedford St in Houston, near Stafford, with access to Sam Houston Tollway and Interstate 69. It sits within an industrial submarket reported at approximately 5% vacancy. The building’s physical configuration and transportation access provide a straightforward platform for occupancy or repositioning.
The property is located at 12288 Bedford St in Houston, near Stafford, with access to Sam Houston Tollway and Interstate 69. It sits within an industrial submarket reported at approximately 5% vacancy. The building’s physical configuration and transportation access provide a straightforward platform for occupancy or repositioning.
Key Highlights
- 7,200 SF warehouse built in 2011
- 24‑foot clear height supports warehouse operations
- Four grade‑level doors
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
$52,994
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
5.17%
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%
$1,059,880
$1.1M
Cap Rate 7%
$757,057
$757.1K
Cap Rate 9%
$588,822
$588.8K
Market Conditions
NOI Build-Up for 7,200 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
$69.1K $9.60/SF
− Vacancy
−$6.8K −$0.94/SF
EGI
$62.3K $8.66/SF
− OpEx
−$9.4K −$1.30/SF
NOI
$53.0K $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%
$1,059,880
Cap Rate 7%
$757,057
Cap Rate 9%
$588,822
Alternative Uses
Best Use
Warehouse
$757.1K
$662.4K – $883.2K
NOI $52,994 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.16M
NOI $129,600 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
567
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77031, TX
15,678
Population
6,906
Households
2.3
Avg Household Size
36
Median Age
23%
College-Educated
68%
High-School Grad
3.2 sq mi
ZIP Area
4,899
Density / Sq Mi
$46,892
Median Household Income
$33,638
Median Earnings
$1,083
Median Rent
$227,100
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Similar Off Market Nearby
- Chief RV & Boat Storage — 10411 Windsor Ln, Houston, TX 77031
- Self-Storage at U-Haul — 11300 S Sam Houston Pkwy W, Houston, TX 77031
- Premium Storage — 9831 W Bellfort Ave, Houston, TX 77031
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant shell warehouse with flexible configuration and convenient access to major transportation corridors.
Where is this warehouse located?
The property is located at 12288 Bedford St Houston, TX.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 7,200 SF warehouse built in 2011; 24‑foot clear height supports warehouse operations; Four grade‑level doors
