Office-Warehouse Flex
1233 Hugh Road, Houston, TX 77067
For Sale
Contact for pricing
A finished office area and open warehouse share a building with drive-in loading access.
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$219
Days on Market36
Property Features for 1233 Hugh Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
NORTHPEAK Commercial Advisors
Listed By:
Aiden MacLean · License TX 850257-SA
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 10 at 8:39AM
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 NORTHPEAK Commercial Advisors
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Investment Insights
Based on property information with market context.
Built in 2010, this 5,000-square-foot flex property occupies a 2-acre site. The building pairs 1,250 square feet of finished office space—including reception and four private offices—with a 3,750-square-foot open warehouse. The warehouse has clear heights exceeding 20 feet and two 12-foot drive-in doors. Open land and an on-site retention pond are also part of the property; the pond accommodates drainage and detention requirements.
The property is in Houston’s North Belt West/Greenspoint submarket, near the I-45 and Beltway 8 junction and approximately 10 minutes from George Bush Intercontinental Airport. Nearby development includes warehouse and distribution properties as well as residential communities.
The property is in Houston’s North Belt West/Greenspoint submarket, near the I-45 and Beltway 8 junction and approximately 10 minutes from George Bush Intercontinental Airport. Nearby development includes warehouse and distribution properties as well as residential communities.
Key Highlights
- 5,000 SF flex building on a 2‑acre lot
- 1,250 SF office area with reception and four private offices
- 3,750 SF open warehouse with 20+ foot clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,065
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,300
$1.0M
Cap Rate 7%
$743,786
$743.8K
Cap Rate 9%
$578,500
$578.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$9.9K −$1.98/SF
EGI
$80.1K $16.02/SF
− OpEx
−$28.0K −$5.61/SF
NOI
$52.1K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,041,300
Cap Rate 7%
$743,786
Cap Rate 9%
$578,500
Alternative Uses
Best Use
Flex RnD
$743.8K
$650.8K – $867.8K
NOI $52,065 @ 7.0% cap · market cap 4.75%
Second Best
Warehouse
$525.7K
$460.0K – $613.4K
NOI $36,802 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,000 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77067, TX
31,729
Population
11,072
Households
2.9
Avg Household Size
31
Median Age
12%
College-Educated
72%
High-School Grad
5.7 sq mi
ZIP Area
5,566
Density / Sq Mi
$51,278
Median Household Income
$33,287
Median Earnings
$1,138
Median Rent
$174,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Houston
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Southern Soul With A Twist — 1335 Flatrock Creek Dr, Houston, TX 77067
Frequently Asked Questions
What type of property is this?
Flex space - A finished office area and open warehouse share a building with drive-in loading access.
Where is this flex space located?
The property is located at 1233 Hugh Road Houston, TX.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 5,000 SF flex building on a 2‑acre lot; 1,250 SF office area with reception and four private offices; 3,750 SF open warehouse with 20+ foot clear heights
