Flex Space with Outdoor
For Sale
$1,800,000
1235 Blalock Rd, Houston, TX 77055
Two metal buildings offer adaptable industrial space with paved areas for parking, storage, and day-to-day operations.
Property Size7,004 SF
Price / SF$256
Days on Market90
Property Features for 1235 Blalock Rd
General Information
Standard status
Active
Size
7,004 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
15.8 ft
Building Details
Building Size
7,004 SF
Buildings
2
Units
2
Construction
metal
Listing Agency:
Matthews
Listed By:
Dillon Mata · License #823074 (TX)
(737) 309-2835
Source:
Matthews
Added: Jul 18
Changed: Oct 7
Last Checked: Oct 14 at 7:33PM
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 Matthews
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property includes two metal industrial buildings totaling 7,004 square feet. The larger building contains 4,004 square feet, while the second provides 3,000 square feet. Both structures offer approximately 15.8 feet of clear height, supporting equipment storage and operational needs. Concrete paving serves the frontage of the larger building, and the second building is accompanied by asphalt-paved areas.
The property is situated on Blalock Road in Houston’s Spring Branch submarket, inside the Beltway. Its access network includes Interstate 10, Highway 290, and Beltway 8, connecting the site with Houston employment centers and population areas. The paved exterior areas provide room for parking, outdoor storage, or fleet-related operations. Constructed in 1977, the property is suited to industrial, automotive, contractor, and service-oriented uses identified in the offering information.
The property is situated on Blalock Road in Houston’s Spring Branch submarket, inside the Beltway. Its access network includes Interstate 10, Highway 290, and Beltway 8, connecting the site with Houston employment centers and population areas. The paved exterior areas provide room for parking, outdoor storage, or fleet-related operations. Constructed in 1977, the property is suited to industrial, automotive, contractor, and service-oriented uses identified in the offering information.
Key Highlights
- 7,004 SF across two metal industrial buildings
- Building sizes of 4,004 SF and 3,000 SF
- Approximately 15.8 feet of clear height in each building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,933
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,660
$1.5M
Cap Rate 7%
$1,041,900
$1.0M
Cap Rate 9%
$810,367
$810.4K
Market Conditions
NOI Build-Up for 7,004 SF
Gross rent
$126.1K $18.00/SF
− Vacancy
−$13.9K −$1.98/SF
EGI
$112.2K $16.02/SF
− OpEx
−$39.3K −$5.61/SF
NOI
$72.9K $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%
$1,458,660
Cap Rate 7%
$1,041,900
Cap Rate 9%
$810,367
Alternative Uses
Best Use
Flex RnD
$1.04M
$911.7K – $1.22M
NOI $72,933 @ 7.0% cap · market cap 4.05%
Second Best
Warehouse
$736.5K
$644.4K – $859.2K
NOI $51,552 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,072 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
15 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,114
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77055, TX
42,766
Population
17,845
Households
2.4
Avg Household Size
35
Median Age
40%
College-Educated
78%
High-School Grad
8.4 sq mi
ZIP Area
5,091
Density / Sq Mi
$73,297
Median Household Income
$41,443
Median Earnings
$1,239
Median Rent
$577,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Camfield Catering — 910 Hickorywood Ln, Houston, TX 77024
- Firehouse Subs Echo Lane — 9359 Katy Fwy, Houston, TX 77024
Frequently Asked Questions
What type of property is this?
Flex space - Two metal buildings offer adaptable industrial space with paved areas for parking, storage, and day-to-day operations.
Where is this flex space located?
The property is located at 1235 Blalock Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 7,004 SF across two metal industrial buildings; Building sizes of 4,004 SF and 3,000 SF; Approximately 15.8 feet of clear height in each building
