Humble Industrial Property for
1215 Indiana Street Humble, TX 77396
1215 Indiana Street, Humble, TX, 77396
$3,300,000
Pending
For Sale
$3,300,000
Pending
Two-building industrial property with stabilized yard and expansion room.
Property Size28,620 SF
Lot Size4.00 Acres
Days on Market119
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 Updated: Jul 6 at 12:11PM Checked: Jul 21 at 4:36AM
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
Local Financial Insights For Industrial
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 | $377.8k | $13.20 |
| − Vacancy | −$27.2k | −$0.95 |
| EGI | $350.6k | $12.25 |
| − OpEx | −$105.2k | −$3.67 |
| NOI | $245.4k | $8.57 |
28,620 SF · lease $13.20/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
Similar For Sale Nearby
FAQs
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
