South Houston Industrial Warehouse

1304 Washington Street South Houston, TX 77587

Claim this Listing
For Sale
$500,000

4,000 SF insulated building near I-45 and Hobby Airport.

Type:IND-DIST, IND-FLEX, IND-WHSE
Property size:
4,000 SF
Price / SF:
$125/SF
Added:
Jan 21, 2025
Days on Market:
536
Last Refresh:
Jun 28 at 9:43 pm

Property Features for 1304 Washington Street

General Information

Standard status
Active
Size
4,000 SF
Property subtype
IND-DIST, IND-FLEX, IND-WHSE

Building Details

Year Built
1984

Listing office KW Commercial Texas

Listing date Jan 21, 2025

Source Realnex

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 KW Commercial Texas


Investment Insights

Based on property information with market context.

This 4,000 SF fully-insulated industrial warehouse is located in South Houston, near I-45, Hobby Airport, 610 Loop, Beltway 8, and the Port of Houston. The building includes approximately 3,500 SF of downstairs shop space and approximately 500 SF of upstairs and downstairs office space. The electrical system has been upgraded to 480V (3-PHASE) power. The property features a small office, restroom, and front and rear 16' roll-up doors. The building is fully air-conditioned and contains three offices, three bathrooms, and an employee break room upstairs. It has 3-Phase Power, 120/208/480V, two roll-up doors, and two exit doors. Front parking spaces are available, and there is a rear covered concrete patio area with a roll-up door. Additional interior repairs and improvements are currently in progress. The corner lot is located near I-45, Hobby Airport, 610 Loop, Beltway 8, the Port of Houston, and La Porte. South Houston is a business-friendly community with a variety of automotive and industrial-related occupants. South Houston is a city in Harris County, Texas, near the Houston Ship Channel, and adjacent to Pasadena. The City is known for its close-knit community, suburban feel, and diverse population.

Key Highlights

  • Excellent Location: Close to I‑45, Hobby Airport, 610 Loop, Beltway 8, and Port of Houston.
  • Upgraded 480V 3‑Phase Power: Suitable for heavy industrial equipment.
  • Functional Space: 4,000 SF insulated building with shop and office areas.

Local Financial Insights For Warehouse

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 $52.8k $13.20
− Vacancy −$3.8k −$0.95
EGI $49.0k $12.25
− OpEx −$7.3k −$1.84
NOI $41.6k $10.41
4,000 SF · lease $13.20/SF/yr · vacancy 7.20% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$595.0K
$520.6K – $694.2K (±1% cap)
NOI $41,649 @ 7.0% cap · market cap 8.33%
Second Best
Industrial
$490.0K
$428.7K – $571.7K (±1% cap)
NOI $34,299 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.09M
$955.7K – $1.27M (±1% cap)
NOI $76,454 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Sai Water & Technology ... Consultant

Suggested Use

Real Estate Agency Law Firm Skin Care Clinic Pharmacy Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Locksmith Computer & Electronic Repair Pet Grooming Service Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Flex space - 4,000 SF insulated building near I-45 and Hobby Airport.
Where is this flex space located?
The property is located at 1304 Washington Street South Houston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Excellent Location: Close to I‑45, Hobby Airport, 610 Loop, Beltway 8, and Port of Houston.; Upgraded 480V 3‑Phase Power: Suitable for heavy industrial equipment.; Functional Space: **4,000 SF insulated building** with shop and office areas.
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