1304 Washington Street South Houston, TX 77587
4,000 SF insulated building near I-45 and Hobby Airport.
- 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 (713) 461-9393
Listing date Jan 21, 2025
Source Realnex
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All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Texas
Investment Insights
Based on property information with market context.
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 |