Building Details

Year Built 2015

Buildings 1

Stories 2

Listing Agency: Barr Associates Real Estate

Listed By: Randy Barr · License #0266894 Show Phone

Source: Crexi

Added: Dec 3, 2025 Changed: Sep 30 Last Checked: Oct 7 at 12:22PM

Report an Issue

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 Barr Associates Real Estate

Investment Insights

Based on property information with market context.

This 5,200 SF office/warehouse property is located directly opposite Ellington Field. It features 1,750 SF of professional office space designed for administrative or client-facing operations. The expansive warehouse area includes two 16’ overhead doors for logistics, storage, or production. Additional features include a 288 SF canopy roof, upstairs storage, and a fully fenced yard. The property sits on nearly 0.9 acres, offering ample parking, outdoor storage, and room for future expansion. This property is suited for businesses requiring both office and warehouse capabilities. Its location ensures long-term visibility and accessibility, making it a smart investment for companies seeking operational efficiency and investors looking for appreciating assets in a high-demand corridor.

Key Highlights

• Strategic location directly across from Ellington Field, providing high visibility and accessibility
• 5,200 SF office/warehouse property offering a blend of office and warehouse capabilities
• Expansive warehouse area with two 16’ overhead doors for efficient logistics and operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,589

Cap Rate

4.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,780 $891.8K

Cap Rate 7%

$636,986 $637.0K

Cap Rate 9%

$495,433 $495.4K

Market Conditions

NOI Build-Up for 5,200 SF

Gross rent

$68.6K $13.20/SF

− Vacancy

−$4.9K −$0.95/SF

EGI

$63.7K $12.25/SF

− OpEx

−$19.1K −$3.67/SF

NOI

$44.6K $8.57/SF

Area

Harris County, TX

Vacancy

7.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$891,780

Cap Rate 7%

$636,986

Cap Rate 9%

$495,433

Alternative Uses

Best Use

Industrial

$637.0K

$557.4K – $743.2K (±1% cap)

NOI $44,589 @ 7.0% cap · market cap 4.05%

Second Best

Flex RnD

$352.9K

$308.8K – $411.7K (±1% cap)

NOI $24,703 @ 7.0% cap · market cap 2.25%

Theoretical Best

Office A

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,391 @ 7.0% cap · market cap 9.04%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Hair Salon Parking Lot & Garage Law Firm Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

375

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77598, TX

25,620

Population

13,337

Households

1.9

Avg Household Size

32

Median Age

30%

College-Educated

91%

High-School Grad

12.2 sq mi

ZIP Area

2,100

Density / Sq Mi

$59,758

Median Household Income

$45,190

Median Earnings

$1,279

Median Rent

$228,700

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Industrial Flex Facility with Imaging Tenant

110 Magellan Cir, Webster, TX 77598

Contact for pricing

24,570 SF

View details

Freestanding Nightclub with Full Bars

17886 Highway 3, Webster, TX 77598

$2,090,000

8,000 SF

View details

Medical Office Building Near Hospital District

6 Professional Park Dr, Webster, TX 77598

Contact for pricing

6,122 SF

View details

Webster Office Building For Sale

17300 Mercury Drive, Webster, TX

Contact for pricing

8,564 SF

View details

NNN-Leased Commercial Property

1416 FM 528 Rd, Webster, TX 77598

Contact for pricing

View details

Versatile Building in Webster, Texas

218 W NASA RD 1, Webster, TX 77598

Contact for pricing

19,182 SF

View details

110,400-Square-Foot Industrial Property

12430 Old Galveston Road, Webster, TX 77598

Contact for pricing

110,400 SF

View details

Rosemont on El Dorado Apartments

265 El Dorado Boulevard, Webster, TX 77598

Contact for pricing

View details

Similar Off Market Nearby

• Southwest Airport Services — 11811 N Brantly Ave, Houston, TX 77034

Frequently Asked Questions

What type of property is this?

Flex space - 5,200 SF office/warehouse across from Ellington Field.

Where is this flex space located?

The property is located at 12440 Old Galveston Rd Building 2 Webster, TX.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Strategic location directly across from Ellington Field, providing high visibility and accessibility; 5,200 SF office/warehouse property offering a blend of office and warehouse capabilities; Expansive warehouse area with two 16’ overhead doors for efficient logistics and operations