Flex Warehouse with Six Grade
For Sale
$1,100,000
110 Heather Ln, Lake Jackson, TX 77566
Masonry and metal flex warehouse with 12–18' clear height and six grade-level doors on 0.75 acres.
Property Size17,471 SF
Lot Size0.75 Acres
Price / SF$62.96
Days on Market97
Property Features for 110 Heather Ln
General Information
Standard status
Active
Size
17,471 SF
Lot size
0.75 Acres
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
6
Additional Details
Cap Rate
1%
Highway Access
Yes
Amenities
17,471-Square-Foot Industrial Warehouse Situated on 0.75 Acres of Land
Featuring 12'-18' Clear Heights, New Roof, 6 Grade Doors, Masonry and Metal Construction, and Highly Functional Flex Office and Warehouse Space
Attractive Curb Appeal with Proximity to Major Thoroughfares: Plantation Drive and State Highway 288
Building Details
Building Size
17,471 SF
Year Built
1980
Tenancy
Single
Listing Agency:
Houston Office
Listed By:
Preston Williams · License #License(s): TX: 839673
(713) 452-4370
Source:
Marcusmillichap
Added: Jun 3
Changed: Sep 5
Last Checked: Sep 6 at 4:04AM
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 Houston Office
Investment Insights
Based on property information with market context.
This flex warehouse spans approximately 17,471 square feet and offers 12'-18' clear height, supported by masonry and metal construction. The facility is equipped with six grade-level doors and is currently occupied by the owner, Branson Construction & Remodeling. Following the sale, the owner plans to develop their own industrial warehouse, making this a straightforward transition for a new operator or buyer.
The property is located at 110 Heather Lane in Lake Jackson, TX, with curb appeal along Heather Lane next to Lake Jackson's Plantation Drive. It also has proximity to major thoroughfares, including Plantation Drive and Texas State Highway 288, supporting efficient logistics for industrial and distribution needs.
Designed as a highly functional flex warehouse, the space can accommodate a variety of industrial users seeking warehouse capability with flexibility for day-to-day operations. With multiple grade-level doors and meaningful clear height, it may be well-suited for tenants looking to stage, store, and move goods efficiently while maintaining practical workflow within an owner-occupied environment.
The property is located at 110 Heather Lane in Lake Jackson, TX, with curb appeal along Heather Lane next to Lake Jackson's Plantation Drive. It also has proximity to major thoroughfares, including Plantation Drive and Texas State Highway 288, supporting efficient logistics for industrial and distribution needs.
Designed as a highly functional flex warehouse, the space can accommodate a variety of industrial users seeking warehouse capability with flexibility for day-to-day operations. With multiple grade-level doors and meaningful clear height, it may be well-suited for tenants looking to stage, store, and move goods efficiently while maintaining practical workflow within an owner-occupied environment.
Key Highlights
- Approximately 17,471 SF warehouse space on 0.75 acres
- 12'-18' clear height with 6 grade‑level doors
- Masonry and metal construction flex warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$89,969
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,799,380
$1.8M
Cap Rate 7%
$1,285,271
$1.3M
Cap Rate 9%
$999,656
$999.7K
Market Conditions
NOI Build-Up for 17,471 SF
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.
Gross rent
$140.5K $8.04/SF
− Vacancy
−$11.9K −$0.68/SF
EGI
$128.5K $7.36/SF
− OpEx
−$38.6K −$2.21/SF
NOI
$90.0K $5.15/SF
Area
Brazoria County, TX
Vacancy
8.50%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,799,380
Cap Rate 7%
$1,285,271
Cap Rate 9%
$999,656
Alternative Uses
Best Use
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,248 @ 7.0% cap · market cap 9.93%
Second Best
Industrial
$1.29M
$1.12M – $1.50M
NOI $89,969 @ 7.0% cap · market cap 8.18%
Theoretical Best
Multifamily LT 5
$217.65M
$190.44M – $253.92M
NOI $15,235,217 @ 7.0% cap · market cap 1,385.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
6
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
689
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77566, TX
30,538
Population
12,277
Households
2.5
Avg Household Size
38
Median Age
30%
College-Educated
94%
High-School Grad
23.7 sq mi
ZIP Area
1,289
Density / Sq Mi
$91,406
Median Household Income
$50,917
Median Earnings
$1,417
Median Rent
$256,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Masonry and metal flex warehouse with 12–18' clear height and six grade-level doors on 0.75 acres.
Where is this warehouse located?
The property is located at 110 Heather Ln Lake Jackson, 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: Approximately 17,471 SF warehouse space on 0.75 acres; 12'-18' clear height with 6 grade‑level doors; Masonry and metal construction flex warehouse
