Three-Property NNN Industrial
For Sale
$5,697,294
14247 Bandera St, Houston, TX 77015
Three NNN industrial buildings are being sold together with Great Western Valve as the tenant.
Property Size42,200 SF
Lot Size8.53 Acres
Price / SF$135.01
Days on Market168
Property Features for 14247 Bandera St
General Information
Standard status
Active
Size
42,200 SF
Lot size
8.53 Acres
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Building Details
Tenancy
Single
Listing Agency:
Houston
Listed By:
Jeff Peltier · License #525004
(713) 222-2111
Source:
Colliers
Added: Apr 24
Changed: Oct 7
Last Checked: Oct 7 at 8:30AM
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
Investment Insights
Based on property information with market context.
This offering is a three-property NNN industrial portfolio sold as a group with co-terminus leases. The tenant, Great Western Valve Company (“GWV”), has approximately seven years remaining on all leases. Under the triple net structure, the tenant is responsible for ad valorem taxes, insurance, and maintenance, while the landlord is responsible for roof, structure, and foundation.
The portfolio includes three separate industrial buildings at 14247 Bandera St, 1860 Lawrence Rd, and 1960 Brazosport Blvd. The headquarters at 14247 Bandera St includes approximately 18,000 total square feet with about 2,800 square feet of office space, a 1-acre stabilized yard across the street potentially available for purchase, multiple jib cranes, 14 to 20-foot clear height, several overhead doors, and heavy 3-phase/480v electrical service. The 1860 Lawrence Rd building includes about 13,680 building square feet, about 2,115 square feet of office space, 18-foot clear height with drive-through capability, heavy 3-phase/480v service, and parking for 21 vehicles. The 1960 Brazosport Blvd property includes about 10,520 building square feet, 16-foot clear height, heavy 3-phase/480v service, recently renovated improvements, and highway visibility with multiple parking spaces.
Lease terms include 4% annual escalations and one renewal option at fair market value.
The portfolio includes three separate industrial buildings at 14247 Bandera St, 1860 Lawrence Rd, and 1960 Brazosport Blvd. The headquarters at 14247 Bandera St includes approximately 18,000 total square feet with about 2,800 square feet of office space, a 1-acre stabilized yard across the street potentially available for purchase, multiple jib cranes, 14 to 20-foot clear height, several overhead doors, and heavy 3-phase/480v electrical service. The 1860 Lawrence Rd building includes about 13,680 building square feet, about 2,115 square feet of office space, 18-foot clear height with drive-through capability, heavy 3-phase/480v service, and parking for 21 vehicles. The 1960 Brazosport Blvd property includes about 10,520 building square feet, 16-foot clear height, heavy 3-phase/480v service, recently renovated improvements, and highway visibility with multiple parking spaces.
Lease terms include 4% annual escalations and one renewal option at fair market value.
Key Highlights
- Three‑building NNN industrial portfolio with Great Western Valve as tenant (7 years remaining on all leases).
- NNN structure: tenant pays ad valorem taxes, insurance, and maintenance; landlord covers roof, structure, and foundation.
- 14247 Bandera St headquarters: ±18,000 SF with ±2,800 office SF, 14'-20' clear height, and (1) 1.00 AC lot; built 1988 with additions.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$237,945
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,758,900
$4.8M
Cap Rate 7%
$3,399,214
$3.4M
Cap Rate 9%
$2,643,833
$2.6M
Market Conditions
NOI Build-Up for 42,200 SF
Gross rent
$379.8K $9.00/SF
− Vacancy
−$39.9K −$0.95/SF
EGI
$339.9K $8.06/SF
− OpEx
−$102.0K −$2.42/SF
NOI
$237.9K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,758,900
Cap Rate 7%
$3,399,214
Cap Rate 9%
$2,643,833
Alternative Uses
Best Use
Industrial
$3.40M
$2.97M – $3.97M
NOI $237,945 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.85M
$9.50M – $12.66M
NOI $759,600 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Three NNN industrial buildings are being sold together with Great Western Valve as the tenant.
Where is this manufacturing property located?
The property is located at 14247 Bandera St Houston, TX.
What is the asking price?
The asking price for this property is $5,697,294.
What are key features of this property?
This property features: Three‑building NNN industrial portfolio with Great Western Valve as tenant (7 years remaining on all leases).; NNN structure: tenant pays ad valorem taxes, insurance, and maintenance; landlord covers roof, structure, and foundation.; 14247 Bandera St headquarters: ±18,000 SF with ±2,800 office SF, 14'-20' clear height, and (1) 1.00 AC lot; built 1988 with additions.
