Four-Building Industrial
For Sale
$1,100,000
11710 Old Main Street Loop Rd, Houston, TX 77025
Four-building industrial property with metal construction, 14’ clear height, and three grade-level doors on 1.11 acres.
Property Size7,402 SF
Lot Size1.11 Acres
Price / SF$148.61
Days on Market136
Property Features for 11710 Old Main Street Loop Rd
General Information
Standard status
Active
Size
7,402 SF
Total Parking Spaces
10
Lot size
1.11 Acres
Property subtype
Warehouse
Occupancy
53%
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
3
Additional Details
Cap Rate
4.92%
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
Houston Office
(713) 452-4384
Listed By:
Grant Roosma · License #TX: 841845
(713) 452-4384
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 2:29AM
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 four-building industrial property totals approximately 7,402 square feet and includes metal construction with 14’ clear height. The site is improved with three grade-level doors and offers 10 parking spaces. The asset sits on 1.11 acres and is currently 53.1% occupied.
The property is positioned along a Union Pacific and Canadian Pacific/Kansas City rail line and provides direct access to U.S. Route 90.
The offering is presented as an acquisition opportunity that may suit a lease-up strategy or a partial owner-user use based on current occupancy. The remarks also note a low flood risk for the area.
The property is positioned along a Union Pacific and Canadian Pacific/Kansas City rail line and provides direct access to U.S. Route 90.
The offering is presented as an acquisition opportunity that may suit a lease-up strategy or a partial owner-user use based on current occupancy. The remarks also note a low flood risk for the area.
Key Highlights
- Four‑building industrial asset totaling approximately 7,402 SF on 1.11 acres (Year Built: 1965).
- Features 14’ clear height, three grade‑level doors, and metal construction.
- Direct rail access along a Union Pacific and Canadian Pacific/Kansas City rail line.
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
$54,481
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
4.95%
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%
$1,089,620
$1.1M
Cap Rate 7%
$778,300
$778.3K
Cap Rate 9%
$605,344
$605.3K
Market Conditions
NOI Build-Up for 7,402 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
$71.1K $9.60/SF
− Vacancy
−$7.0K −$0.94/SF
EGI
$64.1K $8.66/SF
− OpEx
−$9.6K −$1.30/SF
NOI
$54.5K $7.36/SF
Area
Houston, TX
Vacancy
9.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,089,620
Cap Rate 7%
$778,300
Cap Rate 9%
$605,344
Alternative Uses
Best Use
Warehouse
$778.3K
$681.0K – $908.0K
NOI $54,481 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,236 @ 7.0% cap · market cap 12.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Drive-in doors
53.1%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77025, TX
28,510
Population
15,752
Households
1.8
Avg Household Size
38
Median Age
71%
College-Educated
95%
High-School Grad
4.5 sq mi
ZIP Area
6,336
Density / Sq Mi
$78,076
Median Household Income
$61,238
Median Earnings
$1,484
Median Rent
$521,300
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Four-building industrial property with metal construction, 14’ clear height, and three grade-level doors on 1.11 acres.
Where is this warehouse located?
The property is located at 11710 Old Main Street Loop Rd Houston, 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: Four‑building industrial asset totaling approximately 7,402 SF on 1.11 acres (Year Built: 1965).; Features 14’ clear height, three grade‑level doors, and metal construction.; Direct rail access along a Union Pacific and Canadian Pacific/Kansas City rail line.
