Manufacturing Property with Multiple
For Sale
Contact for pricing
6334 Midvale Ave, Houston, TX 77087
Corner fenced manufacturing site with multiple buildings, garage door access, and utilities onsite for mechanic or industrial use.
Property Size4,600 SF
Price / SF$70.65
Days on Market490
Property Features for 6334 Midvale Ave
General Information
Standard status
Active
Size
4,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
Coldwell Banker Commercial Universal
(832) 760-1733
Listed By:
Bridgett Badillo · License #0528145
(832) 288-1341
Source:
Moodyscre
Added: May 20, 2025
Changed: Sep 4
Last Checked: Sep 20 at 8:29AM
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 Coldwell Banker Commercial Universal
Investment Insights
Based on property information with market context.
Manufacturing property on a corner site with a fenced yard and multiple buildings designed for mechanic or industrial storage. The property was previously used as a mechanic shop and a machine shop, and both buildings provide garage door entry suited for larger items and vehicle storage.
On-site utilities are in place, including 2 phase power, electrical, and plumbing. The combination of enclosed building storage and direct garage door access supports a range of light industrial and equipment-focused uses.
Located at 6334 Midvale Ave in Houston, Texas 77087, the property sits within a mixed residential and commercial area with an expanding industrial presence. The total property size is listed at 4,600 SF.
On-site utilities are in place, including 2 phase power, electrical, and plumbing. The combination of enclosed building storage and direct garage door access supports a range of light industrial and equipment-focused uses.
Located at 6334 Midvale Ave in Houston, Texas 77087, the property sits within a mixed residential and commercial area with an expanding industrial presence. The total property size is listed at 4,600 SF.
Key Highlights
- Corner fenced manufacturing site
- Multiple onsite buildings for mechanic or industrial use
- Garage door entry for large item and vehicle storage
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
$25,937
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
7.98%
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%
$518,740
$518.7K
Cap Rate 7%
$370,529
$370.5K
Cap Rate 9%
$288,189
$288.2K
Market Conditions
NOI Build-Up for 4,600 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
$41.4K $9.00/SF
− Vacancy
−$4.3K −$0.95/SF
EGI
$37.1K $8.06/SF
− OpEx
−$11.1K −$2.42/SF
NOI
$25.9K $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 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%
$518,740
Cap Rate 7%
$370,529
Cap Rate 9%
$288,189
Alternative Uses
Best Use
Industrial
$370.5K
$324.2K – $432.3K
NOI $25,937 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,800 @ 7.0% cap · market cap 25.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Corner fenced manufacturing site with multiple buildings, garage door access, and utilities onsite for mechanic or industrial use.
Where is this manufacturing property located?
The property is located at 6334 Midvale Ave Houston, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Corner fenced manufacturing site; Multiple onsite buildings for mechanic or industrial use; Garage door entry for large item and vehicle storage
