Warehouse with Office
For Sale
Contact for pricing
1312 IOWA, South Houston, TX 77587
A finished office, shower, and multiple restrooms complement the warehouse area.
Property Size5,500 SF
Lot Size0.31 Acres
Price / SF$148.18
Days on Market83
Property Features for 1312 IOWA
General Information
Standard status
Active
Size
5,500 SF
Lot size
0.31 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
400 SF
Three-Phase Power
Yes
Building Details
Building Size
5,500 SF
Listing Agency:
LPT Realty
(281) 741-9187
Listed By:
Rick Trevino · License #0464644
(281) 787-5153
Source:
Moodyscre
Added: Jul 7
Changed: Sep 27
Last Checked: Sep 27 at 2:00AM
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 LPT Realty
Investment Insights
Based on property information with market context.
The 5,500-square-foot warehouse includes approximately 400 square feet of finished office space with a full bathroom and shower. A separate half bath serves the warehouse area. Electrical service includes 480V AC, 3-phase, 200-amp; 240V AC, 3-phase, 300-amp; and 120V AC single-phase power. The property occupies approximately 13,600 square feet of land in South Houston, Texas.
Key Highlights
- 5,500‑square‑foot warehouse on approximately 13,600 square feet of land
- Approximately 400 square feet of finished office area
- Office includes a full bathroom and shower; warehouse has a half bath
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
$57,267
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
7.03%
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%
$1,145,340
$1.1M
Cap Rate 7%
$818,100
$818.1K
Cap Rate 9%
$636,300
$636.3K
Market Conditions
NOI Build-Up for 5,500 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
$72.6K $13.20/SF
− Vacancy
−$5.2K −$0.95/SF
EGI
$67.4K $12.25/SF
− OpEx
−$10.1K −$1.84/SF
NOI
$57.3K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /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%
$1,145,340
Cap Rate 7%
$818,100
Cap Rate 9%
$636,300
Alternative Uses
Best Use
Warehouse
$818.1K
$715.8K – $954.5K
NOI $57,267 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,125 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
869
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77587, TX
16,179
Population
5,549
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
60%
High-School Grad
3.1 sq mi
ZIP Area
5,219
Density / Sq Mi
$52,407
Median Household Income
$30,669
Median Earnings
$1,174
Median Rent
$177,000
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 South region
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Frequently Asked Questions
What type of property is this?
Warehouse - A finished office, shower, and multiple restrooms complement the warehouse area.
Where is this warehouse located?
The property is located at 1312 IOWA South Houston, TX.
What is the asking price?
The asking price for this property is $815,000.
What are key features of this property?
This property features: 5,500‑square‑foot warehouse on approximately 13,600 square feet of land; Approximately 400 square feet of finished office area; Office includes a full bathroom and shower; warehouse has a half bath
