Modern Self Storage
For Sale
Contact for pricing
13219 Theis Lane, Tomball, TX 77375
Climate-controlled and traditional storage units are paired with separately leased office space on a multi-acre commercial property.
Property Size22,500 SF
Lot Size3.15 Acres
Price / SF$200
Days on Market9
Property Features for 13219 Theis Lane
General Information
Standard status
Active
Size
22,500 SF
Lot size
3.15 Acres
Property subtype
Mixed Use, Land
Warehouse & Industrial
Office Build-Out
6,000 SF
Self-Storage Units
87
Building Details
Year Built
2022
Buildings
1
Building Size
22,500 SF
Listing Agency:
RE/MAX Elite Properties
Listed By:
Renee Leslie · License #0561661
(713) 955-2510
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 10 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 RE/MAX Elite Properties
Investment Insights
Based on property information with market context.
Built in 2022, this self storage facility spans approximately 22,500 square feet and combines climate-controlled and non-climate-controlled units with office improvements. Storage occupancy is reported at 100%, while approximately 6,000 square feet of office space is separately leased under an NNN structure.
The property covers approximately 3.15 acres in Tomball, within the Northwest Houston market. Approximately 1.113 acres remain available for potential expansion or additional commercial development, subject to applicable governmental approvals and development requirements. The combination of an operating storage component, leased office area, and additional land creates a diversified commercial asset with multiple existing uses.
The property covers approximately 3.15 acres in Tomball, within the Northwest Houston market. Approximately 1.113 acres remain available for potential expansion or additional commercial development, subject to applicable governmental approvals and development requirements. The combination of an operating storage component, leased office area, and additional land creates a diversified commercial asset with multiple existing uses.
Key Highlights
- Approximately 22,500‑square‑foot self storage and office facility built in 2022
- 100% storage occupancy
- Climate‑controlled and non‑climate‑controlled storage units
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
$234,274
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
5.21%
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%
$4,685,480
$4.7M
Cap Rate 7%
$3,346,771
$3.3M
Cap Rate 9%
$2,603,044
$2.6M
Market Conditions
NOI Build-Up for 22,500 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
$297.0K $13.20/SF
− Vacancy
−$21.4K −$0.95/SF
EGI
$275.6K $12.25/SF
− OpEx
−$41.3K −$1.84/SF
NOI
$234.3K $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%
$4,685,480
Cap Rate 7%
$3,346,771
Cap Rate 9%
$2,603,044
Alternative Uses
Best Use
Warehouse
$3.35M
$2.93M – $3.90M
NOI $234,274 @ 7.0% cap · market cap 5.21%
Second Best
Self Storage
$3.30M
$2.89M – $3.85M
NOI $230,958 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$6.14M
$5.38M – $7.17M
NOI $430,056 @ 7.0% cap · market cap 9.56%
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
597
Businesses Nearby
Explore this area
Business Placement
Demographics for 77375, TX
65,365
Population
25,452
Households
2.6
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
35.2 sq mi
ZIP Area
1,857
Density / Sq Mi
$95,813
Median Household Income
$57,735
Median Earnings
$1,495
Median Rent
$287,100
Median Home Value
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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?
Self storage facility - Climate-controlled and traditional storage units are paired with separately leased office space on a multi-acre commercial property.
Where is this self storage facility located?
The property is located at 13219 Theis Lane Tomball, TX.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 22,500‑square‑foot self storage and office facility built in 2022; 100% storage occupancy; Climate‑controlled and non‑climate‑controlled storage units
