Tiltwall
For Sale
$4,897,725
8440 N Sam Houston Pky W, Houston, TX 77064
The facility includes a truck well, three-phase electrical service, and a crane-ready structure.
Property Size27,987 SF
Price / SF$175
Days on Market714
Property Features for 8440 N Sam Houston Pky W
General Information
Standard status
Active
Size
27,987 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Mezzanine
2,500 SF
Dock-High Doors
1
Power
200 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Year Built
2003
Construction
tiltwall
Listing Agency:
Partners - Houston
(713) 985-4602
Listed By:
Alisha Renshaw · License #474798
(713) 985-4602
Source:
Lacdb.resimplifi
Added: Sep 16, 2024
Changed: Aug 29
Last Checked: Aug 29 at 3:54PM
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 Partners - Houston
Investment Insights
Based on property information with market context.
This 27,987-square-foot warehouse was built in 2003 with tiltwall construction. The building includes one truck well and a concrete mezzanine of approximately 2,500 SF that is excluded from the stated total area. Electrical service is 277/480 volt, three-phase, and 200 amp. The structure is prepared for a 10-ton crane installation.
Located at 8440 N Sam Houston Pky W in Houston, the property has frontage and signage along BW8. The facility is available for immediate occupancy, offering an existing industrial building with loading infrastructure, substantial power, and additional mezzanine area for operational or storage needs.
Located at 8440 N Sam Houston Pky W in Houston, the property has frontage and signage along BW8. The facility is available for immediate occupancy, offering an existing industrial building with loading infrastructure, substantial power, and additional mezzanine area for operational or storage needs.
Key Highlights
- 27,987 SF warehouse built in 2003
- Approximately 2,500 SF concrete mezzanine excluded from total SF
- 277/480 Volt 3 Phase, 200 amp power
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
$205,993
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
4.21%
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%
$4,119,860
$4.1M
Cap Rate 7%
$2,942,757
$2.9M
Cap Rate 9%
$2,288,811
$2.3M
Market Conditions
NOI Build-Up for 27,987 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
$268.7K $9.60/SF
− Vacancy
−$26.3K −$0.94/SF
EGI
$242.3K $8.66/SF
− OpEx
−$36.4K −$1.30/SF
NOI
$206.0K $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%
$4,119,860
Cap Rate 7%
$2,942,757
Cap Rate 9%
$2,288,811
Alternative Uses
Best Use
Warehouse
$2.94M
$2.57M – $3.43M
NOI $205,993 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.20M
$6.30M – $8.40M
NOI $503,766 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - The facility includes a truck well, three-phase electrical service, and a crane-ready structure.
Where is this warehouse located?
The property is located at 8440 N Sam Houston Pky W Houston, TX.
What is the asking price?
The asking price for this property is $4,897,725.
What are key features of this property?
This property features: 27,987 SF warehouse built in 2003; Approximately 2,500 SF concrete mezzanine excluded from total SF; 277/480 Volt 3 Phase, 200 amp power
