Industrial Property with Masonry
For Sale
$790,790
12778 Market Street Rd, Houston, TX 77015
Located south of Interstate 10 on Market Street in East Houston, the property combines an industrial building with its land.
Property Size12,155 SF
Lot Size0.35 Acres
Price / SF$65.06
Days on Market649
Property Features for 12778 Market Street Rd
General Information
Standard status
Active
Size
12,155 SF
Lot size
0.35 Acres
Property subtype
Industrial
Zoning
NZ
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1958
Construction
masonry
Listing Agency:
Partners - Houston
Listed By:
Alisha Renshaw · License #474798
(713) 985-4602
Source:
Lacdb.resimplifi
Added: Jan 3, 2025
Changed: Sep 13
Last Checked: Oct 12 at 4:34PM
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 industrial property includes approximately 12,155 square feet of building area on ±0.35 acres. The structure features masonry construction and was built in 1958, providing a defined physical profile for industrial ownership or occupancy.
The property is in East Houston, positioned just south of Interstate 10 along Market Street. Its address is 12778 Market Street Rd, Houston, TX 77015. Zoning is designated NZ.
The property is in East Houston, positioned just south of Interstate 10 along Market Street. Its address is 12778 Market Street Rd, Houston, TX 77015. Zoning is designated NZ.
Key Highlights
- Approximately 12,155 square feet of building area
- ±0.35 acres of land
- Masonry construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,536
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,720
$1.4M
Cap Rate 7%
$979,086
$979.1K
Cap Rate 9%
$761,511
$761.5K
Market Conditions
NOI Build-Up for 12,155 SF
Gross rent
$109.4K $9.00/SF
− Vacancy
−$11.5K −$0.95/SF
EGI
$97.9K $8.06/SF
− OpEx
−$29.4K −$2.42/SF
NOI
$68.5K $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 Rate 5%
$1,370,720
Cap Rate 7%
$979,086
Cap Rate 9%
$761,511
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,465 @ 7.0% cap · market cap 11.31%
Second Best
Industrial
$979.1K
$856.7K – $1.14M
NOI $68,536 @ 7.0% cap · market cap 8.67%
Theoretical Best
Office A
$3.13M
$2.73M – $3.65M
NOI $218,790 @ 7.0% cap · market cap 27.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
867
Businesses Nearby
Explore this area
Business Placement
Demographics for 77015, TX
57,106
Population
19,961
Households
2.9
Avg Household Size
31
Median Age
11%
College-Educated
70%
High-School Grad
20.7 sq mi
ZIP Area
2,759
Density / Sq Mi
$57,324
Median Household Income
$34,477
Median Earnings
$1,169
Median Rent
$164,700
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?
Industrial property - Located south of Interstate 10 on Market Street in East Houston, the property combines an industrial building with its land.
Where is this industrial property located?
The property is located at 12778 Market Street Rd Houston, TX.
What is the asking price?
The asking price for this property is $790,790.
What are key features of this property?
This property features: Approximately 12,155 square feet of building area; ±0.35 acres of land; Masonry construction
