Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Single Tenant Warehouse For Sale Title is generated by Realmo AI

    1408 Illinois St, South Houston, TX 77587

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4,550 SF single tenant warehouse with two overhead doors.

    Type:Industrial
    Property size:
    4,550 SF
    Added:
    Feb 10, 2026
    Days on Market:
    90
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1408 Illinois St

    General Information

    Standard status
    Active
    Size
    4,550 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Doc Perrier
    Doc Perrier

    Listing agent Doc Perrier License #703159

    Listing office Matthews

    Listing date Feb 10, 2026

    Source Crexi

    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 Matthews

    HighLights

    • Single tenant warehouse
    • Features 2 overhead doors
    • Metal construction
    • Built in 1993

    Overview

    This property is a 4,550 square foot single tenant warehouse. The building features metal construction and includes two overhead doors. It is suitable for warehouse and industrial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Library Design Systems — 8565 Mosley Rd #14, Houston, TX 77075
    • McRay Crane & Rigging Inc — 8431 Mosley Rd, Houston, TX 77075
    • Soko Storage — 8220 Mosley Rd Suite B, Houston, TX 77075
    • Randy Self Storage Unit — 9406 Redford Ave, Houston, TX 77075
    • Self Storage — 9444 Gulf Fwy, Houston, TX 77017

    Location Insight

    • Map
    • Local Demand
    City
    South Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.2453365
    Latitude
    29.6543691

    Nearby Similar for Sale

    • $500,000
      4,000 SF

      South Houston Industrial Warehouse

      4,000 SF insulated building near I-45 and Hobby Airport.
      1304 Washington Street, South Houston, TX 77587
      View Details
    • $1,600,000
      10,410 SF

      South Houston Industrial Warehouse

      Insulated 10,410 SF warehouse with shop and office space.
      513 Illinois St, South Houston, TX 77587
      View Details
    • $500,000
      4,000 SF

      South Houston Industrial Warehouse

      4,000 SF insulated building near I-45 and Hobby Airport.
      1304 Washington St, South Houston, TX
      View Details
    • $4,600,000
      38,930 SF

      Modern Multifamily Asset in Houston

      2020 construction, 97% occupancy, improving operations, seller financing available.
      1318 Avenue A, South Houston, TX 77587
      View Details
    • Contact for pricing
      39,600 SF

      Industrial Building with Office Space

      39,600 SF industrial building with 2,200 SF office space.
      1412-1416 Washington St, South Houston, TX 77002
      View Details
    • Contact for pricing
      38,500 SF

      Industrial Opportunity in South Houston

      38,500 SqFt industrial property on 1.42 acres for sale.
      1509 Alabama St, South Houston, TX 77587
      View Details
    • Contact for pricing
      8,725 SF

      Office Space with Open Layout

      Partially built-out office space with open floor plan.
      801-805 Dumont Street, South Houston, TX
      View Details
    • Contact for pricing
      8,725 SF

      Two Office Buildings Near Airport

      Two office buildings with various office sizes available for lease.
      801 Dumont St, South Houston, TX 77587
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,550 SF single tenant warehouse with two overhead doors.
    Where is this warehouse located?
    The property is located at 1408 Illinois St South Houston, TX.
    What are key features of this property?
    This property features: Single tenant warehouse; Features 2 overhead doors; Metal construction
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Doc Perrier
    Doc Perrier
    Real Estate License ID: 703159
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1408 Illinois St, South Houston, TX 77587
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!