Three-Property NNN Industrial
14247 Bandera St Houston, TX 77015
14247 Bandera St, Houston, TX, 77015
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For Sale
Contact for pricing
Three NNN industrial buildings are being sold together with Great Western Valve as the tenant.
Property Size42,000 SF
Lot Size8.53 Acres
Price / SF$135.65
Days on Market98
Property Features for 14247 Bandera St
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Lot size
- 8.53 Acres
- Property subtype
- Industrial
Listing agency
Colliers - Houston, Texas
(713) 222-2111
Listed by
Jeff Peltier · License #TX 525004
Source
Crexi
Added: Apr 16 Updated: Jul 21 at 3:06PM Checked: Jul 21 at 3:06PM
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 Colliers - Houston, Texas
Investment Insights
Based on property information with market context.
This offering is a three-property NNN industrial portfolio sold as a group with co-terminus leases. The tenant, Great Western Valve Company (“GWV”), has approximately seven years remaining on all leases. Under the triple net structure, the tenant is responsible for ad valorem taxes, insurance, and maintenance, while the landlord is responsible for roof, structure, and foundation.
The portfolio includes three separate industrial buildings at 14247 Bandera St, 1860 Lawrence Rd, and 1960 Brazosport Blvd. The headquarters at 14247 Bandera St includes approximately 18,000 total square feet with about 2,800 square feet of office space, a 1-acre stabilized yard across the street potentially available for purchase, multiple jib cranes, 14 to 20-foot clear height, several overhead doors, and heavy 3-phase/480v electrical service. The 1860 Lawrence Rd building includes about 13,680 building square feet, about 2,115 square feet of office space, 18-foot clear height with drive-through capability, heavy 3-phase/480v service, and parking for 21 vehicles. The 1960 Brazosport Blvd property includes about 10,520 building square feet, 16-foot clear height, heavy 3-phase/480v service, recently renovated improvements, and highway visibility with multiple parking spaces.
Lease terms include 4% annual escalations and one renewal option at fair market value.
The portfolio includes three separate industrial buildings at 14247 Bandera St, 1860 Lawrence Rd, and 1960 Brazosport Blvd. The headquarters at 14247 Bandera St includes approximately 18,000 total square feet with about 2,800 square feet of office space, a 1-acre stabilized yard across the street potentially available for purchase, multiple jib cranes, 14 to 20-foot clear height, several overhead doors, and heavy 3-phase/480v electrical service. The 1860 Lawrence Rd building includes about 13,680 building square feet, about 2,115 square feet of office space, 18-foot clear height with drive-through capability, heavy 3-phase/480v service, and parking for 21 vehicles. The 1960 Brazosport Blvd property includes about 10,520 building square feet, 16-foot clear height, heavy 3-phase/480v service, recently renovated improvements, and highway visibility with multiple parking spaces.
Lease terms include 4% annual escalations and one renewal option at fair market value.
Key Highlights
- Three‑building NNN industrial portfolio with Great Western Valve as tenant (7 years remaining on all leases).
- NNN structure: tenant pays ad valorem taxes, insurance, and maintenance; landlord covers roof, structure, and foundation.
- 14247 Bandera St headquarters: ±18,000 SF with ±2,800 office SF, 14'-20' clear height, and (1) 1.00 AC lot; built 1988 with additions.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $378.0k | $9.00 |
| − Vacancy | −$39.7k | −$0.95 |
| EGI | $338.3k | $8.06 |
| − OpEx | −$101.5k | −$2.42 |
| NOI | $236.8k | $5.64 |
42,000 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$3.38M
$2.96M – $3.95M
NOI $236,817 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.80M
$9.45M – $12.60M
NOI $756,000 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Great Western Valve
Industrial Manufacturer
Similar For Sale Nearby
FAQs
What type of property is this?
Manufacturing property - Three NNN industrial buildings are being sold together with Great Western Valve as the tenant.
Where is this manufacturing property located?
The property is located at 14247 Bandera St Houston, TX.
What is the asking price?
The asking price for this property is $5,697,294.
What are key features of this property?
This property features: Three‑building NNN industrial portfolio with Great Western Valve as tenant (7 years remaining on all leases).; NNN structure: tenant pays ad valorem taxes, insurance, and maintenance; landlord covers roof, structure, and foundation.; 14247 Bandera St headquarters: ±18,000 SF with ±2,800 office SF, 14'-20' clear height, and (1) 1.00 AC lot; built 1988 with additions.
