Three-Property NNN Industrial
For Sale
$5,697,294
14247 Bandera St, Houston, TX 77015
Three NNN industrial buildings are being sold together with Great Western Valve as the tenant.
Property Size42,200 SF
Lot Size8.53 Acres
Price / SF$135.01
Days on Market135
Property Features for 14247 Bandera St
General Information
Standard status
Active
Size
42,200 SF
Lot size
8.53 Acres
Property subtype
Industrial
Additional Details
Heavy Power
Yes
Building Details
Tenancy
Single
Listing Agency:
Houston
Listed By:
Jeff Peltier · License #525004
(713) 222-2111
Source:
Colliers
Added: Apr 24
Changed: Sep 5
Last Checked: Sep 5 at 3:38AM
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 Houston
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.
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
$237,945
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
4.18%
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%
$4,758,900
$4.8M
Cap Rate 7%
$3,399,214
$3.4M
Cap Rate 9%
$2,643,833
$2.6M
Market Conditions
NOI Build-Up for 42,200 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
$379.8K $9.00/SF
− Vacancy
−$39.9K −$0.95/SF
EGI
$339.9K $8.06/SF
− OpEx
−$102.0K −$2.42/SF
NOI
$237.9K $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 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%
$4,758,900
Cap Rate 7%
$3,399,214
Cap Rate 9%
$2,643,833
Alternative Uses
Best Use
Industrial
$3.40M
$2.97M – $3.97M
NOI $237,945 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.85M
$9.50M – $12.66M
NOI $759,600 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
608
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
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
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.
