Tomball Warehouse with Office
For Sale
Contact for pricing
14510 Mary Jane Lane, Tomball, TX
Versatile warehouse near downtown Tomball with secure, accessible features.
Property Size2,677 SF
Lot Size1.00 Acres
Price / SF$185.84
Days on Market452
Property Features for 14510 Mary Jane Lane
General Information
Standard status
Active
Size
2,677 SF
Lot size
1.00 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Texas CRES
(713) 473-7200
Listed By:
Joel C. English · License #465800
Source:
Moodyscre
Added: May 30, 2025
Changed: Jul 6
Last Checked: Aug 23 at 10:10AM
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 Texas CRES
Investment Insights
Based on property information with market context.
This versatile warehouse opportunity is located near downtown Tomball. The functional industrial space includes two grade-level roll-up doors for easy access and efficient loading and unloading. It features a climate-controlled office area, suitable for on-site management or administrative needs. The property is fully fenced and gated for added security, with approximately 140 feet of road frontage on Mary Jane Ln, providing visibility and convenient ingress and egress. The strategic location is less than 0.5 miles from SH 249 and under 2 miles from TX-99 (Grand Parkway). The property is located in Harris County and is served by Tomball ISD. It offers investment potential in designated “Neighborhood Residential” in the City of Tomball’s Future Land Use Plan, outside of the current Tomball zoning ordinance, offering development flexibility. The property size is 2677 square feet.
Key Highlights
- Strategic location: Less than 0.5 miles from SH 249 and under 2 miles from TX‑99 (Grand Parkway).
- Functional industrial space: Includes two grade‑level roll‑up doors and a climate‑controlled office area.
- Secure and accessible: Fully fenced and gated with approximately 140 feet of road frontage.
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
$27,873
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
5.60%
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%
$557,460
$557.5K
Cap Rate 7%
$398,186
$398.2K
Cap Rate 9%
$309,700
$309.7K
Market Conditions
NOI Build-Up for 2,677 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
$35.3K $13.20/SF
− Vacancy
−$2.5K −$0.95/SF
EGI
$32.8K $12.25/SF
− OpEx
−$4.9K −$1.84/SF
NOI
$27.9K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /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%
$557,460
Cap Rate 7%
$398,186
Cap Rate 9%
$309,700
Alternative Uses
Best Use
Warehouse
$398.2K
$348.4K – $464.6K
NOI $27,873 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$327.9K
$286.9K – $382.6K
NOI $22,955 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$731.0K
$639.6K – $852.8K
NOI $51,167 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Warehouse - Versatile warehouse near downtown Tomball with secure, accessible features.
Where is this warehouse located?
The property is located at 14510 Mary Jane Lane Tomball, TX.
What is the asking price?
The asking price for this property is $497,500.
What are key features of this property?
This property features: Strategic location: Less than 0.5 miles from SH 249 and under 2 miles from TX‑99 (Grand Parkway).; Functional industrial space: Includes two grade‑level roll‑up doors and a climate‑controlled office area.; Secure and accessible: Fully fenced and gated with approximately 140 feet of road frontage.
