Crane Served Manufacturing IOS
For Sale
Contact for pricing
150 Carrie Street, Houston, TX 77047
Manufacturing property with crane and IOS yard, near Beltway 8.
Property Size27,200 SF
Price / SF$135
Days on Market197
Property Features for 150 Carrie Street
General Information
Standard status
Active
Size
27,200 SF
Property subtype
Industrial
Building Details
Buildings
2
Listing Agency:
JLL - Houston, Texas
(713) 888-4016
Listed By:
David Holland · License #TX 701515
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 29 at 4:13AM
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 JLL - Houston, Texas
Investment Insights
Based on property information with market context.
This manufacturing property features a crane and an IOS yard. It offers immediate access to Beltway 8 and Almeda Road. The property size is 27200 square feet.
Key Highlights
- Crane served manufacturing facility
- IOS (industrial outdoor storage) yard
- Immediate access to Beltway 8
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
$153,367
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%
$3,067,340
$3.1M
Cap Rate 7%
$2,190,957
$2.2M
Cap Rate 9%
$1,704,078
$1.7M
Market Conditions
NOI Build-Up for 27,200 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
$244.8K $9.00/SF
− Vacancy
−$25.7K −$0.95/SF
EGI
$219.1K $8.06/SF
− OpEx
−$65.7K −$2.42/SF
NOI
$153.4K $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%
$3,067,340
Cap Rate 7%
$2,190,957
Cap Rate 9%
$1,704,078
Alternative Uses
Best Use
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,367 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.99M
$6.12M – $8.16M
NOI $489,600 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
Explore this area
Business Placement
Demographics for 77047, TX
32,088
Population
13,288
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
89%
High-School Grad
13.8 sq mi
ZIP Area
2,325
Density / Sq Mi
$73,947
Median Household Income
$44,732
Median Earnings
$1,719
Median Rent
$224,200
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 - Manufacturing property with crane and IOS yard, near Beltway 8.
Where is this manufacturing property located?
The property is located at 150 Carrie Street Houston, TX.
What is the asking price?
The asking price for this property is $3,672,000.
What are key features of this property?
This property features: Crane served manufacturing facility; IOS (industrial outdoor storage) yard; Immediate access to Beltway 8
