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    Functional Industrial Facility in South Houston Title is generated by Realmo AI

    1502 GALVESTON ST, South Houston, TX 77587

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    9,340 SF industrial facility on 1.3 acres for lease.

    Type:Industrial, Land
    Property size:
    9,340 SF
    Lot size:
    1.30 Acres
    Added:
    May 19, 2026
    Days on Market:
    9
    Last Refresh:
    May 20 at 4:35 am

    Property Features for 1502 GALVESTON ST

    General Information

    Standard status
    Active
    Size
    9,340 SF
    Lot size
    1.30 Acres
    Property subtype
    Industrial, Land

    Building Details

    Year Built
    1977

    Spaces For Lease

    at 1502 GALVESTON ST Contact us

    We can help!

    Listing Contact
    Tim Larson
    Tim Larson

    Listing agent Tim Larson License #TX 0695022

    Listing office Keller Williams Memorial

    Listing date May 19, 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 Keller Williams Memorial

    HighLights

    • Strategically located in a connected industrial corridor near major transportation routes for exceptional accessibility.
    • Large, stabilized, and fully fenced 1.3‑acre yard ideal for various operations.
    • Functional 9,340 SF facility with warehouse, shop, and office space.
    • Features multiple grade‑level roll‑up doors and covered service/work areas.
    • Includes office buildout, employee break areas, and multiple restrooms.
    • Previously utilized as a transportation and fleet facility.

    Overview

    Located at 1502 Galveston St in South Houston, this industrial facility offers approximately 9,340 SF of warehouse, shop, and office space on approximately 1.3 acres. The property is designed to support a range of operational uses and was previously utilized as a transportation and fleet facility. It features a large, stabilized, and fully fenced yard suitable for fleet parking, contractor operations, equipment storage, logistics, automotive, or industrial outdoor storage. Improvements include multiple grade-level roll-up doors, covered service/work areas, office buildout, employee break areas, and multiple restrooms. The property is located near I-45, Hobby Airport, Loop 610, Beltway 8, the Port of Houston, Pasadena, and La Porte, providing accessibility throughout the Greater Houston area. South Houston is a business-friendly industrial hub known for its transportation, automotive, logistics, and service-sector presence. Its central location and proximity to major transportation corridors make it an attractive choice for businesses seeking operational efficiency, workforce accessibility, and connectivity to the Port and surrounding industrial markets.
    Location Intelligence

    Current Use by Public Records

    The Woodlands Express (Southbound) Parking Lot & Garage Southwest Bus Services ... Parking Lot & Garage First Class Tours ... Freight Service

    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
    -95.2440361
    Latitude
    29.6553593

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    FAQs

    What type of property is this?
    Warehouse - 9,340 SF industrial facility on 1.3 acres for lease.
    Where is this warehouse located?
    The property is located at 1502 GALVESTON ST South Houston, TX.
    What are key features of this property?
    This property features: Strategically located in a connected industrial corridor near major transportation routes for exceptional accessibility.; Large, stabilized, and fully fenced 1.3‑acre yard ideal for various operations.; Functional 9,340 SF facility with warehouse, shop, and office space.
    (805) 264-2020 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Larson
    Tim Larson
    Real Estate License ID: TX 0695022
    Learn More
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    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.

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