Three-Unit Warehouse
1510 Hopper Road, Houston, TX 77093
For Sale
Contact for pricing
Three separate warehouse areas each have grade-level loading access, with no existing office buildout.
Property Size20,112 SF
Lot Size0.69 Acres
Price / SF$94.42
Days on Market46
Property Features for 1510 Hopper Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Warehouse Space
Drive-In Doors
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Listing Agency:
General Property & Services
Listed By:
Justin Jaehne · License TX #649202
(832) 622-7830
Source:
Crexi
Added: Sep 29
Changed: Nov 10
Last Checked: Nov 12 at 7:51AM
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 General Property & Services
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Investment Insights
Based on property information with market context.
The 20,112-square-foot warehouse is arranged as three distinct areas: a 4,000-square-foot central rectangle, an 8,212-square-foot long rectangular section along the eastern side, and a 7,900-square-foot western L-shaped section. Each area has its own grade-level loading door, and building eaves range from 14 to 18 feet. There is no existing office space.
The property occupies a 150-foot-wide by 200-foot-deep lot totaling 0.69 acres. Recent site work includes ornamental iron fencing and a paved concrete front lot. Hopper Road is described as a commercial thoroughfare, with approximately 7,000 vehicles per day.
The property occupies a 150-foot-wide by 200-foot-deep lot totaling 0.69 acres. Recent site work includes ornamental iron fencing and a paved concrete front lot. Hopper Road is described as a commercial thoroughfare, with approximately 7,000 vehicles per day.
Key Highlights
- 20,112 square feet of warehouse space across three separate areas
- Three warehouse areas: 4,000 SF, 8,212 SF, and 7,900 SF
- One grade‑level loading door for each warehouse area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,031
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,620
$3.0M
Cap Rate 7%
$2,114,729
$2.1M
Cap Rate 9%
$1,644,789
$1.6M
Market Conditions
NOI Build-Up for 20,112 SF
Gross rent
$193.1K $9.60/SF
− Vacancy
−$18.9K −$0.94/SF
EGI
$174.2K $8.66/SF
− OpEx
−$26.1K −$1.30/SF
NOI
$148.0K $7.36/SF
Area
Houston, TX
Vacancy
9.80%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,620
Cap Rate 7%
$2,114,729
Cap Rate 9%
$1,644,789
Alternative Uses
Best Use
Warehouse
$2.11M
$1.85M – $2.47M
NOI $148,031 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.17M
$4.53M – $6.03M
NOI $362,016 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Houston
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- David & Son Storage — 11946 Aldine Westfield Rd, Houston, TX 77093
- NATION STORAGE LLC. — 1542 Mesquite St, Houston, TX 77093
Frequently Asked Questions
What type of property is this?
Warehouse - Three separate warehouse areas each have grade-level loading access, with no existing office buildout.
Where is this warehouse located?
The property is located at 1510 Hopper Road Houston, TX.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 20,112 square feet of warehouse space across three separate areas; Three warehouse areas: 4,000 SF, 8,212 SF, and 7,900 SF; One grade‑level loading door for each warehouse area
