Industrial Flex
15603 W Hardy Rd, Houston, TX 77060
For Sale
Contact for pricing
Three buildings offer flexible office and distribution layouts with loading docks and grade-level drive-in access.
Property Size140,905 SF
Price / SF$102.91
Days on Market10
Property Features for 15603 W Hardy Rd
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Property Use
Building Details
Buildings
Listing Agency:
Tarantino Properties
Listed By:
Mike Nilsen · License TX 411489-BB
(713) 974-4292
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 12 at 7:12AM
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 Tarantino Properties
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Investment Insights
Based on property information with market context.
This 140,905-square-foot Class B flex property comprises three buildings with suites ranging from 2,635 to 47,027 square feet. Configurations include office areas, loading docks, and grade-level drive-in doors, supporting a mix of office, flex, and distribution functions. A fully concrete truck court serves the property.
At 15603 W Hardy Rd in Houston, the site connects to I-45, Beltway 8, and the Hardy Toll Road, with Bush Intercontinental Airport also identified as an access point. W Hardy Road has been widened. The property is in North Houston.
At 15603 W Hardy Rd in Houston, the site connects to I-45, Beltway 8, and the Hardy Toll Road, with Bush Intercontinental Airport also identified as an access point. W Hardy Road has been widened. The property is in North Houston.
Key Highlights
- 140,905‑square‑foot Class B flex property across three buildings
- Suite sizes range from 2,635 to 47,027 square feet
- Building configurations include loading docks and grade‑level drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,037,106
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,742,120
$20.7M
Cap Rate 7%
$14,815,800
$14.8M
Cap Rate 9%
$11,523,400
$11.5M
Market Conditions
NOI Build-Up for 140,905 SF
Gross rent
$1.35M $9.60/SF
− Vacancy
−$132.6K −$0.94/SF
EGI
$1.22M $8.66/SF
− OpEx
−$183.0K −$1.30/SF
NOI
$1.04M $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%
$20,742,120
Cap Rate 7%
$14,815,800
Cap Rate 9%
$11,523,400
Alternative Uses
Best Use
Flex RnD
$20.96M
$18.34M – $24.45M
NOI $1,467,244 @ 7.0% cap · market cap 10.12%
Second Best
Warehouse
$14.82M
$12.96M – $17.29M
NOI $1,037,106 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$36.23M
$31.70M – $42.27M
NOI $2,536,290 @ 7.0% cap · market cap 17.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,571
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77060, TX
42,707
Population
16,660
Households
2.6
Avg Household Size
29
Median Age
7%
College-Educated
55%
High-School Grad
8.1 sq mi
ZIP Area
5,272
Density / Sq Mi
$37,843
Median Household Income
$26,278
Median Earnings
$1,024
Median Rent
$144,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Houston
Vacancy Rate% for Industrial in Houston, TX
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings offer flexible office and distribution layouts with loading docks and grade-level drive-in access.
Where is this flex space located?
The property is located at 15603 W Hardy Rd Houston, TX.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 140,905‑square‑foot Class B flex property across three buildings; Suite sizes range from 2,635 to 47,027 square feet; Building configurations include loading docks and grade‑level drive‑in doors
