Leased Freestanding Industrial
For Sale
Contact for pricing
16271 North Fwy., Houston, TX 77090
5,400 SF leased industrial building with office space for sale.
Property Size13,200 SF
Price / SF$0.03
Days on Market152
Property Features for 16271 North Fwy.
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Industrial
Building Details
Building Size
13,200 SF
Year Built
2024
Listing Agency:
Lee & Associates
Listed By:
Felipe Rodriguez · License #TX #9012596
(832) 482-7052
Source:
Lee-associates
Added: May 21
Changed: Oct 6
Last Checked: Oct 19 at 3:30AM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 5,400 square foot freestanding industrial building is available for purchase. The property includes approximately 700 square feet of office space. The building is currently 100% leased. The property is located in Houston, Texas.
Key Highlights
- 100% Leased Investment Property
- Free Standing Building
- Built in 2022 (New Construction)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,448
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,960
$609.0K
Cap Rate 7%
$434,971
$435.0K
Cap Rate 9%
$338,311
$338.3K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$48.6K $9.00/SF
− Vacancy
−$5.1K −$0.95/SF
EGI
$43.5K $8.06/SF
− OpEx
−$13.0K −$2.42/SF
NOI
$30.4K $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 Rate 5%
$608,960
Cap Rate 7%
$434,971
Cap Rate 9%
$338,311
Alternative Uses
Best Use
Flex RnD
$803.3K
$702.9K – $937.2K
NOI $56,230 @ 7.0% cap · market cap 39,321.68%
Second Best
Industrial
$435.0K
$380.6K – $507.5K
NOI $30,448 @ 7.0% cap · market cap 21,292.31%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 67,972.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77090, TX
42,285
Population
19,076
Households
2.2
Avg Household Size
30
Median Age
25%
College-Educated
88%
High-School Grad
8.6 sq mi
ZIP Area
4,917
Density / Sq Mi
$48,196
Median Household Income
$35,936
Median Earnings
$1,228
Median Rent
$235,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Yaffa kitchen by ChefEmy — 16215 North Fwy, Houston, TX 77090
Frequently Asked Questions
What type of property is this?
Flex space - 5,400 SF leased industrial building with office space for sale.
Where is this flex space located?
The property is located at 16271 North Fwy. Houston, TX.
What are key features of this property?
This property features: 100% Leased Investment Property; Free Standing Building; Built in 2022 (New Construction)
