Freestanding Industrial
For Sale
Contact for pricing
16291 North Freeway, Houston, TX 77090
Leased industrial property positioned along the Interstate 45 corridor in Houston.
Property Size5,500 SF
Price / SF$207.88
Days on Market84
Property Features for 16291 North Freeway
General Information
Standard status
Active
Size
5,500 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2022
Buildings
1
Tenancy
Single
Building Size
5,500 SF
Listing Agency:
Transwestern Houston
Listed By:
Craig Bean · License #690836
(713) 490-3784
Source:
Crexi
Added: Jul 28
Changed: Oct 3
Last Checked: Oct 19 at 5:44AM
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 Transwestern Houston
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Investment Insights
Based on property information with market context.
This freestanding industrial warehouse contains 5,500 square feet and was completed in 2022. The building is fully leased to Knight Commercial through December 31, 2029. Knight Commercial provides restoration, construction, and roofing services and is described as a nationwide operator.
The property fronts the Interstate 45 corridor in Houston’s North Houston submarket, placing the building within an established industrial area. Its standalone configuration and existing occupancy provide a straightforward commercial real estate profile for warehouse-focused ownership.
The property fronts the Interstate 45 corridor in Houston’s North Houston submarket, placing the building within an established industrial area. Its standalone configuration and existing occupancy provide a straightforward commercial real estate profile for warehouse-focused ownership.
Key Highlights
- 5,500‑square‑foot freestanding industrial building
- Constructed in 2022
- 100% leased to Knight Commercial through December 31, 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,482
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,640
$809.6K
Cap Rate 7%
$578,314
$578.3K
Cap Rate 9%
$449,800
$449.8K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$52.8K $9.60/SF
− Vacancy
−$5.2K −$0.94/SF
EGI
$47.6K $8.66/SF
− OpEx
−$7.1K −$1.30/SF
NOI
$40.5K $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%
$809,640
Cap Rate 7%
$578,314
Cap Rate 9%
$449,800
Alternative Uses
Best Use
Warehouse
$578.3K
$506.0K – $674.7K
NOI $40,482 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $99,000 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Coleman American Moving Services, Inc. — 603 Northpark Central Dr #200, Houston, TX 77073
- Self-Storage at U-Haul — 16405 I-45, Houston, TX 77090
- Self Storage Hitches — 16405 I-45, Houston, TX 77090
- Self-Storage at U-Haul — 16311 North Fwy, Houston, TX 77090
Frequently Asked Questions
What type of property is this?
Warehouse - Leased industrial property positioned along the Interstate 45 corridor in Houston.
Where is this warehouse located?
The property is located at 16291 North Freeway Houston, TX.
What is the asking price?
The asking price for this property is $1,143,366.
What are key features of this property?
This property features: 5,500‑square‑foot freestanding industrial building; Constructed in 2022; 100% leased to Knight Commercial through December 31, 2029
