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 Market10
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
(713) 490-3784
Listed By:
Craig Bean · License #TX 690836
Source:
Crexi
Added: Jul 28
Changed: Aug 5
Last Checked: Aug 6 at 10:11AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
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
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Self-Storage at U-Haul — 16311 North Fwy, Houston, TX 77090
- Self-Storage at U-Haul — 16405 I-45, Houston, TX 77090
- Self Storage Hitches — 16405 I-45, Houston, TX 77090
- Coleman American Moving Services, Inc. — 603 Northpark Central Dr #200, Houston, TX 77073
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
