Commercial Building on Unrestricted
16310 Chimney Rock Rd Houston, TX 77053
16310 Chimney Rock Rd, Houston, TX, 77053
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For Sale
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Turnkey commercial building on 3.93 acres in Houston.
Property Size15,000 SF
Lot Size3.93 Acres
Price / SF$193.33
Days on Market67
Property Features for 16310 Chimney Rock Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 3.93 Acres
- Property subtype
- Mixed Use, Special Purpose
Listing Agency
Texas Commercial Real Estate Services
(713) 473-7200
Listed by
Flavio Beato · License #729360
Source
Crexi
Added: May 14 Checked: Jul 19 at 3:54 am
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 Texas Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This is a turnkey commercial building situated on approximately 3.93 unrestricted acres. The property is located in a rapidly developing Houston corridor and features prime frontage along Chimney Rock Rd, offering strong visibility and convenient access. The unrestricted reserve tract allows for flexible redevelopment, owner-user occupancy, or investment opportunities. The property is strategically positioned in Southwest Houston near major residential growth and established retail corridors. The building has a size of 15000 square feet and is suitable for a variety of commercial users.
Key Highlights
- Prime frontage on Chimney Rock Rd with strong visibility.
- Unrestricted 3.93‑acre tract allows for flexible redevelopment.
- Located in a rapidly developing Houston corridor.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $24.00 |
| − Vacancy | −$43.2k | −$2.88 |
| EGI | $316.8k | $21.12 |
| − OpEx | −$118.8k | −$7.92 |
| NOI | $198.0k | $13.20 |
15,000 SF · lease $24.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.83M
$2.48M – $3.30M
NOI $198,000 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,000 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Inspiration Church
Church
Impact Church of Houston
Church
Miracle Christian Fellowship
Church
Iglesia Rios de ...
Church
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FAQs
What type of property is this?
Mixed-use property - Turnkey commercial building on 3.93 acres in Houston.
Where is this mixed-use property located?
The property is located at 16310 Chimney Rock Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime frontage on Chimney Rock Rd with strong visibility.; Unrestricted 3.93‑acre tract allows for flexible redevelopment.; Located in a rapidly developing Houston corridor.
