Commercial Building on Unrestricted
For Sale
Contact for pricing
16310 Chimney Rock Rd, Houston, TX 77053
Turnkey commercial building on 3.93 acres in Houston.
Property Size15,000 SF
Lot Size3.93 Acres
Price / SF$193.33
Days on Market112
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
Zoning
Unrestricted
Investment Type
Owner/User
Listing Agency:
Texas Commercial Real Estate Services
Listed By:
Joel C. English · License #TX 465800
(713) 473-7200
Source:
Crexi
Added: May 14
Changed: Aug 14
Last Checked: Aug 29 at 1:57AM
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.
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
$198,000
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
6.83%
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%
$3,960,000
$4.0M
Cap Rate 7%
$2,828,571
$2.8M
Cap Rate 9%
$2,200,000
$2.2M
Market Conditions
NOI Build-Up for 15,000 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
$360.0K $24.00/SF
− Vacancy
−$43.2K −$2.88/SF
EGI
$316.8K $21.12/SF
− OpEx
−$118.8K −$7.92/SF
NOI
$198.0K $13.20/SF
Area
Houston, TX
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$3,960,000
Cap Rate 7%
$2,828,571
Cap Rate 9%
$2,200,000
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 77053, TX
30,350
Population
9,716
Households
3.1
Avg Household Size
34
Median Age
13%
College-Educated
72%
High-School Grad
11.4 sq mi
ZIP Area
2,662
Density / Sq Mi
$63,739
Median Household Income
$32,177
Median Earnings
$1,579
Median Rent
$166,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
