Gated Warehouse with
16702 Lee Rd, Houston, TX 77396
For Sale
New
$290,000
Two linked warehouse areas pair separate loading access with private office space.
Property Size3,115 SF
Lot Size0.19 Acres
Price / SF$93.10
Days on Market3
Property Features for 16702 Lee Rd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Fenced Yard
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
eXp Realty Houston
Listed By:
Sydney Peterson · License TX #805042
(919) 402-3160
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 4:35AM
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 eXp Realty Houston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding warehouse property contains approximately 3,115 square feet on an 8,276-square-foot lot. The interior includes three private offices and one bathroom, with the office area connecting directly to the warehouse. Two adjoining warehouse sections each have a bay door, providing separate loading points while retaining interior passage between them.
The site is enclosed by fencing and accessed through a gate. Asphalt and concrete paving provide room for approximately 18–20 vehicles, and a covered canopy shelters a concrete slab. The property is on Lee Road near Rankin Road, with access to I-69/US-59.
The site is enclosed by fencing and accessed through a gate. Asphalt and concrete paving provide room for approximately 18–20 vehicles, and a covered canopy shelters a concrete slab. The property is on Lee Road near Rankin Road, with access to I-69/US-59.
Key Highlights
- Approximately 3,115 square feet of building area on an 8,276‑square‑foot lot
- Two adjoining warehouse areas, each with its own bay door
- Office area includes three private offices and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,927
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,540
$458.5K
Cap Rate 7%
$327,529
$327.5K
Cap Rate 9%
$254,744
$254.7K
Market Conditions
NOI Build-Up for 3,115 SF
Gross rent
$29.9K $9.60/SF
− Vacancy
−$2.9K −$0.94/SF
EGI
$27.0K $8.66/SF
− OpEx
−$4.0K −$1.30/SF
NOI
$22.9K $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%
$458,540
Cap Rate 7%
$327,529
Cap Rate 9%
$254,744
Alternative Uses
Best Use
Flex RnD
$463.4K
$405.5K – $540.6K
NOI $32,436 @ 7.0% cap · market cap 11.18%
Second Best
Warehouse
$327.5K
$286.6K – $382.1K
NOI $22,927 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$801.0K
$700.9K – $934.5K
NOI $56,070 @ 7.0% cap · market cap 19.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77396, TX
61,058
Population
20,532
Households
3
Avg Household Size
32
Median Age
25%
College-Educated
83%
High-School Grad
24.9 sq mi
ZIP Area
2,452
Density / Sq Mi
$76,506
Median Household Income
$45,385
Median Earnings
$1,459
Median Rent
$234,100
Median Home Value
Market
Properties on Market for Warehouses in Houston
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Bounce Luggage Storage - Houston Airport (George Bush) — 15935 Lee Rd B, Houston, TX 77032
- AAA Affordable Storage — 5880 Greens Rd, Humble, TX 77396
Frequently Asked Questions
What type of property is this?
Warehouse - Two linked warehouse areas pair separate loading access with private office space.
Where is this warehouse located?
The property is located at 16702 Lee Rd Houston, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Approximately 3,115 square feet of building area on an 8,276‑square‑foot lot; Two adjoining warehouse areas, each with its own bay door; Office area includes three private offices and one bathroom
