Multi-Tenant Industrial Asset For
16820 Lee Rd Humble, TX 77396
16820 Lee Rd, Humble, TX, 77396
$2,700,000
For Sale
$2,700,000
24,750 SF multi-tenant industrial asset on 2.05 acres.
Property Size24,750 SF
Lot Size2.05 Acres
Price / SF$109.09
Days on Market111
Property Features for 16820 Lee Rd
General Information
- Standard status
- Active
- Size
- 24,750 SF
- Lot size
- 2.05 Acres
- Property subtype
- Warehouse
Building Details
- Year Built
- 1985
Listing agency
Marcus & Millichap - Dallas
(713) 452-4384
Listed by
Grant Roosma · License #License(s): TX: 841845
(713) 452-4384
Source
Marcusmillichap
Added: Apr 4 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:06AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The property is a 24,750-square-foot multi-tenant industrial asset situated on 2.05 acres of land. This industrial property features 15-foot clear height, 300-amp power, and approximately 16 percent of finished office space. The property is currently 100 percent occupied by two tenants, generating $234,000 in current annualized gross income. The tenants are a significant source of revenue for the property, and their occupancy ensures a stable income stream. The property's occupancy rate and revenue generation make it an attractive investment opportunity. The property's current lease terms present a value-add opportunity for investors, as there is potential to convert to triple-net lease terms. This conversion could increase the property's revenue and attractiveness to potential buyers. The location of the property is also a major advantage, with direct access to the Hardy Toll Road and proximity to George Bush Intercontinental Airport. This prime location provides easy access to major transportation routes and infrastructure. The North Hardy Toll Road submarket, where the property is located, has a below-national-average vacancy rate of 6.3 percent in the first quarter of 2026. The limited supply of multi-tenant industrial properties in the area also contributes to the property's value.
Key Highlights
- 100% occupancy: enjoy immediate and stable income.
- $234,000 annualized gross income: a substantial return on investment.
- Prime location: direct access to Hardy Toll Road and close to George Bush Intercontinental Airport.
Local Financial Insights For Industrial
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 | $326.7k | $13.20 |
| − Vacancy | −$23.5k | −$0.95 |
| EGI | $303.2k | $12.25 |
| − OpEx | −$91.0k | −$3.67 |
| NOI | $212.2k | $8.57 |
24,750 SF · lease $13.20/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$4.63M
$4.05M – $5.40M
NOI $324,181 @ 7.0% cap · market cap 12.01%
Second Best
Warehouse
$3.68M
$3.22M – $4.30M
NOI $257,701 @ 7.0% cap · market cap 9.54%
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $473,062 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Houston Deli Provisions
Big Box & Wholesale Store
Alexander Tent Rentals
Rental Equipment Company
Cakeboard Games
Arcade & Gaming Center
Brinkman Consulting
Marketing & Advertising
Cakeboard Designs
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - 24,750 SF multi-tenant industrial asset on 2.05 acres.
Where is this warehouse located?
The property is located at 16820 Lee Rd Humble, TX.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 100% occupancy: enjoy immediate and stable income.; $234,000 annualized gross income: a substantial return on investment.; Prime location: direct access to Hardy Toll Road and close to George Bush Intercontinental Airport.
