Self-Storage Facility with Covered
18207 North Eldridge Parkway, Tomball, TX 77377
For Sale
Contact for pricing
A mix of enclosed storage units, office-warehouse space, and covered outdoor storage accommodates varied storage needs.
Property Size10,655 SF
Lot Size3.11 Acres
Price / SF$337.87
Days on Market39
Property Features for 18207 North Eldridge Parkway
General Information
Standard status
Size
Class
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Additional Details
Outdoor Storage
Tenant in Place
Property Use
Building Details
Year Built
Building Size
Listing Agency:
Kassin Sabbagh Realty
Listed By:
David Warren
(646) 261-0250
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 4:29PM
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 Kassin Sabbagh Realty
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Investment Insights
Based on property information with market context.
This Tomball property combines approximately 10,655 square feet of office-warehouse space with covered outdoor storage and parking across 3.11 acres. Built in 2017, the Class B facility includes ten units of roughly 1,040 square feet each, along with outdoor areas suited to boat, RV, trailer, and other commercial storage. The property is located on North Eldridge Parkway, near Treetop Hills Lane, and is approximately 30 minutes from George Bush Intercontinental Airport.
Leasing combines month-to-month storage arrangements with office-warehouse leases of 12 to 24 months. The reported cap rate is 5.89%.
Leasing combines month-to-month storage arrangements with office-warehouse leases of 12 to 24 months. The reported cap rate is 5.89%.
Key Highlights
- 3.11‑acre property with covered outdoor storage and parking
- Approximately 10,655 SF of office‑warehouse space in ten roughly 1,040 SF units
- Built in 2017; Class B property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,942
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,840
$2.2M
Cap Rate 7%
$1,584,886
$1.6M
Cap Rate 9%
$1,232,689
$1.2M
Market Conditions
NOI Build-Up for 10,655 SF
Gross rent
$140.6K $13.20/SF
− Vacancy
−$10.1K −$0.95/SF
EGI
$130.5K $12.25/SF
− OpEx
−$19.6K −$1.84/SF
NOI
$110.9K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,218,840
Cap Rate 7%
$1,584,886
Cap Rate 9%
$1,232,689
Alternative Uses
Best Use
Warehouse
$1.58M
$1.39M – $1.85M
NOI $110,942 @ 7.0% cap · market cap 3.08%
Second Best
Self Storage
$1.56M
$1.37M – $1.82M
NOI $109,371 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.91M
$2.55M – $3.39M
NOI $203,655 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
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Business Placement
Demographics for 77377, TX
39,711
Population
13,625
Households
2.9
Avg Household Size
37
Median Age
46%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
1,128
Density / Sq Mi
$123,015
Median Household Income
$66,548
Median Earnings
$1,676
Median Rent
$352,000
Median Home Value
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Market
Properties on Market for Self storage facilities in Harris County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Self storage facility - A mix of enclosed storage units, office-warehouse space, and covered outdoor storage accommodates varied storage needs.
Where is this self storage facility located?
The property is located at 18207 North Eldridge Parkway Tomball, TX.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 3.11‑acre property with covered outdoor storage and parking; Approximately 10,655 SF of office‑warehouse space in ten roughly 1,040 SF units; Built in 2017; Class B property
