Tilt-Wall Warehouse with
For Sale
Contact for pricing
18315 Aldine Westfield Rd, Houston, TX 77073
Newer concrete tilt-wall warehouse offering 28' clear height and ESFR sprinklers for logistics and light industrial use.
Property Size23,100 SF
Lot Size1.31 Acres
Price / SF$168.83
Days on Market78
Property Features for 18315 Aldine Westfield Rd
General Information
Standard status
Active
Size
23,100 SF
Lot size
1.31 Acres
Property subtype
Industrial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
28 ft
Heavy Power
Yes
Sprinkler System
Yes
Building Details
Year Built
2022
Listing Agency:
STRIVE Commercial Real Estate Advisors
Listed By:
Jennifer Pierson · License #424317-B
Source:
Crexi
Added: Jun 17
Changed: Aug 21
Last Checked: Aug 31 at 3:04AM
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 STRIVE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Aldine Westfield Small Bay is a 2022 concrete tilt-wall warehouse with a high-clearance interior designed for efficient storage and distribution. The building includes an ESFR fire sprinkler system and clear height of 28 feet. It is presented as vacant, allowing flexibility for an owner-user or a new tenant to move in without incumbent constraints.
The property totals 23,100 square feet of gross leasable area on 1.31 acres and is positioned for logistics convenience with unmatched proximity to George Bush Intercontinental Airport (IAH), as described in the offering materials. The site is supported by high-capacity power infrastructure, intended to accommodate industrial electrical needs.
For operators seeking a newer industrial facility, the combination of tilt-wall construction, ESFR sprinkler protection, and 28-foot clear height supports a range of warehousing and distribution requirements. For investors, the asset’s current vacant condition and modern improvements may streamline the path to preparing the space for income-producing occupancy, subject to leasing plans and market demand.
The property totals 23,100 square feet of gross leasable area on 1.31 acres and is positioned for logistics convenience with unmatched proximity to George Bush Intercontinental Airport (IAH), as described in the offering materials. The site is supported by high-capacity power infrastructure, intended to accommodate industrial electrical needs.
For operators seeking a newer industrial facility, the combination of tilt-wall construction, ESFR sprinkler protection, and 28-foot clear height supports a range of warehousing and distribution requirements. For investors, the asset’s current vacant condition and modern improvements may streamline the path to preparing the space for income-producing occupancy, subject to leasing plans and market demand.
Key Highlights
- 2022 concrete tilt‑wall industrial building with 23,100 SF of gross leasable area
- 28' clear height warehouse with ESFR fire sprinkler system
- Situated on 1.31 acres
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
$170,023
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
4.36%
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%
$3,400,460
$3.4M
Cap Rate 7%
$2,428,900
$2.4M
Cap Rate 9%
$1,889,144
$1.9M
Market Conditions
NOI Build-Up for 23,100 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
$221.8K $9.60/SF
− Vacancy
−$21.7K −$0.94/SF
EGI
$200.0K $8.66/SF
− OpEx
−$30.0K −$1.30/SF
NOI
$170.0K $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 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%
$3,400,460
Cap Rate 7%
$2,428,900
Cap Rate 9%
$1,889,144
Alternative Uses
Best Use
Warehouse
$2.43M
$2.13M – $2.83M
NOI $170,023 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.94M
$5.20M – $6.93M
NOI $415,800 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
28 ft
Clear height
Yes
Heavy power
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77073, TX
46,071
Population
14,989
Households
3.1
Avg Household Size
30
Median Age
14%
College-Educated
79%
High-School Grad
14.6 sq mi
ZIP Area
3,156
Density / Sq Mi
$72,271
Median Household Income
$37,132
Median Earnings
$1,330
Median Rent
$206,700
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 2UBOX — 18515 Aldine Westfield Rd, Houston, TX 77073
Frequently Asked Questions
What type of property is this?
Warehouse - Newer concrete tilt-wall warehouse offering 28' clear height and ESFR sprinklers for logistics and light industrial use.
Where is this warehouse located?
The property is located at 18315 Aldine Westfield Rd Houston, TX.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 2022 concrete tilt‑wall industrial building with 23,100 SF of gross leasable area; 28' clear height warehouse with ESFR fire sprinkler system; Situated on 1.31 acres
