Industrial Flex Space with
New
For Sale
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18919 Tomball Parkway, Houston, TX 77070
Facility combines warehouse functionality with climate-controlled offices and a dedicated showroom.
Property Size5,290 SF
Price / SF$245.75
Days on Market7
Property Features for 18919 Tomball Parkway
General Information
Standard status
Active
Size
5,290 SF
Property subtype
Retail, Office, Industrial
Warehouse & Industrial
Clear Height
12 ft
Mezzanine
1,720 SF
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Units
1
Listing Agency:
Revko Commercial Real Estate
(832) 748-1283
Listed By:
Jason Pate · License #0496521
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Sep 1 at 4:32AM
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 Revko Commercial Real Estate
Investment Insights
Based on property information with market context.
This 5,290 SF industrial flex facility includes four overhead doors, ±12' clear height, and an 1,100-lb crane. The interior provides approximately 1,720 SF of mezzanine space along with climate-controlled main-level and upstairs offices. A showroom, grease trap, and four ventilation fans add functional improvements for varied industrial operations.
Located at 18919 Tomball Parkway in Houston, the property has direct access to SH 249/Tomball Parkway, connecting the facility with Northwest Houston and surrounding major thoroughfares.
Located at 18919 Tomball Parkway in Houston, the property has direct access to SH 249/Tomball Parkway, connecting the facility with Northwest Houston and surrounding major thoroughfares.
Key Highlights
- 5,290 SF industrial flex facility
- Four overhead doors with ±12' clear height
- 1,100‑lb crane included
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
$61,703
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
4.75%
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%
$1,234,060
$1.2M
Cap Rate 7%
$881,471
$881.5K
Cap Rate 9%
$685,589
$685.6K
Market Conditions
NOI Build-Up for 5,290 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
$114.3K $21.60/SF
− Vacancy
−$32.0K −$6.05/SF
EGI
$82.3K $15.55/SF
− OpEx
−$20.6K −$3.89/SF
NOI
$61.7K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,234,060
Cap Rate 7%
$881,471
Cap Rate 9%
$685,589
Alternative Uses
Best Use
Office B
$881.5K
$771.3K – $1.03M
NOI $61,703 @ 7.0% cap · market cap 4.75%
Second Best
Flex RnD
$786.9K
$688.6K – $918.1K
NOI $55,085 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,220 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
697
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Facility combines warehouse functionality with climate-controlled offices and a dedicated showroom.
Where is this flex space located?
The property is located at 18919 Tomball Parkway Houston, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,290 SF industrial flex facility; Four overhead doors with ±12' clear height; 1,100‑lb crane included
