Drive-In Bay
1923 KOLFAHL ST, Houston, TX 77023
For Sale
Contact for pricing
Renovated industrial space combines a metal building with multiple drive-in bays.
Property Size12,500 SF
Lot Size1.00 Acre
Price / SF$112
Days on Market18
Property Features for 1923 KOLFAHL ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Warehouse Space
Drive-In Doors
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Building Size
Construction
Listing Agency:
NAN AND COMPANY PROPERTIES
Listed By:
Michelle Gomez · License TX #9003484
Source:
Crexi
Added: Oct 27
Changed: Nov 9
Last Checked: Nov 12 at 7:33AM
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 NAN AND COMPANY PROPERTIES
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Investment Insights
Based on property information with market context.
The Houston warehouse contains 12,500 square feet in a metal building on a 1-acre parcel. Its configuration includes seven drive-in bays and 20-foot clear height. Built in 1965, the building underwent renovation in 2024.
The property is at 1923 Kolfahl Street in Houston’s Lawndale-Wayside area. The available facts describe an industrial facility with substantial clear height and multiple drive-in bays.
The property is at 1923 Kolfahl Street in Houston’s Lawndale-Wayside area. The available facts describe an industrial facility with substantial clear height and multiple drive-in bays.
Key Highlights
- 12,500 SF metal warehouse on a 1‑acre lot
- Seven drive‑in bays
- 20‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,004
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,080
$1.8M
Cap Rate 7%
$1,314,343
$1.3M
Cap Rate 9%
$1,022,267
$1.0M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$120.0K $9.60/SF
− Vacancy
−$11.8K −$0.94/SF
EGI
$108.2K $8.66/SF
− OpEx
−$16.2K −$1.30/SF
NOI
$92.0K $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 Rate 5%
$1,840,080
Cap Rate 7%
$1,314,343
Cap Rate 9%
$1,022,267
Alternative Uses
Best Use
Warehouse
$1.31M
$1.15M – $1.53M
NOI $92,004 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $225,000 @ 7.0% cap · market cap 16.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
7
Drive-in doors
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Houston
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- C&M Moving and Storage — 1945 Tellepsen St, Houston, TX 77023
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial space combines a metal building with multiple drive-in bays.
Where is this warehouse located?
The property is located at 1923 KOLFAHL ST Houston, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 12,500 SF metal warehouse on a 1‑acre lot; Seven drive‑in bays; 20‑foot clear height
