Freestanding Flex Space with Grade
For Sale
Contact for pricing
19650 Ramblewood Dr, Humble, TX 77338
Warehouse and office improvements provide flexible commercial functionality with outdoor storage and surface parking.
Property Size8,041 SF
Lot Size2.00 Acres
Price / SF$198.98
Days on Market10
Property Features for 19650 Ramblewood Dr
General Information
Standard status
Active
Size
8,041 SF
Class
C
Lot size
2.00 Acres
Property subtype
Industrial
Zoning
Commercial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
4
Building Details
Year Built
1993
Stories
1
Tenancy
Single
Building Size
8,041 SF
Listing Agency:
The Doug Erdy Group
Listed By:
Asheley Verron · License #TX 668377
Source:
Crexi
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 12 at 10:18AM
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 The Doug Erdy Group
Investment Insights
Based on property information with market context.
Freestanding flex space totaling 8,041 square feet combines warehouse and office areas on a 2.0-acre commercial site. The 1993 building offers 14-foot clear heights and four oversized, drive-through grade-level doors, supporting distribution, manufacturing, contractor, and automotive service operations. The property can also accommodate an owner-user configuration.
Outdoor storage and surface parking extend the utility of the site. Access connects the property with FM 1960, I-69/US-59, Beltway 8, and George Bush Intercontinental Airport, providing reach across the Houston metro area and Northeast Houston industrial market.
Outdoor storage and surface parking extend the utility of the site. Access connects the property with FM 1960, I-69/US-59, Beltway 8, and George Bush Intercontinental Airport, providing reach across the Houston metro area and Northeast Houston industrial market.
Key Highlights
- 8,041 square feet of warehouse and office space on 2.0 acres
- 14‑foot clear heights support a range of industrial operations
- Four oversized drive‑through grade‑level doors
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
$105,323
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
6.58%
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%
$2,106,460
$2.1M
Cap Rate 7%
$1,504,614
$1.5M
Cap Rate 9%
$1,170,256
$1.2M
Market Conditions
NOI Build-Up for 8,041 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
$185.3K $23.04/SF
− Vacancy
−$44.8K −$5.58/SF
EGI
$140.4K $17.46/SF
− OpEx
−$35.1K −$4.37/SF
NOI
$105.3K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /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%
$2,106,460
Cap Rate 7%
$1,504,614
Cap Rate 9%
$1,170,256
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,323 @ 7.0% cap · market cap 6.58%
Second Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,724 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,692 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
699
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Uzma Catering — 1410 FM 1960, Humble, TX 77338
- LA BROWNS L.L.C. — 1202 1st St E #2739, Humble, TX 77347
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office improvements provide flexible commercial functionality with outdoor storage and surface parking.
Where is this flex space located?
The property is located at 19650 Ramblewood Dr Humble, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 8,041 square feet of warehouse and office space on 2.0 acres; 14‑foot clear heights support a range of industrial operations; Four oversized drive‑through grade‑level doors
