Industrial Flex Property with
New
For Sale
Contact for pricing
201 16TH ST, La Porte, TX 77571
Corner industrial property with office, warehouse, truck-route access, and vacant delivery at closing.
Property Size5,000 SF
Lot Size1.00 Acre
Price / SF$199
Days on Market4
Property Features for 201 16TH ST
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.00 Acre
Property subtype
INDUSTRIAL
Zoning
LI
Warehouse & Industrial
Warehouse Space
3,500 SF
Office Build-Out
1,500 SF
Drive-In Doors
3
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
KW Commercial Texas
(713) 470-2100
Listed By:
Tim Larson · License #695022
(281) 508-0800
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 18 at 11:57AM
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 KW Commercial Texas
Investment Insights
Based on property information with market context.
This flex industrial property combines an integrated office component with a functional warehouse and shop area. The 5,000-square-foot structure includes approximately 1,500 square feet of office space with reception, three private offices, a conference room, kitchenette, workstations, two restrooms, and an open layout. Approximately 3,500 square feet of warehouse space includes a 2-ton rail crane, three grade-level roll-up doors, a shop restroom, a climate-controlled shop office, and 120/240-volt three-phase electrical service.
The property spans 43,750 square feet across four lots, with mostly stabilized land, LI zoning, a corner position, and placement on a designated truck route. It is situated between W. Main St. (Spencer Hwy) and the Barbours Cut Terminal near Hwy 146 and the Port of Houston. The property is offered as-is and will be delivered vacant at the close of escrow.
The property spans 43,750 square feet across four lots, with mostly stabilized land, LI zoning, a corner position, and placement on a designated truck route. It is situated between W. Main St. (Spencer Hwy) and the Barbours Cut Terminal near Hwy 146 and the Port of Houston. The property is offered as-is and will be delivered vacant at the close of escrow.
Key Highlights
- 5,000‑square‑foot industrial structure with integrated office and warehouse space
- Approximately 1,500 SF of office space with three private offices, conference room, kitchenette, and two restrooms
- Approximately 3,500 SF warehouse with 2‑ton rail crane and three grade‑level roll‑up 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
$52,061
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
5.23%
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%
$1,041,220
$1.0M
Cap Rate 7%
$743,729
$743.7K
Cap Rate 9%
$578,456
$578.5K
Market Conditions
NOI Build-Up for 5,000 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
$66.0K $13.20/SF
− Vacancy
−$4.8K −$0.95/SF
EGI
$61.2K $12.25/SF
− OpEx
−$9.2K −$1.84/SF
NOI
$52.1K $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 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%
$1,041,220
Cap Rate 7%
$743,729
Cap Rate 9%
$578,456
Alternative Uses
Best Use
Warehouse
$743.7K
$650.8K – $867.7K
NOI $52,061 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$612.5K
$535.9K – $714.6K
NOI $42,874 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.37M
$1.19M – $1.59M
NOI $95,568 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77571, TX
37,018
Population
14,428
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
37.1 sq mi
ZIP Area
998
Density / Sq Mi
$83,795
Median Household Income
$50,441
Median Earnings
$1,328
Median Rent
$220,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Corner industrial property with office, warehouse, truck-route access, and vacant delivery at closing.
Where is this flex space located?
The property is located at 201 16TH ST La Porte, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,000‑square‑foot industrial structure with integrated office and warehouse space; Approximately 1,500 SF of office space with three private offices, conference room, kitchenette, and two restrooms; Approximately 3,500 SF warehouse with 2‑ton rail crane and three grade‑level roll‑up doors
