Versatile Warehouse with Office
For Sale
$2,399,000
2010 Gault Rd, Houston, TX 77039
25,000 SF warehouse with office and corporate housing.
Property Size25,000 SF
Lot Size3.00 Acres
Price / SF$95.96
Days on Market227
Property Features for 2010 Gault Rd
General Information
Standard status
Active
Size
25,000 SF
Lot size
3.00 Acres
Property subtype
Industrial - Warehouse/Distribution
Building Details
Building Size
25,000 SF
Year Built
2007
Listing Agency:
Transwestern
Listed By:
Matthew Morrison · License #680426
(713) 270-3350
Source:
Commercialcafe
Added: Mar 7
Changed: Oct 14
Last Checked: Oct 19 at 4:25AM
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 Transwestern
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Investment Insights
Based on property information with market context.
This property features approximately 25,000 square feet of improvements, including approximately 15,000 square feet of warehouse space and approximately 10,000 square feet of office and corporate housing. An additional 2,500 square feet of office space is located within the main warehouse. The property is situated on approximately 3.00 acres and is fully fenced for security. The warehouse has a 24-foot clear height at the center. Loading and unloading are facilitated by three grade-level loading doors and one dock-high door with a truck well. All overhead doors measure 12 feet in width and 14 feet in height. The property includes a paved storage yard and is located outside Houston city limits.
Key Highlights
- ±15,000 SF Warehouse and ±10,000 SF Office & Corporate Housing
- ±3.00 Acres Fully Fenced & Secure
- Paved Storage Yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,963
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,819,260
$2.8M
Cap Rate 7%
$2,013,757
$2.0M
Cap Rate 9%
$1,566,256
$1.6M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$225.0K $9.00/SF
− Vacancy
−$23.6K −$0.95/SF
EGI
$201.4K $8.06/SF
− OpEx
−$60.4K −$2.42/SF
NOI
$141.0K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,819,260
Cap Rate 7%
$2,013,757
Cap Rate 9%
$1,566,256
Alternative Uses
Best Use
Flex RnD
$3.72M
$3.25M – $4.34M
NOI $260,325 @ 7.0% cap · market cap 10.85%
Second Best
Industrial
$2.01M
$1.76M – $2.35M
NOI $140,963 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$6.43M
$5.63M – $7.50M
NOI $450,000 @ 7.0% cap · market cap 18.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77039, TX
28,740
Population
8,692
Households
3.3
Avg Household Size
30
Median Age
5%
College-Educated
58%
High-School Grad
10.1 sq mi
ZIP Area
2,846
Density / Sq Mi
$44,567
Median Household Income
$30,385
Median Earnings
$1,169
Median Rent
$148,600
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 Houston, TX
Frequently Asked Questions
What type of property is this?
Flex space - 25,000 SF warehouse with office and corporate housing.
Where is this flex space located?
The property is located at 2010 Gault Rd Houston, TX.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: ±15,000 SF Warehouse and ±10,000 SF Office & Corporate Housing; ±3.00 Acres Fully Fenced & Secure; Paved Storage Yard
