Warehouse with Unrestricted
For Sale
$1,499,000
Pending
20515 Kickapoo Road, Waller, TX 77484
Warehouse property with office and restroom improvements on unrestricted acreage, supported by well and septic systems.
Property Size4,283 SF
Lot Size8.00 Acres
Days on Market71
Property Features for 20515 Kickapoo Road
General Information
Standard status
Pending
Size
4,283 SF
Lot size
8.00 Acres
Property subtype
Country Homes/Acreage
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$13,592
Amenities
swimming pool
Building Details
Building Size
4,283 SF
Year Built
1954
Buildings
4
Listing Agency:
Waller County Land Co.
Listed By:
Roger Frey · License #0515194
(713) 299-3181
Source:
Nancyalmodovar
Added: Aug 5
Changed: Oct 6
Last Checked: Oct 13 at 3:08AM
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 Waller County Land Co.
Investment Insights
Based on property information with market context.
This warehouse property includes a 4,000-square-foot building with an interior office and restroom. The improvements sit on 8 unrestricted acres and are complemented by an older barn and a swimming pool. Separate residences are also located on the property, including a remodeled 6-bedroom home measuring 4,283 square feet and an additional 2-bedroom home with 1,534 square feet.
Access is provided by three entrances along Kickapoo Road. The property operates with a well and septic system and is positioned near US 290 and FM 2920. Its warehouse, office, restroom, acreage, and residential improvements create a varied property configuration for commercial, storage, and family-use considerations, subject to applicable requirements.
Access is provided by three entrances along Kickapoo Road. The property operates with a well and septic system and is positioned near US 290 and FM 2920. Its warehouse, office, restroom, acreage, and residential improvements create a varied property configuration for commercial, storage, and family-use considerations, subject to applicable requirements.
Key Highlights
- 4,000‑square‑foot warehouse with interior office and restroom
- 8 unrestricted acres
- Remodeled 6‑bedroom home with 4,283 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,595
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,900
$891.9K
Cap Rate 7%
$637,071
$637.1K
Cap Rate 9%
$495,500
$495.5K
Market Conditions
NOI Build-Up for 4,283 SF
Gross rent
$56.5K $13.20/SF
− Vacancy
−$4.1K −$0.95/SF
EGI
$52.5K $12.25/SF
− OpEx
−$7.9K −$1.84/SF
NOI
$44.6K $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 Rate 5%
$891,900
Cap Rate 7%
$637,071
Cap Rate 9%
$495,500
Alternative Uses
Best Use
Warehouse
$637.1K
$557.4K – $743.3K
NOI $44,595 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,864 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77484, TX
13,449
Population
5,180
Households
2.6
Avg Household Size
39
Median Age
25%
College-Educated
84%
High-School Grad
151.0 sq mi
ZIP Area
89
Density / Sq Mi
$71,446
Median Household Income
$35,091
Median Earnings
$1,075
Median Rent
$243,400
Median Home Value
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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?
Warehouse - Warehouse property with office and restroom improvements on unrestricted acreage, supported by well and septic systems.
Where is this warehouse located?
The property is located at 20515 Kickapoo Road Waller, TX.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 4,000‑square‑foot warehouse with interior office and restroom; 8 unrestricted acres; Remodeled 6‑bedroom home with 4,283 square feet
