Food Grade Warehouse with Truck
For Sale
$3,750,000
213 E Hamilton St, Houston, TX 77076
USDA/FDA approved warehouse with multiple truck loading points and office space for food-related operations.
Property Size16,537 SF
Lot Size1.02 Acres
Price / SF$226.76
Days on Market95
Property Features for 213 E Hamilton St
General Information
Standard status
Active
Size
16,537 SF
Lot size
1.02 Acres
Property subtype
Industrial
Warehouse & Industrial
Dock-High Doors
2
Drive-In Doors
1
Heavy Power
Yes
Listing Agency:
Houston
Listed By:
Christopher S. Klein · License #325140
(713) 830-2141
Source:
Colliers
Added: Jun 12
Changed: Sep 8
Last Checked: Sep 13 at 3:54AM
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 Houston
Investment Insights
Based on property information with market context.
This for-sale industrial property includes a food grade USDA/FDA approved warehouse of approximately +/-16,537 square feet, plus a separate 992 square-foot metal building identified as Tract 2. Interior improvements include a large break room and approximately 500 square feet of office space, supporting both production and administrative needs. Material handling is supported by two truck wells and one grade level door, providing multiple options for inbound and outbound operations. Electrical service is listed as approximately 12,000 amps.
The site is laid out as two tracts: Tract 1 totals 1.02 acres and Tract 2 totals 0.93 acres, creating flexibility for use and on-site staging. The property is located at 213 E Hamilton St in Houston, Texas.
For tenants or buyers seeking food-grade space, the USDA/FDA approved designation is a key consideration, alongside the combination of office area and dedicated break room. The loading configuration with truck wells and a grade level door can support shipping and receiving workflows for light manufacturing, processing, or distribution requiring controlled handling. The separate metal building on Tract 2 may also provide additional space for operational support, storage, or specialized use, depending on the buyer’s needs.
The site is laid out as two tracts: Tract 1 totals 1.02 acres and Tract 2 totals 0.93 acres, creating flexibility for use and on-site staging. The property is located at 213 E Hamilton St in Houston, Texas.
For tenants or buyers seeking food-grade space, the USDA/FDA approved designation is a key consideration, alongside the combination of office area and dedicated break room. The loading configuration with truck wells and a grade level door can support shipping and receiving workflows for light manufacturing, processing, or distribution requiring controlled handling. The separate metal building on Tract 2 may also provide additional space for operational support, storage, or specialized use, depending on the buyer’s needs.
Key Highlights
- USDA/FDA approved food‑grade warehouse with +/- 16,537 SF building
- Two tracts totaling 1.02 acres (Tract 1) and 0.93 acres (Tract 2), plus a 992 SF metal building on Tract 2
- Multiple loading options including 2 truck wells and a grade‑level door
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
$121,718
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
3.25%
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%
$2,434,360
$2.4M
Cap Rate 7%
$1,738,829
$1.7M
Cap Rate 9%
$1,352,422
$1.4M
Market Conditions
NOI Build-Up for 16,537 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
$158.8K $9.60/SF
− Vacancy
−$15.6K −$0.94/SF
EGI
$143.2K $8.66/SF
− OpEx
−$21.5K −$1.30/SF
NOI
$121.7K $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 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%
$2,434,360
Cap Rate 7%
$1,738,829
Cap Rate 9%
$1,352,422
Alternative Uses
Best Use
Warehouse
$1.74M
$1.52M – $2.03M
NOI $121,718 @ 7.0% cap · market cap 3.25%
Second Best
Industrial
$1.33M
$1.17M – $1.55M
NOI $93,244 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,666 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77076, TX
32,349
Population
10,650
Households
3
Avg Household Size
31
Median Age
6%
College-Educated
55%
High-School Grad
4.7 sq mi
ZIP Area
6,883
Density / Sq Mi
$39,895
Median Household Income
$26,809
Median Earnings
$1,151
Median Rent
$147,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Warehouse - USDA/FDA approved warehouse with multiple truck loading points and office space for food-related operations.
Where is this warehouse located?
The property is located at 213 E Hamilton St Houston, TX.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: USDA/FDA approved food‑grade warehouse with +/- 16,537 SF building; Two tracts totaling 1.02 acres (Tract 1) and 0.93 acres (Tract 2), plus a 992 SF metal building on Tract 2; Multiple loading options including 2 truck wells and a grade‑level door
