Renovated Industrial Warehouse with
For Sale
Contact for pricing
21410 West Hammond Drive, Porter, TX 77365
Recently renovated warehouse on a fenced lot with front office and showroom, new exterior, LED lighting, and epoxy floors.
Property Size20,000 SF
Lot Size1.76 Acres
Price / SF$114.75
Days on Market163
Property Features for 21410 West Hammond Drive
General Information
Standard status
Active
Size
20,000 SF
Lot size
1.76 Acres
Property subtype
Retail, Office, Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Listing Agency:
Cameron Real Estate
Listed By:
Ethan Cameron · License #TX
(832) 579-7713
Source:
Crexi
Added: May 15
Changed: Oct 9
Last Checked: Oct 23 at 6:28AM
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 Cameron Real Estate
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Investment Insights
Based on property information with market context.
This recently renovated industrial warehouse is set on a fenced 1.76-acre lot and presents a turn-key interior and exterior upgrade. Improvements include a brand new metal exterior, fresh insulation, LED lighting throughout, and epoxy floors designed for durability. Office and showroom space are built out at the front of the building, providing dedicated customer or administrative area alongside warehouse operations.
The property is positioned for access to major transportation corridors, located just minutes off HWY 59/I69 and south of Grand Parkway 99. It also offers proximity to IAH Airport and Beltway 8, supporting regional distribution and commuting needs.
For tenants or buyers seeking a renovated warehouse with on-site front office/showroom configuration, this facility combines modern building systems and finish upgrades with practical layout for business operations, storage, or distribution.
The property is positioned for access to major transportation corridors, located just minutes off HWY 59/I69 and south of Grand Parkway 99. It also offers proximity to IAH Airport and Beltway 8, supporting regional distribution and commuting needs.
For tenants or buyers seeking a renovated warehouse with on-site front office/showroom configuration, this facility combines modern building systems and finish upgrades with practical layout for business operations, storage, or distribution.
Key Highlights
- 1.76‑acre fenced lot with a recently renovated industrial warehouse building
- New metal exterior, fresh insulation, and LED lighting throughout the warehouse
- Epoxy floors for durable interior flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,609
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,472,180
$2.5M
Cap Rate 7%
$1,765,843
$1.8M
Cap Rate 9%
$1,373,433
$1.4M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$155.2K $7.76/SF
− Vacancy
−$9.8K −$0.49/SF
EGI
$145.4K $7.27/SF
− OpEx
−$21.8K −$1.09/SF
NOI
$123.6K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,472,180
Cap Rate 7%
$1,765,843
Cap Rate 9%
$1,373,433
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.06M
NOI $123,609 @ 7.0% cap · market cap 5.39%
Second Best
Industrial
$1.45M
$1.27M – $1.70M
NOI $101,796 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$5.05M
$4.42M – $5.89M
NOI $353,434 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77365, TX
42,086
Population
15,442
Households
2.7
Avg Household Size
34
Median Age
24%
College-Educated
82%
High-School Grad
41.4 sq mi
ZIP Area
1,017
Density / Sq Mi
$96,093
Median Household Income
$50,248
Median Earnings
$1,381
Median Rent
$261,200
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
Similar Off Market Nearby
- Koda’s detailing — 24704 TX-494 Loop, Porter, TX 77365
Frequently Asked Questions
What type of property is this?
Flex space - Recently renovated warehouse on a fenced lot with front office and showroom, new exterior, LED lighting, and epoxy floors.
Where is this flex space located?
The property is located at 21410 West Hammond Drive Porter, TX.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 1.76‑acre fenced lot with a recently renovated industrial warehouse building; New metal exterior, fresh insulation, and LED lighting throughout the warehouse; Epoxy floors for durable interior flooring
