Flex Industrial Warehouse
For Sale
Contact for pricing
2619 Preston Avenue, Pasadena, TX 77503
Flex/industrial property for sale with approximately 3,180 SF, suited for storage, contractor use, or other special-purpose applications.
Property Size3,180 SF
Price / SF$220.13
Days on Market66
Property Features for 2619 Preston Avenue
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1969
Stories
1
Units
1
Listing Agency:
Keller Williams Summit
Listed By:
Florencio Villalpando · License #0488752
(210) 204-1966
Source:
Crexi
Added: Jul 2
Changed: Sep 4
Last Checked: Sep 4 at 7:34AM
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 Keller Williams Summit
Investment Insights
Based on property information with market context.
This for-sale commercial property at 2619 Preston Avenue in Pasadena, Texas offers approximately 3,180 SF of flex/industrial space, suitable for a variety of owner-user or investment applications. The seller notes functional use potential for storage, contractor operations, service-related business use, or other special-purpose uses, with any future redevelopment subject to buyer verification and local requirements.
The property is positioned in a Pasadena setting with proximity to surrounding commercial, industrial, and service-based businesses. This makes it a practical option for buyers looking for a smaller-scale site with flexible operational considerations.
The offering is presented as a versatile, small-format commercial asset within the greater Houston-area market. Any intended use should be confirmed with local requirements and appropriate approvals.
The property is positioned in a Pasadena setting with proximity to surrounding commercial, industrial, and service-based businesses. This makes it a practical option for buyers looking for a smaller-scale site with flexible operational considerations.
The offering is presented as a versatile, small-format commercial asset within the greater Houston-area market. Any intended use should be confirmed with local requirements and appropriate approvals.
Key Highlights
- Commercial flex/industrial property at 2619 Preston Rd in Pasadena, TX
- Approximately 3,180 SF building with Year Built 1969
- Flexible use options including industrial, land, self‑storage, or special purpose use (subject to buyer verification)
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
$42,965
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
6.14%
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%
$859,300
$859.3K
Cap Rate 7%
$613,786
$613.8K
Cap Rate 9%
$477,389
$477.4K
Market Conditions
NOI Build-Up for 3,180 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
$56.5K $17.76/SF
− Vacancy
−$5.9K −$1.86/SF
EGI
$50.5K $15.90/SF
− OpEx
−$7.6K −$2.38/SF
NOI
$43.0K $13.51/SF
Area
Pasadena, TX
Vacancy
10.50%
Lease Rate
$17.76 /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%
$859,300
Cap Rate 7%
$613,786
Cap Rate 9%
$477,389
Alternative Uses
Best Use
Warehouse
$613.8K
$537.1K – $716.1K
NOI $42,965 @ 7.0% cap · market cap 6.14%
Second Best
Industrial
$505.5K
$442.3K – $589.7K
NOI $35,383 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$1.05M
$918.3K – $1.22M
NOI $73,461 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77503, TX
24,956
Population
8,980
Households
2.8
Avg Household Size
33
Median Age
10%
College-Educated
70%
High-School Grad
6.3 sq mi
ZIP Area
3,961
Density / Sq Mi
$64,977
Median Household Income
$37,015
Median Earnings
$1,211
Median Rent
$165,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/industrial property for sale with approximately 3,180 SF, suited for storage, contractor use, or other special-purpose applications.
Where is this flex space located?
The property is located at 2619 Preston Avenue Pasadena, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Commercial flex/industrial property at 2619 Preston Rd in Pasadena, TX; Approximately 3,180 SF building with Year Built 1969; Flexible use options including industrial, land, self‑storage, or special purpose use (subject to buyer verification)
