Tomball Warehouse with Office
For Sale
Contact for pricing
27703 Calvert Rd, Tomball, TX 77377
Large warehouse with office and additional storage near major highways.
Property Size17,472 SF
Price / SF$100.16
Days on Market297
Property Features for 27703 Calvert Rd
General Information
Standard status
Active
Size
17,472 SF
Class
C
Property subtype
Industrial
Zoning
NZ
Building Details
Year Built
1985
Listing Agency:
Wyatt Real Estate LLC
(409) 945-4424
Listed By:
Warren Reed · License #TX 477589
Source:
Crexi
Added: Oct 30, 2025
Changed: Aug 8
Last Checked: Aug 3 at 6:30AM
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 Wyatt Real Estate LLC
Investment Insights
Based on property information with market context.
This property features a large warehouse with office space, situated in a location that offers convenient access to Beltway 8, Highway 249, and US Highway 290. The main warehouse and office area encompass 16,000 square feet. An additional, smaller warehouse located at the rear of the property provides 1,472 square feet of space, primarily intended for parts storage. The main building includes five offices, a restroom, and a break room. The warehouse is equipped with four large, extra-wide garage doors and overhead LED lighting. Storage space is available above the office area. A security cage is installed within the warehouse for the secure storage of valuable items. The total property size is 17,472 square feet.
Key Highlights
- Large 16,000 sf main warehouse/office space.
- Convenient location close to Beltway 8, Highway 249, and US Highway 290.
- Includes a smaller 1472 sf warehouse for parts storage.
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
$149,818
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
8.56%
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%
$2,996,360
$3.0M
Cap Rate 7%
$2,140,257
$2.1M
Cap Rate 9%
$1,664,644
$1.7M
Market Conditions
NOI Build-Up for 17,472 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
$230.6K $13.20/SF
− Vacancy
−$16.6K −$0.95/SF
EGI
$214.0K $12.25/SF
− OpEx
−$64.2K −$3.67/SF
NOI
$149.8K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,996,360
Cap Rate 7%
$2,140,257
Cap Rate 9%
$1,664,644
Alternative Uses
Best Use
Warehouse
$2.60M
$2.27M – $3.03M
NOI $181,921 @ 7.0% cap · market cap 10.40%
Second Best
Industrial
$2.14M
$1.87M – $2.50M
NOI $149,818 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$4.77M
$4.17M – $5.57M
NOI $333,953 @ 7.0% cap · market cap 19.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77377, TX
39,711
Population
13,625
Households
2.9
Avg Household Size
37
Median Age
46%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
1,128
Density / Sq Mi
$123,015
Median Household Income
$66,548
Median Earnings
$1,676
Median Rent
$352,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Large warehouse with office and additional storage near major highways.
Where is this warehouse located?
The property is located at 27703 Calvert Rd Tomball, TX.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Large 16,000 sf main warehouse/office space.; Convenient location close to Beltway 8, Highway 249, and US Highway 290.; Includes a smaller 1472 sf warehouse for parts storage.
