Tomball Warehouse on 5
For Sale
$1,450,000
27930 Calvert Road, Tomball, TX 77377
8,000 SF warehouse on 5.08 acres in Tomball, Texas.
Property Size8,000 SF
Lot Size5.08 Acres
Price / SF$181.25
Days on Market153
Property Features for 27930 Calvert Road
General Information
Standard status
Active
Size
8,000 SF
Lot size
5.08 Acres
Property subtype
Lots
Taxes and HOA fees
Annual Taxes
$688
Listing Agency:
Titan Commercial
(713) 806-3451
Listed By:
Peyton Easley · License #633342
(713) 806-3451
Source:
Nancyalmodovar
Added: Mar 27
Changed: Aug 23
Last Checked: Aug 25 at 12:13PM
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 Titan Commercial
Investment Insights
Based on property information with market context.
This property features an 8,000 square foot warehouse constructed in 1982, situated on 5.08 acres. The warehouse has an eave height of 10 to 15 feet and includes three 10x10 grade-level doors, along with one 12x12 door. Electrical service is provided via a 3-phase, 480-volt system with 800 amps.
Key Highlights
- 5.08 acre lot
- 8,000 SF warehouse
- Benefit from a 3‑Phase, 480 Volt, 800 Amp Electrical Service
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
$83,297
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
5.74%
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%
$1,665,940
$1.7M
Cap Rate 7%
$1,189,957
$1.2M
Cap Rate 9%
$925,522
$925.5K
Market Conditions
NOI Build-Up for 8,000 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
$105.6K $13.20/SF
− Vacancy
−$7.6K −$0.95/SF
EGI
$98.0K $12.25/SF
− OpEx
−$14.7K −$1.84/SF
NOI
$83.3K $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 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%
$1,665,940
Cap Rate 7%
$1,189,957
Cap Rate 9%
$925,522
Alternative Uses
Best Use
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,297 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$980.0K
$857.5K – $1.14M
NOI $68,598 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,909 @ 7.0% cap · market cap 10.55%
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 - 8,000 SF warehouse on 5.08 acres in Tomball, Texas.
Where is this warehouse located?
The property is located at 27930 Calvert Road Tomball, TX.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 5.08 acre lot; 8,000 SF warehouse; Benefit from a **3‑Phase, 480 Volt, 800 Amp Electrical Service**
