Refrigerated Food Distribution
2818 FAY ST, Houston, TX 77023
For Sale
Contact for pricing
Includes cold-storage facilities, a commercial kitchen, dedicated shipping space, and truck loading access.
Property Size15,463 SF
Lot Size0.69 Acres
Price / SF$103.47
Days on Market60
Property Features for 2818 FAY ST
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Warehouse Space
Office Build-Out
Cold Storage
Listing Agency:
Carlos Garcia Realty
(713) 924-9100
Listed By:
Bill Garcia · License #174458
(281) 235-9904
Source:
Moodyscre
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 6 at 8:41AM
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 Carlos Garcia Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This food distribution property combines a 14,520 SF warehouse with a 650 SF office on a 30,000 SF lot. The facility includes a walk-in cooler, walk-in freezer, kitchen with a grease trap, and a separated shipping area equipped with double truck wells.
The property is located at 2818 Fay St in Houston, within one mile of the University of Houston. Access to Hwy 35 and the Gulf Freeway, I-45 South, is available via Old Spanish Trail, supporting connectivity across the city. An additional 15,000 SF lot on Lidstone St. is also offered separately.
The property is located at 2818 Fay St in Houston, within one mile of the University of Houston. Access to Hwy 35 and the Gulf Freeway, I-45 South, is available via Old Spanish Trail, supporting connectivity across the city. An additional 15,000 SF lot on Lidstone St. is also offered separately.
Key Highlights
- 14,520 SF warehouse with 650 SF office
- Walk‑in cooler and walk‑in freezer
- Kitchen includes a grease trap
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,813
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,276,260
$2.3M
Cap Rate 7%
$1,625,900
$1.6M
Cap Rate 9%
$1,264,589
$1.3M
Market Conditions
NOI Build-Up for 15,463 SF
Gross rent
$148.4K $9.60/SF
− Vacancy
−$14.5K −$0.94/SF
EGI
$133.9K $8.66/SF
− OpEx
−$20.1K −$1.30/SF
NOI
$113.8K $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 Rate 5%
$2,276,260
Cap Rate 7%
$1,625,900
Cap Rate 9%
$1,264,589
Alternative Uses
Best Use
Warehouse
$1.63M
$1.42M – $1.90M
NOI $113,813 @ 7.0% cap · market cap 7.11%
Second Best
Industrial
$1.25M
$1.09M – $1.45M
NOI $87,188 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office A
$3.98M
$3.48M – $4.64M
NOI $278,334 @ 7.0% cap · market cap 17.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
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
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Includes cold-storage facilities, a commercial kitchen, dedicated shipping space, and truck loading access.
Where is this refrigerated & cold storage located?
The property is located at 2818 FAY ST Houston, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 14,520 SF warehouse with 650 SF office; Walk‑in cooler and walk‑in freezer; Kitchen includes a grease trap
