Flex Warehouse with
For Sale
Contact for pricing
3419 Trailmobile Drive, Houston, TX 77013
A flex setup with office space, a metal warehouse, and fully fenced yard for combined indoor and outdoor storage.
Property Size3,420 SF
Lot Size0.53 Acres
Price / SF$182.75
Days on Market103
Property Features for 3419 Trailmobile Drive
General Information
Standard status
Active
Size
3,420 SF
Class
C
Lot size
0.53 Acres
Property subtype
Office, Industrial, Mixed Use
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Drive-In Doors
2
Building Details
Year Built
1978
Buildings
2
Listing Agency:
Davis Commercial a Real Estate Company
Listed By:
Lisa Rimkus · License #TX 727915
Source:
Crexi
Added: May 27
Changed: Aug 31
Last Checked: Sep 2 at 9:03AM
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 Davis Commercial a Real Estate Company
Investment Insights
Based on property information with market context.
This versatile flex property is configured with 1,920 SF of office space and 1,500 SF of metal warehouse, totaling 3,420 SF under roof. The site includes 23,117 SF of fully fenced land, supporting practical outdoor storage alongside the enclosed warehouse area. Operational features include two 12’ x 12’ overhead doors and 240V/200 amp power, with city utilities available. Ample parking is included to support tenant and customer access.
The property is located at 3419 Trailmobile Drive in Houston, TX 77013. The fully fenced grounds provide controlled storage and staging, which can be helpful for businesses needing separation between vehicles, equipment, and day-to-day workflow.
For owner-users, this layout can serve as a single-site base for office operations with warehouse storage and a dedicated outdoor area for equipment or materials. The combination of overhead-door access, existing office space, and fenced yard functionality makes the property well-suited to companies looking to consolidate administrative and warehousing needs in one efficient footprint.
The property is located at 3419 Trailmobile Drive in Houston, TX 77013. The fully fenced grounds provide controlled storage and staging, which can be helpful for businesses needing separation between vehicles, equipment, and day-to-day workflow.
For owner-users, this layout can serve as a single-site base for office operations with warehouse storage and a dedicated outdoor area for equipment or materials. The combination of overhead-door access, existing office space, and fenced yard functionality makes the property well-suited to companies looking to consolidate administrative and warehousing needs in one efficient footprint.
Key Highlights
- 3,420 SF flex property with 1,920 SF office and 1,500 SF metal warehouse
- 23,117 SF fully fenced lot with space for indoor and outdoor storage
- Two 12' x 12' overhead doors providing warehouse access
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
$39,891
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
6.38%
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%
$797,820
$797.8K
Cap Rate 7%
$569,871
$569.9K
Cap Rate 9%
$443,233
$443.2K
Market Conditions
NOI Build-Up for 3,420 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
$73.9K $21.60/SF
− Vacancy
−$20.7K −$6.05/SF
EGI
$53.2K $15.55/SF
− OpEx
−$13.3K −$3.89/SF
NOI
$39.9K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$797,820
Cap Rate 7%
$569,871
Cap Rate 9%
$443,233
Alternative Uses
Best Use
Office B
$569.9K
$498.6K – $664.9K
NOI $39,891 @ 7.0% cap · market cap 6.38%
Second Best
Flex RnD
$508.7K
$445.2K – $593.5K
NOI $35,612 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$879.4K
$769.5K – $1.03M
NOI $61,560 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77013, TX
16,815
Population
6,839
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
66%
High-School Grad
9.5 sq mi
ZIP Area
1,770
Density / Sq Mi
$44,530
Median Household Income
$30,299
Median Earnings
$1,136
Median Rent
$162,600
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A flex setup with office space, a metal warehouse, and fully fenced yard for combined indoor and outdoor storage.
Where is this flex space located?
The property is located at 3419 Trailmobile Drive Houston, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,420 SF flex property with 1,920 SF office and 1,500 SF metal warehouse; 23,117 SF fully fenced lot with space for indoor and outdoor storage; Two 12' x 12' overhead doors providing warehouse access
