Industrial Facility on Commercial
For Sale
$2,000,000
3807 Pinemont Drive, Houston, TX 77018
Commercial property with warehouse space, city water, and sewer access.
Property Size20,260 SF
Lot Size1.89 Acres
Price / SF$98.72
Days on Market654
Property Features for 3807 Pinemont Drive
General Information
Standard status
Active
Size
20,260 SF
Lot size
1.89 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
R GROUP REALTORS
(281) 890-0400
Listed By:
JOE MARK ROBINSON
Source:
Corcoran
Added: Oct 16, 2024
Changed: Jul 6
Last Checked: Jul 30 at 8:05AM
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 R GROUP REALTORS
Investment Insights
Based on property information with market context.
This commercial property offers approximately 82,492 square feet or 1.894 acres. It includes about 20,260 square feet of warehouse space currently used as an industrial facility and fabrication shop. The property is equipped with 600 amp service 240/120 3 phase 4 wire with a 208 high leg. Overhead doors measure 12X14. The property has current access to city water and sewer. It is located in Houston, TX. The property could be used for townhome development.
Key Highlights
- City Water and Sewer Access: A rare find!
- Large Commercial Property: Approximately 1.894 acres offering endless opportunities.
- Substantial Warehouse Space: Includes about 20,260 sq ft of existing warehouse space.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.5k | $9.60 |
| − Vacancy | −$19.1k | −$0.94 |
| EGI | $175.4k | $8.66 |
| − OpEx | −$26.3k | −$1.30 |
| NOI | $149.1k | $7.36 |
20,260 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.13M
$1.86M – $2.49M
NOI $149,120 @ 7.0% cap · market cap 7.46%
Second Best
Industrial
$1.63M
$1.43M – $1.90M
NOI $114,236 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$5.21M
$4.56M – $6.08M
NOI $364,680 @ 7.0% cap · market cap 18.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77018, TX
27,870
Population
13,335
Households
2.1
Avg Household Size
38
Median Age
60%
College-Educated
92%
High-School Grad
6.8 sq mi
ZIP Area
4,099
Density / Sq Mi
$121,658
Median Household Income
$75,487
Median Earnings
$1,256
Median Rent
$543,800
Median Home Value
Market
Properties on Market for Warehouses in Houston
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Happy Self Storage — 1850 W 43rd St, Houston, TX 77018
- Pinemont Auto Storage — 3810 Pinemont Dr, Houston, TX 77018
- PMP CREATIONS SELF STORAGE — 4230 Creekmont Dr, Houston, TX 77091
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property with warehouse space, city water, and sewer access.
Where is this warehouse located?
The property is located at 3807 Pinemont Drive Houston, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: City Water and Sewer Access: A rare find!; Large Commercial Property: Approximately 1.894 acres offering endless opportunities.; Substantial Warehouse Space: Includes about 20,260 sq ft of existing warehouse space.
