Unfinished Automotive
4010 Swingle Rd, Houston, TX 77047
For Sale
New
$649,000
An unfinished warehouse has work underway for an automotive business, with permits available for assumption.
Property Size2,460 SF
Days on Market2
Property Features for 4010 Swingle Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Real Estate Included
Property Use
Building Details
Building Size
Buildings
Listing Agency:
Coldwell Banker Universal
Listed By:
Lana Nimri · License TX #792356
Source:
Commercialcafe
Added: Nov 8
Last Checked: Oct 7 at 8:48AM
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 Coldwell Banker Universal
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 unfinished warehouse is being prepared for automotive use. Work has started on the project, and the next owner can take over the permits and complete the remaining improvements. The space remains unfinished, allowing the project to proceed from its current stage.
Key Highlights
- Unfinished warehouse with construction work already started
- Project is intended for an automotive business
- Permits may be assumed by the next owner
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,357
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,140
$667.1K
Cap Rate 7%
$476,529
$476.5K
Cap Rate 9%
$370,633
$370.6K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$50.5K $20.52/SF
− Vacancy
−$2.8K −$1.15/SF
EGI
$47.7K $19.37/SF
− OpEx
−$14.3K −$5.81/SF
NOI
$33.4K $13.56/SF
Area
Houston, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$667,140
Cap Rate 7%
$476,529
Cap Rate 9%
$370,633
Alternative Uses
Best Use
Retail
$476.5K
$417.0K – $556.0K
NOI $33,357 @ 7.0% cap · market cap 5.14%
Second Best
Warehouse
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$632.6K
$553.5K – $738.0K
NOI $44,280 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77047, TX
32,088
Population
13,288
Households
2.4
Avg Household Size
34
Median Age
37%
College-Educated
89%
High-School Grad
13.8 sq mi
ZIP Area
2,325
Density / Sq Mi
$73,947
Median Household Income
$44,732
Median Earnings
$1,719
Median Rent
$224,200
Median Home Value
Market
Properties on Market for Auto shops in Houston
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Auto shop - An unfinished warehouse has work underway for an automotive business, with permits available for assumption.
Where is this auto shop located?
The property is located at 4010 Swingle Rd Houston, TX.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Unfinished warehouse with construction work already started; Project is intended for an automotive business; Permits may be assumed by the next owner
