Flex Space with Multiple Loading
4319 Telephone Road, Houston, TX 77087
For Sale
Contact for pricing
A freestanding, single-tenant facility combines warehouse space with recently upgraded offices.
Property Size28,648 SF
Price / SF$143.12
Days on Market10
Property Features for 4319 Telephone Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Finial Group
Listed By:
Jason Gibbons · License TX #686668
(713) 422-2087
Source:
Crexi
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 12 at 7:55AM
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 Finial Group
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Investment Insights
Based on property information with market context.
This freestanding flex property contains 28,648 square feet configured for industrial office and warehouse use. The single-tenant building has recently upgraded office space and loading access at dock-high, grade-level, and semi-dock positions. A mezzanine adds space beyond the stated rentable area.
Telephone Road frontage places the property along a corridor in Southeast Houston. I-45, I-610, and US-90 are accessible from the site, connecting the property with three major regional distribution routes.
Telephone Road frontage places the property along a corridor in Southeast Houston. I-45, I-610, and US-90 are accessible from the site, connecting the property with three major regional distribution routes.
Key Highlights
- 28,648‑square‑foot single‑tenant flex facility
- Loading includes dock‑high, grade‑level, and semi‑dock access
- Mezzanine space is additional to the stated rentable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,312
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,966,240
$6.0M
Cap Rate 7%
$4,261,600
$4.3M
Cap Rate 9%
$3,314,578
$3.3M
Market Conditions
NOI Build-Up for 28,648 SF
Gross rent
$515.7K $18.00/SF
− Vacancy
−$56.7K −$1.98/SF
EGI
$458.9K $16.02/SF
− OpEx
−$160.6K −$5.61/SF
NOI
$298.3K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,966,240
Cap Rate 7%
$4,261,600
Cap Rate 9%
$3,314,578
Alternative Uses
Best Use
Flex RnD
$4.26M
$3.73M – $4.97M
NOI $298,312 @ 7.0% cap · market cap 7.28%
Second Best
Warehouse
$3.01M
$2.64M – $3.51M
NOI $210,858 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$7.37M
$6.45M – $8.59M
NOI $515,664 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77087, TX
34,654
Population
12,400
Households
2.8
Avg Household Size
35
Median Age
12%
College-Educated
63%
High-School Grad
6.6 sq mi
ZIP Area
5,251
Density / Sq Mi
$53,624
Median Household Income
$32,927
Median Earnings
$1,015
Median Rent
$148,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Houston
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Ursula's Jerk Chicken — 7115 Linden St, Houston, TX 77087
Frequently Asked Questions
What type of property is this?
Flex space - A freestanding, single-tenant facility combines warehouse space with recently upgraded offices.
Where is this flex space located?
The property is located at 4319 Telephone Road Houston, TX.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 28,648‑square‑foot single‑tenant flex facility; Loading includes dock‑high, grade‑level, and semi‑dock access; Mezzanine space is additional to the stated rentable area
