Flex Space with Grade-Level
For Sale
Contact for pricing
4901 Milwee Street, Houston, TX 77092
Multi-tenant suites pair warehouse areas with finished office space and dedicated loading access.
Property Size40,605 SF
Days on Market10
Property Features for 4901 Milwee Street
General Information
Standard status
Active
Size
40,605 SF
Property subtype
Industrial
Lease Term
NNN
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
10 ft
Conditioned Warehouse
Yes
Building Details
Building Size
40,605 SF
Year Built
1980
Tenancy
Multi
Properties For Sale
at 4901 Milwee Street Contact usSuite 106
Size
3,600 SF
Type
Warehouse/Distribution
Term
Negotiable
Suite 107
Size
2,400 SF
Type
Warehouse/Distribution
Term
Negotiable
Suite 204
Size
2,000 SF
Type
Flex Space
Term
Negotiable
Suite 209
Size
2,500 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
Moody Rambin
Listed By:
Joel Dalak
(832) 326-1992
Source:
Moodyrambin
Added: Oct 9
Changed: Oct 16
Last Checked: Oct 16 at 6:47AM
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 Moody Rambin
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Investment Insights
Based on property information with market context.
Built in 1980, this Houston flex property is arranged as a multi-tenant business park with warehouse and office suites. Warehouse areas have grade-level doors, HVAC, and 10-foot clear height; office areas feature finished interiors. The site also includes security lighting, concrete paving, and a perimeter fence with a security gate.
Located at 4901 Milwee Street, the property offers access to Highway 290. Parking is available on site.
Located at 4901 Milwee Street, the property offers access to Highway 290. Parking is available on site.
Key Highlights
- 10‑foot clear height in warehouse areas
- Grade‑level warehouse doors
- Warehouse areas equipped with HVAC
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,951
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,579,020
$4.6M
Cap Rate 7%
$3,270,729
$3.3M
Cap Rate 9%
$2,543,900
$2.5M
Market Conditions
NOI Build-Up for 40,605 SF
Gross rent
$365.4K $9.00/SF
− Vacancy
−$38.4K −$0.95/SF
EGI
$327.1K $8.06/SF
− OpEx
−$98.1K −$2.42/SF
NOI
$229.0K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,579,020
Cap Rate 7%
$3,270,729
Cap Rate 9%
$2,543,900
Alternative Uses
Best Use
Flex RnD
$6.04M
$5.29M – $7.05M
NOI $422,820 @ 7.0% cap · market cap 3,523,500.00%
Second Best
Warehouse
$4.27M
$3.74M – $4.98M
NOI $298,866 @ 7.0% cap · market cap 2,490,550.00%
Theoretical Best
Office A
$10.44M
$9.14M – $12.18M
NOI $730,890 @ 7.0% cap · market cap 6,090,750.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
10 ft
Clear height
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,793
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77092, TX
34,903
Population
16,158
Households
2.2
Avg Household Size
34
Median Age
27%
College-Educated
75%
High-School Grad
8.1 sq mi
ZIP Area
4,309
Density / Sq Mi
$56,741
Median Household Income
$34,895
Median Earnings
$1,228
Median Rent
$222,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Luby's — 11250 Northwest Fwy, Houston, TX 77092
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant suites pair warehouse areas with finished office space and dedicated loading access.
Where is this flex space located?
The property is located at 4901 Milwee Street Houston, TX.
What are key features of this property?
This property features: 10‑foot clear height in warehouse areas; Grade‑level warehouse doors; Warehouse areas equipped with HVAC
