Building Details

Year Built 1974

Buildings 3

Stories 1

Tenancy Single

Listing Agency: Houston Realty Advisors, Inc.

Listed By: Ed Ayres · License #TX 316067 Show Phone

Source: Crexi

Added: May 6 Changed: Oct 3 Last Checked: Oct 16 at 9:43AM

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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 Houston Realty Advisors, Inc.

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Investment Insights

Based on property information with market context.

Located at 501 E Parker Rd in Houston, this industrial warehouse contains 9,295 SF within a single-story metal building constructed in 1974. The Class C property includes three drive-in doors measuring 12' wide by 12' high, along with 16' ceiling height. An apartment is located in the end building, adding a distinct component to the improvements.

The property occupies 0.14 acres and has a building FAR of 1.54. It is part of a three-property portfolio in Houston’s North Outer Loop submarket and is currently occupied by ABC Plastic Molding Inc.

Key Highlights

• 9,295 SF industrial warehouse on 0.14 acres
• Three drive‑in doors, each measuring 12' w x 12' h
• 16' ceiling height supports industrial operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,414

Cap Rate

7.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,368,280 $1.4M

Cap Rate 7%

$977,343 $977.3K

Cap Rate 9%

$760,156 $760.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,295 SF

Gross rent

$89.2K $9.60/SF

− Vacancy

−$8.7K −$0.94/SF

EGI

$80.5K $8.66/SF

− OpEx

−$12.1K −$1.30/SF

NOI

$68.4K $7.36/SF

Area

Houston, TX

Vacancy

9.80%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,368,280

Cap Rate 7%

$977,343

Cap Rate 9%

$760,156

Alternative Uses

Best Use

Warehouse

$977.3K

$855.2K – $1.14M (±1% cap)

NOI $68,414 @ 7.0% cap · market cap 7.20%

Second Best

Industrial

$748.7K

$655.1K – $873.5K (±1% cap)

NOI $52,410 @ 7.0% cap · market cap 5.52%

Theoretical Best

Office A

$2.39M

$2.09M – $2.79M (±1% cap)

NOI $167,310 @ 7.0% cap · market cap 17.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Morrell Masonry Supply ... Big Box & Wholesale Store ABC Plastic Molding ... Factory

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Daycare Center Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

792

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 77076, TX

32,349

Population

10,650

Households

3

Avg Household Size

31

Median Age

6%

College-Educated

55%

High-School Grad

4.7 sq mi

ZIP Area

6,883

Density / Sq Mi

$39,895

Median Household Income

$26,809

Median Earnings

$1,151

Median Rent

$147,700

Median Home Value

Market

Vacancy Rate% for Industrial in Houston, TX

9.4% 2019

10.7% 2020

7.2% 2021

5.2% 2022

6.8% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Warehouse - Metal industrial building with drive-in access, substantial ceiling clearance, and an apartment in the end building.

Where is this warehouse located?

The property is located at 501 E Parker Rd Houston, TX.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 9,295 SF industrial warehouse on 0.14 acres; Three drive‑in doors, each measuring 12' w x 12' h; 16' ceiling height supports industrial operations