Single-Story Industrial
For Sale
Contact for pricing
501 E Parker Rd, Houston, TX 77076
Metal industrial building with drive-in access, substantial ceiling clearance, and an apartment in the end building.
Property Size9,295 SF
Price / SF$102.21
Days on Market120
Property Features for 501 E Parker Rd
General Information
Standard status
Active
Size
9,295 SF
Class
C
Property subtype
Industrial
Zoning
Fenced Lot Signage
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1974
Buildings
3
Stories
1
Tenancy
Single
Listing Agency:
Houston Realty Advisors, Inc.
(713) 782-0260
Listed By:
Ed Ayres · License #TX 316067
Source:
Crexi
Added: May 6
Changed: Sep 2
Last Checked: Sep 1 at 2:37AM
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.
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,414
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,368,280
$1.4M
Cap Rate 7%
$977,343
$977.3K
Cap Rate 9%
$760,156
$760.2K
Market Conditions
NOI Build-Up for 9,295 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $68,414 @ 7.0% cap · market cap 7.20%
Second Best
Industrial
$748.7K
$655.1K – $873.5K
NOI $52,410 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,310 @ 7.0% cap · market cap 17.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- U Storage USA — 215 E Hamilton St, Houston, TX 77076
- Curio Storage Northside Houston — 215 E Hamilton St, Houston, TX 77076
- WEST DISTRIBUTION CENTER — 6109 W Montgomery Rd, Houston, TX 77091
- Safe-Keeping Self Storage - Parker Rd — 430 W Parker Rd, Houston, TX 77091
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
