Flex Building with Outside
For Sale
Contact for pricing
5719 Armour Drive, Houston, TX 77020
Industrial flex property with office, assembly, and exterior storage areas.
Property Size10,745 SF
Lot Size0.86 Acres
Price / SF$93.07
Days on Market99
Property Features for 5719 Armour Drive
General Information
Standard status
Active
Size
10,745 SF
Lot size
0.86 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
11.5 ft
Office Build-Out
2,700 SF
Drive-In Doors
6
Voltage
240 V
Three-Phase Power
Yes
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
1
Stories
2
Building Size
10,745 SF
Listing Agency:
Hunington Properties
Listed By:
Ryan DeGennaro · License #TX 9004042
(713) 316-7059
Source:
Crexi
Added: Jul 8
Changed: Oct 8
Last Checked: Oct 12 at 9:04PM
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 Hunington Properties
Investment Insights
Based on property information with market context.
This flex property at 5719 Armour Drive includes 10,745 SF of building area, with approximately 2,700 SF allocated to offices and an approximately 950 SF air-conditioned assembly area. The building provides 11.5' clear height, six grade-level doors, and 240 volt, 3 phase power for industrial operations. Exterior storage is also part of the property configuration.
The site encompasses 0.8634 acres in Houston, TX 77020. Flood risk is identified outside the 100/500-year areas, providing an additional site consideration for users evaluating the property.
The site encompasses 0.8634 acres in Houston, TX 77020. Flood risk is identified outside the 100/500-year areas, providing an additional site consideration for users evaluating the property.
Key Highlights
- 10,745 SF flex building on 0.8634 acres
- Approximately 2,700 SF of office space
- Approximately 950 SF air‑conditioned assembly area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,087
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,581,740
$1.6M
Cap Rate 7%
$1,129,814
$1.1M
Cap Rate 9%
$878,744
$878.7K
Market Conditions
NOI Build-Up for 10,745 SF
Gross rent
$103.2K $9.60/SF
− Vacancy
−$10.1K −$0.94/SF
EGI
$93.0K $8.66/SF
− OpEx
−$14.0K −$1.30/SF
NOI
$79.1K $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%
$1,581,740
Cap Rate 7%
$1,129,814
Cap Rate 9%
$878,744
Alternative Uses
Best Use
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,888 @ 7.0% cap · market cap 11.19%
Second Best
Warehouse
$1.13M
$988.6K – $1.32M
NOI $79,087 @ 7.0% cap · market cap 7.91%
Theoretical Best
Office A
$2.76M
$2.42M – $3.22M
NOI $193,410 @ 7.0% cap · market cap 19.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
11 ft
Clear height
6
Drive-in doors
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77020, TX
24,846
Population
10,054
Households
2.5
Avg Household Size
35
Median Age
13%
College-Educated
65%
High-School Grad
7.8 sq mi
ZIP Area
3,185
Density / Sq Mi
$49,481
Median Household Income
$32,573
Median Earnings
$942
Median Rent
$133,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex property with office, assembly, and exterior storage areas.
Where is this flex space located?
The property is located at 5719 Armour Drive Houston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 10,745 SF flex building on 0.8634 acres; Approximately 2,700 SF of office space; Approximately 950 SF air‑conditioned assembly area
