Houston Industrial/Showroom Investment
For Sale
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5809 Green Ash Dr, Houston, TX 77081
10,000 SF industrial/showroom property in a dynamic Houston submarket.
Property Size10,000 SF
Price / SF$155
Days on Market230
Property Features for 5809 Green Ash Dr
General Information
Standard status
Active
Size
10,000 SF
Class
B
Property subtype
Industrial, Mixed Use
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1976
Year Renovated
2010
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Texas Top Realty
Listed By:
Patrick Bilnoski · License #TX 566927
Source:
Crexi
Added: Feb 18
Changed: Oct 6
Last Checked: Oct 5 at 7:04PM
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 Texas Top Realty
Investment Insights
Based on property information with market context.
This is an exclusive listing of a 10,000 square foot, fully stabilized industrial/showroom property. It is located in a dynamic and accessible Houston submarket. Anchored by a high-end luxury tenant and situated in a trending corridor with rapid connectivity to major business hubs, this asset is a turn-key purchase for any investor looking for reliability and growth. The property offers the security of a bond with the upside of Houston real estate. It is suitable for seasoned investors adding to a portfolio or a first-time buyer looking for a safe, income-generating asset.
Key Highlights
- Fully stabilized 10,000 sq ft industrial/showroom property.
- Located in a dynamic and accessible Houston submarket.
- Anchored by a high‑end luxury tenant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,130
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,082,600
$2.1M
Cap Rate 7%
$1,487,571
$1.5M
Cap Rate 9%
$1,157,000
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$180.0K $18.00/SF
− Vacancy
−$19.8K −$1.98/SF
EGI
$160.2K $16.02/SF
− OpEx
−$56.1K −$5.61/SF
NOI
$104.1K $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%
$2,082,600
Cap Rate 7%
$1,487,571
Cap Rate 9%
$1,157,000
Alternative Uses
Best Use
Flex RnD
$1.49M
$1.30M – $1.74M
NOI $104,130 @ 7.0% cap · market cap 6.72%
Second Best
Industrial
$805.5K
$704.8K – $939.8K
NOI $56,385 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,000 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,064
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77081, TX
48,293
Population
21,245
Households
2.3
Avg Household Size
30
Median Age
19%
College-Educated
55%
High-School Grad
3.3 sq mi
ZIP Area
14,634
Density / Sq Mi
$42,228
Median Household Income
$27,982
Median Earnings
$990
Median Rent
$245,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
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Similar Off Market Nearby
- Parma Fine Catering Service — 6606 De Moss Dr, Houston, TX 77074
- The Simply Fresh Kitchen — 5909 Glenmont Dr, Houston, TX 77081
- Java Pura Coffee Roasters — 5250 Gulfton St suite 4-g, Houston, TX 77081
Frequently Asked Questions
What type of property is this?
Flex space - 10,000 SF industrial/showroom property in a dynamic Houston submarket.
Where is this flex space located?
The property is located at 5809 Green Ash Dr Houston, TX.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully stabilized 10,000 sq ft industrial/showroom property.; Located in a dynamic and accessible Houston submarket.; Anchored by a high‑end luxury tenant.
