Updated Warehouse and
6229 Dixie Drive Houston, TX 77087
6229 Dixie Drive, Houston, TX, 77087
$495,000
For Sale
$495,000
Updated warehouse on a development-oriented lot, offering an established building for industrial uses in Houston.
Property Size4,740 SF
Price / SF$104.43
Days on Market659
Property Features for 6229 Dixie Drive
General Information
- Standard status
- Active
- Size
- 4,740 SF
- Property subtype
- Land or Vacant Lot
Listing Agency
TROTWOOD REALTY
(713) 222-7400
Listed by
SHAWN BAKSH · License #583879
Source
Corcoran
Added: Sep 28, 2024 Checked: Jul 17 at 3:50 am
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 TROTWOOD REALTY
Investment Insights
Based on property information with market context.
This offering includes a lot with an updated warehouse building. The building is identified as having 4,740 square feet, giving buyers an existing structure for a range of industrial and storage-oriented uses.
The property is located at 6229 Dixie Drive in Houston, TX 77087. In the seller’s remarks, the area is described as having substantial ongoing development, including new development referenced across the street.
For buyers looking for an industrial land-and-building combination, the existing, updated warehouse provides a starting point for occupancy or redevelopment while retaining the flexibility that comes with owning the associated lot. Prospective tenants and purchasers should verify intended use and site requirements directly, as specific zoning and site details are not provided in the materials.
The property is located at 6229 Dixie Drive in Houston, TX 77087. In the seller’s remarks, the area is described as having substantial ongoing development, including new development referenced across the street.
For buyers looking for an industrial land-and-building combination, the existing, updated warehouse provides a starting point for occupancy or redevelopment while retaining the flexibility that comes with owning the associated lot. Prospective tenants and purchasers should verify intended use and site requirements directly, as specific zoning and site details are not provided in the materials.
Key Highlights
- Updated warehouse building totaling 4,740 sq ft
- Warehouse sits on a lot positioned for industrial/trade use
- Property is located across the street from major ongoing development
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $9.60 |
| − Vacancy | −$4.5k | −$0.94 |
| EGI | $41.0k | $8.66 |
| − OpEx | −$6.2k | −$1.30 |
| NOI | $34.9k | $7.36 |
4,740 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$498.4K
$436.1K – $581.5K
NOI $34,888 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,320 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apex Industrial Tires
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 8430 Gulf Fwy, Houston, TX 77017
FAQs
What type of property is this?
Warehouse - Updated warehouse on a development-oriented lot, offering an established building for industrial uses in Houston.
Where is this warehouse located?
The property is located at 6229 Dixie Drive Houston, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Updated warehouse building totaling 4,740 sq ft; Warehouse sits on a lot positioned for industrial/trade use; Property is located across the street from major ongoing development
