Single-Tenant Industrial
For Sale
Contact for pricing
6515 Willowbrook Park, Houston, TX 77066
Class A industrial property with a new office building, paved/fenced yard, and two 40-ton cranes.
Property Size56,779 SF
Price / SF$276.09
Days on Market58
Property Features for 6515 Willowbrook Park
General Information
Standard status
Active
Size
56,779 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$627,037
Building Details
Buildings
3
Tenancy
Single
Listing Agency:
USP Management
Listed By:
Monte Froehlich · License #0980389
Source:
Crexi
Added: Jul 8
Changed: Aug 31
Last Checked: Aug 29 at 10:12PM
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 USP Management
Investment Insights
Based on property information with market context.
Class A, single-tenant industrial property built for heavy-duty operations, including 50,779 square feet of industrial space plus a newly built 6,000 square foot office building for a total of 56,779 square feet. The site offers 7.72 acres of paved and fenced yard area. The facility is 100% occupied by a credit tenant and the lease is set to expire May 31, 2032.
The building includes two 40-ton cranes with an 80-foot span and a bottom-of-bridge clearance of 24'-8". The property is located at 6515 Willowbrook Park, Houston, TX 77066, and is offered for sale.
The building includes two 40-ton cranes with an 80-foot span and a bottom-of-bridge clearance of 24'-8". The property is located at 6515 Willowbrook Park, Houston, TX 77066, and is offered for sale.
Key Highlights
- 56,779 SF total building on 7.72 acres with 50,779 SF industrial space and a $1.1M new 6,000 SF office building
- 100% occupied by a credit tenant; lease expires May 31, 2032
- Paved/fenced yard area for added outside storage and access
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
$591,240
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
3.77%
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%
$11,824,800
$11.8M
Cap Rate 7%
$8,446,286
$8.4M
Cap Rate 9%
$6,569,333
$6.6M
Market Conditions
NOI Build-Up for 56,779 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
$1.02M $18.00/SF
− Vacancy
−$112.4K −$1.98/SF
EGI
$909.6K $16.02/SF
− OpEx
−$318.4K −$5.61/SF
NOI
$591.2K $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 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%
$11,824,800
Cap Rate 7%
$8,446,286
Cap Rate 9%
$6,569,333
Alternative Uses
Best Use
Flex RnD
$8.45M
$7.39M – $9.85M
NOI $591,240 @ 7.0% cap · market cap 3.77%
Second Best
Industrial
$4.57M
$4.00M – $5.34M
NOI $320,148 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office A
$14.60M
$12.78M – $17.03M
NOI $1,022,022 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77066, TX
34,443
Population
12,156
Households
2.8
Avg Household Size
35
Median Age
20%
College-Educated
77%
High-School Grad
8.6 sq mi
ZIP Area
4,005
Density / Sq Mi
$83,545
Median Household Income
$36,865
Median Earnings
$1,396
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Class A industrial property with a new office building, paved/fenced yard, and two 40-ton cranes.
Where is this flex space located?
The property is located at 6515 Willowbrook Park Houston, TX.
What is the asking price?
The asking price for this property is $15,675,929.
What are key features of this property?
This property features: 56,779 SF total building on 7.72 acres with 50,779 SF industrial space and a $1.1M new 6,000 SF office building; 100% occupied by a credit tenant; lease expires May 31, 2032; Paved/fenced yard area for added outside storage and access
