NNN Commercial
6631 Theall Road, Houston, TX 77066
For Sale
Contact for pricing
The offering combines a five-year NNN lease with a sale-leaseback transaction.
Property Size18,000 SF
Price / SF$198.62
Days on Market20
Property Features for 6631 Theall Road
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Partners
Listed By:
Hunter Stockard · License #709742
(713) 681-1100
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 4:41PM
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 Partners
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Investment Insights
Based on property information with market context.
This 18,000-square-foot NNN property is offered through a sale-leaseback with a five-year lease term. The property is located at 6631 Theall Road in Houston, Texas 77066.
Key Highlights
- 18,000 SF property
- Five‑year NNN sale‑leaseback
- Located at 6631 Theall Road, Houston, TX 77066
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,486
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,649,720
$2.6M
Cap Rate 7%
$1,892,657
$1.9M
Cap Rate 9%
$1,472,067
$1.5M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$172.8K $9.60/SF
− Vacancy
−$16.9K −$0.94/SF
EGI
$155.9K $8.66/SF
− OpEx
−$23.4K −$1.30/SF
NOI
$132.5K $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%
$2,649,720
Cap Rate 7%
$1,892,657
Cap Rate 9%
$1,472,067
Alternative Uses
Best Use
Warehouse
$1.89M
$1.66M – $2.21M
NOI $132,486 @ 7.0% cap · market cap 3.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $324,000 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for NNN properties in Houston
Vacancy Rate% for Industrial in Houston, TX
Frequently Asked Questions
What type of property is this?
NNN property - The offering combines a five-year NNN lease with a sale-leaseback transaction.
Where is this nnn property located?
The property is located at 6631 Theall Road Houston, TX.
What is the asking price?
The asking price for this property is $3,575,200.
What are key features of this property?
This property features: 18,000 SF property; Five‑year NNN sale‑leaseback; Located at 6631 Theall Road, Houston, TX 77066
