Magnolia Park Warehouse Near
For Sale
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7125 Harrisburg Blvd., Houston, TX 77011
7,680 SF warehouse in Magnolia Park near Downtown Houston.
Property Size7,680 SF
Price / SF$84.64
Days on Market497
Property Features for 7125 Harrisburg Blvd.
General Information
Standard status
Active
Size
7,680 SF
Class
B
Property subtype
Industrial
Zoning
NZ
Building Details
Year Built
1975
Listing Agency:
Independence Real Estate, Inc.
(281) 335-0335
Listed By:
Ernesto Ramirez · License #TX 719511
Source:
Crexi
Added: Apr 15, 2025
Changed: Aug 8
Last Checked: Aug 8 at 2:49PM
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 Independence Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in the Magnolia Park/EADO area near Downtown Houston, this commercial property presents an investment opportunity. The freestanding metal warehouse, situated at 7125 Harrisburg Blvd., Houston, Texas 77011, offers 7,680 SF of warehouse space. It provides accessibility to the I-45/Interstate 10 intersection. The warehouse features two walk-in doors and two oversized doors (12W X 12H), providing drive-in capabilities for loading and unloading. Its central location within the I-45/I-10/I-59 triangle allows for access to major thoroughfares. The property is within walking distance of the Metro Light Rail. This property is suitable for various types of businesses due to its proximity to Downtown Houston, I-45, I-10, and I-59.
Key Highlights
- Prime commercial property location in Magnolia Park/EADO near Downtown Houston.
- Owner financing available.
- 7,680 SF freestanding metal warehouse.**
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
$56,527
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
8.70%
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%
$1,130,540
$1.1M
Cap Rate 7%
$807,529
$807.5K
Cap Rate 9%
$628,078
$628.1K
Market Conditions
NOI Build-Up for 7,680 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
$73.7K $9.60/SF
− Vacancy
−$7.2K −$0.94/SF
EGI
$66.5K $8.66/SF
− OpEx
−$10.0K −$1.30/SF
NOI
$56.5K $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 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%
$1,130,540
Cap Rate 7%
$807,529
Cap Rate 9%
$628,078
Alternative Uses
Best Use
Warehouse
$807.5K
$706.6K – $942.1K
NOI $56,527 @ 7.0% cap · market cap 8.70%
Second Best
Industrial
$618.6K
$541.3K – $721.7K
NOI $43,304 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 21.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,068
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77011, TX
16,841
Population
7,366
Households
2.3
Avg Household Size
37
Median Age
10%
College-Educated
59%
High-School Grad
3.4 sq mi
ZIP Area
4,953
Density / Sq Mi
$49,163
Median Household Income
$36,517
Median Earnings
$1,063
Median Rent
$187,100
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - 7,680 SF warehouse in Magnolia Park near Downtown Houston.
Where is this warehouse located?
The property is located at 7125 Harrisburg Blvd. Houston, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime commercial property location in Magnolia Park/EADO near Downtown Houston.; Owner financing available.; 7,680 SF freestanding metal warehouse.**
