Building Details

Building Size 8,396 SF

Listing Agency: Apex Realtors

Listed By: Farid Chatur · License #0599697 Show Phone

Source: Commercialcafe

Added: Mar 3 Changed: Sep 8 Last Checked: Jul 22 at 6:34AM

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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 Apex Realtors

Investment Insights

Based on property information with market context.

This property includes a +/- 3,750 SF warehouse along with a +/- 2,210 SF office and +/- 2,436 SF storage area. The office/reception area features reception, four offices, and a breakroom, while the storage and production support areas include three pressrooms. Interior storage is provided via 22 storage spaces, supported by an additional 16 storage spaces outside.

The building sits on +/- 1.80 acres and is located between 290 Fwy and Beltway 8 in Jersey Village, TX.

Overall, the layout combines warehouse operations with on-site administrative space and both indoor and outdoor storage capacity.

Key Highlights

• Located on +/- 1.80 acres between 290 Fwy and Beltway 8
• Warehouse building totals +/- 3,750 SF
• Includes +/- 2,210 SF of office space with reception and 4 offices

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

$87,420

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

3.97%

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%

$1,748,400 $1.7M

Cap Rate 7%

$1,248,857 $1.2M

Cap Rate 9%

$971,333 $971.3K

Market Conditions

NOI Build-Up for 8,396 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

$110.8K $13.20/SF

− Vacancy

−$8.0K −$0.95/SF

EGI

$102.8K $12.25/SF

− OpEx

−$15.4K −$1.84/SF

NOI

$87.4K $10.41/SF

Area

Harris County, TX

Vacancy

7.20%

Lease Rate

$13.20 /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%

$1,748,400

Cap Rate 7%

$1,248,857

Cap Rate 9%

$971,333

Alternative Uses

Best Use

Warehouse

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,420 @ 7.0% cap · market cap 3.97%

Second Best

Industrial

$1.03M

$899.9K – $1.20M (±1% cap)

NOI $71,993 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$2.29M

$2.01M – $2.67M (±1% cap)

NOI $160,478 @ 7.0% cap · market cap 7.29%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Dental Office Real Estate Agency Hair Salon Nail Salon Spa & Massage Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

383

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 77040, TX

49,524

Population

19,197

Households

2.6

Avg Household Size

35

Median Age

28%

College-Educated

79%

High-School Grad

13.8 sq mi

ZIP Area

3,589

Density / Sq Mi

$67,254

Median Household Income

$37,004

Median Earnings

$1,343

Median Rent

$224,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• La Fogata Catering — 14966 Northwest Fwy, Houston, TX 77040

Frequently Asked Questions

What type of property is this?

Flex space - Warehouse includes a dedicated office area plus indoor and outdoor storage space and pressrooms.

Where is this flex space located?

The property is located at 7230 Senate Ave Jersey Village, TX.

What is the asking price?

The asking price for this property is $2,199,999.

What are key features of this property?

This property features: Located on +/- 1.80 acres between 290 Fwy and Beltway 8; Warehouse building totals +/- 3,750 SF; Includes +/- 2,210 SF of office space with reception and 4 offices