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: Oct 13 Last Checked: Oct 23 at 4:00AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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 / Yr

$87,420

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,748,400 $1.7M

Cap Rate 7%

$1,248,857 $1.2M

Cap Rate 9%

$971,333 $971.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,396 SF

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 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. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

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

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