Warehouse with
For Sale
Contact for pricing
7524 Sherman Street, Houston, TX 77012
Metal construction includes oversized overhead doors, drive-through capability, and a material-handling crane.
Property Size75,280 SF
Days on Market97
Property Features for 7524 Sherman Street
General Information
Standard status
Active
Size
75,280 SF
Property subtype
Industrial
Listed By:
Micheal Palmer
(713) 577-1545
Source:
Cbre
Added: Jul 17
Changed: Oct 13
Last Checked: Oct 20 at 6:19PM
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 Micheal Palmer
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Investment Insights
Based on property information with market context.
Located at 7524 Sherman Street in Houston, this 75,280 SF warehouse occupies approximately 1.99 acres. The metal building offers 30 feet of clear height, four oversized grade-level overhead doors, and a 10-ton crane. The west end is configured for drive-through movement, adding functional circulation for warehouse and storage operations.
The property is described as a storage facility with limited improvements. Its combination of substantial floor area, high-clearance construction, overhead access, and installed lifting equipment provides a straightforward industrial configuration at the Houston address.
The property is described as a storage facility with limited improvements. Its combination of substantial floor area, high-clearance construction, overhead access, and installed lifting equipment provides a straightforward industrial configuration at the Houston address.
Key Highlights
- 75,280 SF metal warehouse on ±1.99 acres
- Four oversized, grade‑level overhead doors
- 30’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$554,085
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,081,700
$11.1M
Cap Rate 7%
$7,915,500
$7.9M
Cap Rate 9%
$6,156,500
$6.2M
Market Conditions
NOI Build-Up for 75,280 SF
Gross rent
$722.7K $9.60/SF
− Vacancy
−$70.8K −$0.94/SF
EGI
$651.9K $8.66/SF
− OpEx
−$97.8K −$1.30/SF
NOI
$554.1K $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%
$11,081,700
Cap Rate 7%
$7,915,500
Cap Rate 9%
$6,156,500
Alternative Uses
Best Use
Warehouse
$7.92M
$6.93M – $9.23M
NOI $554,085 @ 7.0% cap · market cap 138,521,250.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$19.36M
$16.94M – $22.58M
NOI $1,355,040 @ 7.0% cap · market cap 338,760,000.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 77012, TX
18,397
Population
6,867
Households
2.7
Avg Household Size
33
Median Age
10%
College-Educated
59%
High-School Grad
3.9 sq mi
ZIP Area
4,717
Density / Sq Mi
$48,287
Median Household Income
$34,012
Median Earnings
$944
Median Rent
$127,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Warehouse - Metal construction includes oversized overhead doors, drive-through capability, and a material-handling crane.
Where is this warehouse located?
The property is located at 7524 Sherman Street Houston, TX.
What are key features of this property?
This property features: 75,280 SF metal warehouse on ±1.99 acres; Four oversized, grade‑level overhead doors; 30’ clear height
