7528 Gainesville St Houston, TX 77020
Versatile property featuring warehouse, office space, and residential apartments.
- Added:
- Mar 10, 2026
- Days on Market:
- 127
- Last Refresh:
- Jul 5 at 1:57 pm
Property Features for 7528 Gainesville St
General Information
- Standard status
- Active
- Size
- 12,540 SF
- Lot size
- 0.56 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1950
Listing office Boom Real Estate (832) 814-4070
Listing date Mar 10, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use property featuring warehouse, office/shop space, and two residential apartments.
- Large 12,540 sq ft building on a 24,500 sq ft lot (over 0.56 acres).
- 9,240 sq ft of warehouse space suitable for industrial, auto, or service‑based businesses.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.4k | $9.60 |
| − Vacancy | −$11.8k | −$0.94 |
| EGI | $108.6k | $8.66 |
| − OpEx | −$16.3k | −$1.30 |
| NOI | $92.3k | $7.36 |
