Freestanding Flex Space with
For Sale
$500,000
7571 Morley Street, Houston, TX 77061
Standalone industrial facility combining administrative offices, workshop area, and secured outdoor space.
Property Size4,000 SF
Lot Size0.18 Acres
Price / SF$125
Days on Market51
Property Features for 7571 Morley Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.18 Acres
Property subtype
IND, IND-FLEX, IND-WHSE
Site & Location
Neighborhood
Golfcrest / Bellfort / Reveille
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Amenities
reception area
private office space
breakroom/kitchenette
restroom
Building Details
Building Size
4,000 SF
Buildings
1
Listing Agency:
Keller Williams Realty The Woodlands & Magnolia
Listed By:
Teresa Sartin · License #0558077
(281) 825-7745
Source:
Realnex
Added: Sep 9
Changed: Sep 11
Last Checked: Oct 28 at 4:39AM
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 Keller Williams Realty The Woodlands & Magnolia
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Investment Insights
Based on property information with market context.
This freestanding flex space contains approximately 4,000 SF within a practical office and warehouse configuration. The office area includes reception, private offices, a breakroom or kitchenette, and a restroom. An open warehouse/workshop area provides approximately 14' wall height and a grade-level overhead door for material handling and vehicle access.
The property sits on an approximately 7,650 SF lot with a fenced and gated front yard. Concrete paving provides a dedicated parking and work surface, while the standalone layout supports office, storage, fabrication, and light-industrial operations. The address is 7571 Morley Street in Houston, Texas 77061.
The property sits on an approximately 7,650 SF lot with a fenced and gated front yard. Concrete paving provides a dedicated parking and work surface, while the standalone layout supports office, storage, fabrication, and light-industrial operations. The address is 7571 Morley Street in Houston, Texas 77061.
Key Highlights
- Approximately 4,000 SF freestanding industrial building
- Approximately 7,650 SF lot with fenced and gated front yard
- Office area with reception, private offices, breakroom/kitchenette, and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,652
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,040
$833.0K
Cap Rate 7%
$595,029
$595.0K
Cap Rate 9%
$462,800
$462.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$72.0K $18.00/SF
− Vacancy
−$7.9K −$1.98/SF
EGI
$64.1K $16.02/SF
− OpEx
−$22.4K −$5.61/SF
NOI
$41.7K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,040
Cap Rate 7%
$595,029
Cap Rate 9%
$462,800
Alternative Uses
Best Use
Flex RnD
$595.0K
$520.7K – $694.2K
NOI $41,652 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$420.6K
$368.0K – $490.7K
NOI $29,441 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.03M
$900.0K – $1.20M
NOI $72,000 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77061, TX
23,398
Population
9,942
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
7.5 sq mi
ZIP Area
3,120
Density / Sq Mi
$44,520
Median Household Income
$32,659
Median Earnings
$973
Median Rent
$215,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Houston, TX
Similar Off Market Nearby
- Ba-Nom-a-Nom — 7527 Morley St #3, Houston, TX 77061
- Imagine Quisine — 8521 Dover St, Houston, TX 77061
- Russell's Inc — 8501 Broadway St, Houston, TX 77061
Frequently Asked Questions
What type of property is this?
Flex space - Standalone industrial facility combining administrative offices, workshop area, and secured outdoor space.
Where is this flex space located?
The property is located at 7571 Morley Street Houston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 4,000 SF freestanding industrial building; Approximately 7,650 SF lot with fenced and gated front yard; Office area with reception, private offices, breakroom/kitchenette, and restroom
