Industrial Warehouse Near Hobby
8484 Gulf Fwy Houston, TX
8484 Gulf Fwy, Houston, TX, 00000
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For Sale
Contact for pricing
12,000 SF warehouse on 0.98 acres near Hobby Airport.
Property Size12,000 SF
Lot Size0.98 Acres
Price / SF$70
Days on Market437
Property Features for 8484 Gulf Fwy
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.98 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Lee & Associates
(713) 744-7485
Listed by
Jason English · License #501767
(713) 744-7485
Source
Moodyscre
Added: May 8, 2025 Checked: Jul 17 at 6:02 am
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 Lee & Associates
Investment Insights
Based on property information with market context.
This industrial property features a metal construction warehouse with approximately 12,000 square feet of available space, situated on approximately 0.98 acres of land. The warehouse has a clear height ranging from 12 to 15 feet and includes three 12 x 12 grade-level doors and three 10 x 10 grade-level doors for loading. It is equipped with 3-phase power. The property is fully fenced and gated. The location offers two access points and is situated just 2 minutes from Hobby Airport and 15 minutes from downtown Houston. Note that a 2,000 square foot shed is present on the property but is not included in the total square footage.
Key Highlights
- Excellent Location: Just 2 minutes from Hobby Airport and 15 minutes to downtown Houston with two access points.
- Ample Loading Capacity: Features six grade‑level doors.
- Substantial Space: ±12,000 SF available on ±0.98 Acres.
Local Financial Insights For Industrial
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 | $108.0k | $9.00 |
| − Vacancy | −$11.3k | −$0.95 |
| EGI | $96.7k | $8.06 |
| − OpEx | −$29.0k | −$2.42 |
| NOI | $67.7k | $5.64 |
12,000 SF · lease $9.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,324 @ 7.0% cap · market cap 10.51%
Second Best
Industrial
$966.6K
$845.8K – $1.13M
NOI $67,662 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,000 @ 7.0% cap · market cap 25.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Warehouse - 12,000 SF warehouse on 0.98 acres near Hobby Airport.
Where is this warehouse located?
The property is located at 8484 Gulf Fwy Houston, TX.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: Excellent Location: Just 2 minutes from Hobby Airport and 15 minutes to downtown Houston with two access points.; Ample Loading Capacity: Features six grade‑level doors.; Substantial Space: ±12,000 SF available on ±0.98 Acres.
