Functional Warehouse in Spring
8534 Rannie Rd, Houston, TX 77080
For Sale
Contact for pricing
9,500 SF warehouse with excellent access and modern construction.
Property Size9,500 SF
Price / SF$65.79
Days on Market267
Property Features for 8534 Rannie Rd
General Information
Standard status
Size
Property subtype
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Listing Agency:
Alpine Partners
Listed By:
Kyle Fischer
(281) 627-0834
Source:
Crexi
Added: Feb 20
Changed: Nov 5
Last Checked: Nov 12 at 5:59AM
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 Alpine Partners
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Investment Insights
Based on property information with market context.
The property features an approximately 9,500 square foot warehouse, built in 2007. According to the seller, the dimensions are 95 feet by 100 feet. The building offers a 16-foot clear height, a 14-foot overhead door, natural gas service, and three separate water meters. It is suitable for automotive and light industrial operations. Located in the Spring Branch submarket, the property provides convenient regional access. It is situated minutes from US-290 (Hempstead Road), Interstate 10, Loop 610, and the Sam Houston Tollway (Beltway 8), facilitating connectivity to Downtown Houston, the Energy Corridor, and major commercial corridors. The surrounding area benefits from strong economic drivers, including the Memorial City district, the Energy Corridor, and major healthcare employers such as Memorial Hermann Health System and HCA Houston Healthcare. These employment centers contribute to a consistent labor base and ongoing demand for industrial and service-related businesses. The property represents an owner-user industrial opportunity with strong access, modern construction, and proximity to major employment hubs.
Key Highlights
- Excellent regional access to US‑290, Interstate 10, Loop 610, and Beltway 8.
- Approximately 9,500 SF warehouse built in 2007.
- 16’ clear height with 14’ overhead door.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,566
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,320
$1.1M
Cap Rate 7%
$765,229
$765.2K
Cap Rate 9%
$595,178
$595.2K
Market Conditions
NOI Build-Up for 9,500 SF
Gross rent
$85.5K $9.00/SF
− Vacancy
−$9.0K −$0.95/SF
EGI
$76.5K $8.06/SF
− OpEx
−$23.0K −$2.42/SF
NOI
$53.6K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,071,320
Cap Rate 7%
$765,229
Cap Rate 9%
$595,178
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.15M
NOI $128,816 @ 7.0% cap · market cap 20.61%
Second Best
Warehouse
$998.9K
$874.0K – $1.17M
NOI $69,923 @ 7.0% cap · market cap 11.19%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,000 @ 7.0% cap · market cap 27.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 77080, TX
45,428
Population
17,394
Households
2.6
Avg Household Size
33
Median Age
27%
College-Educated
68%
High-School Grad
6.4 sq mi
ZIP Area
7,098
Density / Sq Mi
$63,056
Median Household Income
$33,658
Median Earnings
$1,253
Median Rent
$311,600
Median Home Value
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Market
Properties on Market for Warehouses in Houston
Vacancy Rate% for Industrial in Houston, TX
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- Carriage Clubhouse — 3210 Bingle Rd #300, Houston, TX 77055
Frequently Asked Questions
What type of property is this?
Warehouse - 9,500 SF warehouse with excellent access and modern construction.
Where is this warehouse located?
The property is located at 8534 Rannie Rd Houston, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Excellent regional access to US‑290, Interstate 10, Loop 610, and Beltway 8.; Approximately 9,500 SF warehouse built in 2007.; 16’ clear height with 14’ overhead door.
