Freestanding Flex
For Sale
Contact for pricing
8717 Humble Westfield Rd, Humble, TX 77338
Freestanding flex building with grade-level loading, dock-capable doors, and a dedicated office component.
Property Size7,290 SF
Price / SF$205.76
Days on Market893
Property Features for 8717 Humble Westfield Rd
General Information
Standard status
Active
Size
7,290 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
23 ft
Drive-In Doors
2
Heavy Power
Yes
Listing Agency:
Caldwell Brokerage
(713) 690-0000
Listed By:
Mark Terpstra · License ##443855
(281) 664-6634
Source:
Moodyscre
Added: Apr 10, 2024
Changed: Sep 2
Last Checked: Sep 18 at 11:32AM
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 Caldwell Brokerage
Investment Insights
Based on property information with market context.
This freestanding flex office/warehouse is located within a professional business park and offers direct access off 1960 and Humble Westfield. The facility features 15’–23’ eave height and includes two loading spaces served by grade-level doors with dock capability. On the office side, the property includes approximately 1,100 SF of office space, and the building is equipped with three-phase power.
The location provides convenient access to major regional routes including Bush IAH, US 59, FM 1960, and Beltway 8, supporting daily logistics and business travel.
Overall, the layout combines warehouse functionality with dedicated office space, making the property well suited for users who need both operational area and on-site administration.
The location provides convenient access to major regional routes including Bush IAH, US 59, FM 1960, and Beltway 8, supporting daily logistics and business travel.
Overall, the layout combines warehouse functionality with dedicated office space, making the property well suited for users who need both operational area and on-site administration.
Key Highlights
- Freestanding building in a professional business park with direct access off 1960 and Humble Westfield
- 1,100 SF office component
- Grade‑level loading with 2 loading doors, dock‑capable
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,100
$1.5M
Cap Rate 7%
$1,084,357
$1.1M
Cap Rate 9%
$843,389
$843.4K
Market Conditions
NOI Build-Up for 7,290 SF
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.
Gross rent
$96.2K $13.20/SF
− Vacancy
−$6.9K −$0.95/SF
EGI
$89.3K $12.25/SF
− OpEx
−$13.4K −$1.84/SF
NOI
$75.9K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,518,100
Cap Rate 7%
$1,084,357
Cap Rate 9%
$843,389
Alternative Uses
Best Use
Warehouse
$1.08M
$948.8K – $1.27M
NOI $75,905 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$893.0K
$781.4K – $1.04M
NOI $62,510 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,338 @ 7.0% cap · market cap 9.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
23 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77338, TX
45,031
Population
17,667
Households
2.5
Avg Household Size
33
Median Age
20%
College-Educated
87%
High-School Grad
26.0 sq mi
ZIP Area
1,732
Density / Sq Mi
$68,808
Median Household Income
$38,528
Median Earnings
$1,354
Median Rent
$222,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Da Food Plug HTX — 9338 Humble Westfield Rd, Humble, TX 77338
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex building with grade-level loading, dock-capable doors, and a dedicated office component.
Where is this flex space located?
The property is located at 8717 Humble Westfield Rd Humble, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Freestanding building in a professional business park with direct access off 1960 and Humble Westfield; 1,100 SF office component; Grade‑level loading with 2 loading doors, dock‑capable
