Warehouse with Grade-Level
For Sale
Contact for pricing
8721 Humble Westfield Road, Humble, TX 77338
Shell warehouse with two grade-level overhead doors and build-to-suit office options for flexible tenant use.
Property Size7,236 SF
Lot Size1.00 Acre
Price / SF$197.62
Days on Market95
Property Features for 8721 Humble Westfield Road
General Information
Standard status
Active
Size
7,236 SF
Class
B
Lot size
1.00 Acre
Property subtype
Industrial
Zoning
NZ
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
2
Heavy Power
Yes
Building Details
Year Built
2026
Buildings
1
Listing Agency:
Walzel Properties LLC
Listed By:
Omar Karani · License #841221
Source:
Crexi
Added: Jun 3
Changed: Aug 23
Last Checked: Sep 5 at 12:27AM
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 Walzel Properties LLC
Investment Insights
Based on property information with market context.
Westfield Business Park Phase 2 is a 7,236 SF warehouse within a larger 12,266 SF industrial development. The space is delivered in shell condition, with build-to-suit office available to support office integration as needed. The building is metal constructed and designed with two grade level overhead doors for straightforward loading and operational flexibility.
The property sits on 1.00 acre and includes underground and on-site detention. It is not part of a POA, which can simplify ongoing ownership and management considerations.
The clear height of 18'-20' and the available 3-phase 120V power service (300A) make the building a practical fit for a range of industrial and light distribution uses that require functional loading and adequate vertical space. With the option for build-to-suit office, it can also work well for operators who need to combine warehouse functions with a dedicated office component.
The property sits on 1.00 acre and includes underground and on-site detention. It is not part of a POA, which can simplify ongoing ownership and management considerations.
The clear height of 18'-20' and the available 3-phase 120V power service (300A) make the building a practical fit for a range of industrial and light distribution uses that require functional loading and adequate vertical space. With the option for build-to-suit office, it can also work well for operators who need to combine warehouse functions with a dedicated office component.
Key Highlights
- 7,236 SF warehouse (Westfield Business Park Phase 2) in a 12,266 SF industrial development on 1.00 acre
- Year built 2026; offered in shell condition with build‑to‑suit office available
- Two grade level overhead doors for loading and access
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
$94,779
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
6.63%
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%
$1,895,580
$1.9M
Cap Rate 7%
$1,353,986
$1.4M
Cap Rate 9%
$1,053,100
$1.1M
Market Conditions
NOI Build-Up for 7,236 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
$166.7K $23.04/SF
− Vacancy
−$40.3K −$5.58/SF
EGI
$126.4K $17.46/SF
− OpEx
−$31.6K −$4.37/SF
NOI
$94.8K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,895,580
Cap Rate 7%
$1,353,986
Cap Rate 9%
$1,053,100
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,779 @ 7.0% cap · market cap 6.63%
Second Best
Warehouse
$1.08M
$941.8K – $1.26M
NOI $75,342 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,306 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Fright Self Storage Units — 401 S Bender Ave, Humble, TX 77338
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- Perfect Logistics — 9810 Farm to Market 1960 Bypass Rd W, Humble, TX 77338
Frequently Asked Questions
What type of property is this?
Warehouse - Shell warehouse with two grade-level overhead doors and build-to-suit office options for flexible tenant use.
Where is this warehouse located?
The property is located at 8721 Humble Westfield Road Humble, TX.
What is the asking price?
The asking price for this property is $1,430,000.
What are key features of this property?
This property features: 7,236 SF warehouse (Westfield Business Park Phase 2) in a 12,266 SF industrial development on 1.00 acre; Year built 2026; offered in shell condition with build‑to‑suit office available; Two grade level overhead doors for loading and access
