Crane-Served Manufacturing
For Sale
Contact for pricing
922 HILL RD, Houston, TX 77037
Fenced and gated industrial compound with heavy power, loading access, and insulated production buildings.
Property Size28,738 SF
Lot Size4.06 Acres
Price / SF$116.13
Days on Market145
Property Features for 922 HILL RD
General Information
Standard status
Active
Size
28,738 SF
Lot size
4.06 Acres
Property subtype
Industrial
Occupancy
90%
Lease Type
Absolute Net
Warehouse & Industrial
Clear Height
22 ft
Drive-In Doors
6
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Year Built
2008
Buildings
4
Units
2
Tenancy
Single
Listing Agency:
Bang Realty
(888) 737-2264
Listed By:
Brian Brockman · License #BRK.200900214
Source:
Crexi
Added: Apr 11
Changed: Sep 1
Last Checked: Sep 1 at 7:06AM
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 Bang Realty
Investment Insights
Based on property information with market context.
The property comprises approximately 25,654 SF of manufacturing and warehouse improvements across four buildings on approximately 4.06 acres. The fully insulated facilities offer 18- to 22-foot clear heights, a covered 18-foot work area, and ample office space. Production infrastructure includes three overhead cranes—two rated at 5 tons and one at 10 tons—along with three-phase heavy power, a paint booth, and sand-blasting equipment.
Grade-level loading supports material movement, while the site provides ample parking and is secured by fencing and gates. Water service is provided by a well, with septic infrastructure and off-site detention. The property is located within the 100 - 500 FEMA Year Floodplain.
Grade-level loading supports material movement, while the site provides ample parking and is secured by fencing and gates. Water service is provided by a well, with septic infrastructure and off-site detention. The property is located within the 100 - 500 FEMA Year Floodplain.
Key Highlights
- Approximately 25,654 SF of total RBA on approximately 4.06 acres
- Four manufacturing warehouses with 18’ - 22’ clear height
- Crane service includes (2) x 5 Ton and (1) x 10 Ton units
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
$211,521
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
6.34%
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%
$4,230,420
$4.2M
Cap Rate 7%
$3,021,729
$3.0M
Cap Rate 9%
$2,350,233
$2.4M
Market Conditions
NOI Build-Up for 28,738 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
$275.9K $9.60/SF
− Vacancy
−$27.0K −$0.94/SF
EGI
$248.8K $8.66/SF
− OpEx
−$37.3K −$1.30/SF
NOI
$211.5K $7.36/SF
Area
Houston, TX
Vacancy
9.80%
Lease Rate
$9.60 /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%
$4,230,420
Cap Rate 7%
$3,021,729
Cap Rate 9%
$2,350,233
Alternative Uses
Best Use
Warehouse
$3.02M
$2.64M – $3.53M
NOI $211,521 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$2.31M
$2.03M – $2.70M
NOI $162,039 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$7.39M
$6.47M – $8.62M
NOI $517,284 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
6
Drive-in doors
90%
Occupancy
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 77037, TX
19,569
Population
5,312
Households
3.7
Avg Household Size
31
Median Age
7%
College-Educated
51%
High-School Grad
6.2 sq mi
ZIP Area
3,156
Density / Sq Mi
$46,176
Median Household Income
$30,779
Median Earnings
$1,056
Median Rent
$160,500
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Fenced and gated industrial compound with heavy power, loading access, and insulated production buildings.
Where is this manufacturing property located?
The property is located at 922 HILL RD Houston, TX.
What is the asking price?
The asking price for this property is $3,337,316.
What are key features of this property?
This property features: Approximately 25,654 SF of total RBA on approximately 4.06 acres; Four manufacturing warehouses with 18’ - 22’ clear height; Crane service includes (2) x 5 Ton and (1) x 10 Ton units
