Flex Space with Clear-Span
For Sale
Contact for pricing
9228 Kingsville, Houston, TX 77063
Commercial flex property combining insulated warehouse capacity with efficient office accommodation and future expansion flexibility.
Property Size8,308 SF
Price / SF$222.68
Days on Market222
Property Features for 9228 Kingsville
General Information
Standard status
Active
Size
8,308 SF
Class
B
Property subtype
Industrial
Zoning
Commercial
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
22 ft
Clear Span
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
2
Listing Agency:
Walzel Properties LLC
Listed By:
Shayan Malayerizadeh · License #720736
Source:
Crexi
Added: Jan 23
Changed: Aug 30
Last Checked: Sep 2 at 3:18PM
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.
This 8,308-square-foot flex property combines a clear-span warehouse with insulated construction and dedicated office space. The warehouse provides 22-foot clear height, can be fully climate controlled, and offers a layout that supports adding a mezzanine for additional office or storage area. The property was built in 2026 and is zoned Commercial.
The site is located at 9228 Kingsville in Houston, with access to the Galleria, CityCentre, Westpark Tollway, and Sam Houston Tollway described as minutes away. The combination of warehouse volume, office functionality, climate-control capability, and expansion potential supports a range of commercial operating requirements.
The site is located at 9228 Kingsville in Houston, with access to the Galleria, CityCentre, Westpark Tollway, and Sam Houston Tollway described as minutes away. The combination of warehouse volume, office functionality, climate-control capability, and expansion potential supports a range of commercial operating requirements.
Key Highlights
- 8,308‑square‑foot flex property completed in 2026
- 22‑foot clear height in a clear‑span warehouse
- Fully insulated warehouse can be climate controlled
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
$96,905
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
5.24%
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%
$1,938,100
$1.9M
Cap Rate 7%
$1,384,357
$1.4M
Cap Rate 9%
$1,076,722
$1.1M
Market Conditions
NOI Build-Up for 8,308 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
$179.5K $21.60/SF
− Vacancy
−$50.2K −$6.05/SF
EGI
$129.2K $15.55/SF
− OpEx
−$32.3K −$3.89/SF
NOI
$96.9K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /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%
$1,938,100
Cap Rate 7%
$1,384,357
Cap Rate 9%
$1,076,722
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.62M
NOI $96,905 @ 7.0% cap · market cap 5.24%
Second Best
Flex RnD
$1.24M
$1.08M – $1.44M
NOI $86,511 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,544 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,421
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex property combining insulated warehouse capacity with efficient office accommodation and future expansion flexibility.
Where is this flex space located?
The property is located at 9228 Kingsville Houston, TX.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 8,308‑square‑foot flex property completed in 2026; 22‑foot clear height in a clear‑span warehouse; Fully insulated warehouse can be climate controlled
