Houston Flex Space For
For Sale
Contact for pricing
9236 Kingsville, Houston, TX 77063
6,750 SF flex space with quick highway access.
Property Size6,750 SF
Price / SF$148.15
Days on Market184
Property Features for 9236 Kingsville
General Information
Standard status
Active
Size
6,750 SF
Class
B
Property subtype
Industrial
Building Details
Year Built
1981
Buildings
1
Stories
1
Listing Agency:
Partners
Listed By:
Andrew Laycock · License #TX
(713) 275-9649
Source:
Crexi
Added: Mar 3
Changed: Sep 2
Last Checked: Sep 1 at 8:39AM
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 Partners
Investment Insights
Based on property information with market context.
This 6,750 square foot flex space property is divided into two 3,375 square foot suites. Each suite includes approximately 600 square feet of office space and 2,775 square feet of warehouse space. Each suite also features one grade-level door measuring 12 feet wide by 14 feet high. Suite A is fully climate controlled and includes an insulated warehouse. It is currently under a three-year NNN lease that commenced on March 1, 2025, at a rate of $1.1753 per square foot per month, totaling $47,600 per year, with approximately 3.10% annual escalations. The lease expires on February 29, 2028. Suite B features a fully insulated warehouse and is currently vacant. The property has access to city of Houston utilities and offers quick access to Loop 610, Beltway 8, Westpark Tollway, and US 59.
Key Highlights
- Two suites available, each featuring ±600 SF of office space and ±2,775 SF of warehouse space, offering flexibility.
- Excellent accessibility to Loop 610, Beltway 8, Westpark Tollway, and US 59.
- Suite A is leased until 02/29/2028 at $1.1753/SF/Month NNN ($47,600/Year/NNN) with ± 3.10% annual escalations, providing immediate income.
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
$70,288
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
7.03%
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%
$1,405,760
$1.4M
Cap Rate 7%
$1,004,114
$1.0M
Cap Rate 9%
$780,978
$781.0K
Market Conditions
NOI Build-Up for 6,750 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
$121.5K $18.00/SF
− Vacancy
−$13.4K −$1.98/SF
EGI
$108.1K $16.02/SF
− OpEx
−$37.8K −$5.61/SF
NOI
$70.3K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,405,760
Cap Rate 7%
$1,004,114
Cap Rate 9%
$780,978
Alternative Uses
Best Use
Flex RnD
$1.00M
$878.6K – $1.17M
NOI $70,288 @ 7.0% cap · market cap 7.03%
Second Best
Industrial
$543.7K
$475.8K – $634.3K
NOI $38,060 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,500 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in Houston, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ice Paradise — 8550 Westheimer Rd, Houston, TX 77063
- chef stephen elegant catering — 9449 Briar Forest Dr, Houston, TX 77063
Frequently Asked Questions
What type of property is this?
Flex space - 6,750 SF flex space with quick highway access.
Where is this flex space located?
The property is located at 9236 Kingsville Houston, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two suites available, each featuring ±600 SF of office space and ±2,775 SF of warehouse space, offering flexibility.; Excellent accessibility to Loop 610, Beltway 8, Westpark Tollway, and US 59.; Suite A is leased until 02/29/2028 at $1.1753/SF/Month NNN ($47,600/Year/NNN) with ± 3.10% annual escalations, providing immediate income.
