Houston Warehouse with Climate
3007 Crossview Dr Houston, TX 77063
3007 Crossview Dr, Houston, TX, 77063
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For Sale
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19,500 SF warehouse with office space and climate control.
Property Size19,500 SF
Lot Size0.62 Acres
Price / SF$115.38
Days on Market836
Property Features for 3007 Crossview Dr
General Information
- Standard status
- Active
- Size
- 19,500 SF
- Lot size
- 0.62 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing Agency
Partners
Listed by
Michael Keegan, SIOR · License #TX
Source
Crexi
Added: Apr 4, 2024 Checked: Jul 17 at 11:39 am
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.
The property features a total of approximately 19,500 square feet on approximately 0.62 acres. It includes approximately 4,400 square feet of office space and approximately 15,100 square feet of warehouse space. The warehouse has an approximate 16-foot clear height, grade-level and dock-high loading, climate control, natural gas and compressed air. It also has a backup generator on-site. Power is 3 phase, 240V. The property has LED lighting and utilities provided by the City of Houston. The infill location provides quick access to the Southwest Freeway, Westpark Tollway, 610 Loop, and Beltway 8.
Key Highlights
- Excellent infill location with quick access to Southwest Freeway, Westpark Tollway, 610 Loop, & Beltway 8
- Climate controlled warehouse space
- ±19,500 SF total property size (±4,400 SF office & ±15,100 SF warehouse)
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.2k | $9.60 |
| − Vacancy | −$18.3k | −$0.94 |
| EGI | $168.9k | $8.66 |
| − OpEx | −$25.3k | −$1.30 |
| NOI | $143.5k | $7.36 |
19,500 SF · lease $9.60/SF/yr · vacancy 9.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.25M
$2.84M – $3.79M
NOI $227,448 @ 7.0% cap · market cap 10.11%
Second Best
Warehouse
$2.05M
$1.79M – $2.39M
NOI $143,526 @ 7.0% cap · market cap 6.38%
Theoretical Best
Office A
$5.01M
$4.39M – $5.85M
NOI $351,000 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Texas Electric Services
Electrical Service
Sands Investment
Financial Advisor
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FAQs
What type of property is this?
Warehouse - 19,500 SF warehouse with office space and climate control.
Where is this warehouse located?
The property is located at 3007 Crossview Dr Houston, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Excellent infill location with quick access to Southwest Freeway, Westpark Tollway, 610 Loop, & Beltway 8; Climate controlled warehouse space; ±19,500 SF total property size (±4,400 SF office & ±15,100 SF warehouse)
