Houston Warehouse with Climate
For Sale
Contact for pricing
3007 Crossview Dr, Houston, TX 77063
19,500 SF warehouse with office space and climate control.
Property Size19,500 SF
Lot Size0.62 Acres
Price / SF$115.38
Days on Market929
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
Stories
2
Units
1
Listing Agency:
Partners
Listed By:
Andrew Laycock · License #TX
(713) 275-9649
Source:
Crexi
Added: Apr 4, 2024
Changed: Oct 1
Last Checked: Oct 19 at 7:27AM
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 Partners
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,526
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,870,520
$2.9M
Cap Rate 7%
$2,050,371
$2.1M
Cap Rate 9%
$1,594,733
$1.6M
Market Conditions
NOI Build-Up for 19,500 SF
Gross rent
$187.2K $9.60/SF
− Vacancy
−$18.3K −$0.94/SF
EGI
$168.9K $8.66/SF
− OpEx
−$25.3K −$1.30/SF
NOI
$143.5K $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 Rate 5%
$2,870,520
Cap Rate 7%
$2,050,371
Cap Rate 9%
$1,594,733
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,293
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Houston, TX
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Frequently Asked Questions
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)
