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    18207 Eldridge Pkwy Tomball, TX 77377

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    For Lease
    Contact for pricing

    Tomball industrial space, 1,040-2,080 sq ft.

    Lot size:
    10,400 SF

    Property Features for 18207 Eldridge Pkwy

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,400 SF
    Class
    B
    Total Rate
    11336

    Building Details

    Year Built
    2018

    Spaces For Lease

    at 18207 Eldridge Pkwy, Tomball, TX 77377 Contact us
    Unit A8

    $13 /Mo

    Size
    1,040 SF
    Contact us

    We can help!

    Listing Contact
    Marc Rankin
    Marc Rankin

    Listing Agent: Marc Rankin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 10,400 square foot industrial property, located at 18207 N Eldridge Pkwy in Tomball, Texas 77377, offers a fantastic opportunity for businesses seeking flexible workspace. Built in 2018, this Class B building features a total of ten suites, with one currently vacant, ranging from 1,040 to 2,080 contiguous square feet. The minimum divisible space is 1,040 square feet, providing options for various business needs. The property boasts convenient amenities including one loading dock and one dock-high door, ensuring efficient loading and unloading. Ample parking is available with 20 total spaces. Situated in the Northwest Houston submarket, specifically the Tomball-Spring-Cypress-Louetta cluster, this location offers easy access to major transportation routes and a thriving business community. The property is categorized as both flex and warehouse space, making it ideal for a variety of uses. This is a rare opportunity to secure prime industrial space in a highly desirable location. Don't miss out on this chance to establish your business in this well-maintained and strategically located building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    iWATCH LLC Security Service Intoxalock Ignition Interlock Building Supply Packpro US Big Box & Wholesale Store Texas Premier Auto ... Car Dealership North Eldridge Storage ... Storage Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tomball
    County
    Harris
    State
    Texas
    Longitude
    -95.609395034867
    Latitude
    30.024364853632

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    FAQs

    What type of property is this?
    Distribution center - Tomball industrial space, 1,040-2,080 sq ft.
    Where is this distribution center located?
    The property is located at 18207 Eldridge Pkwy Tomball, TX.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 10,400 SF industrial property for lease at 18207 N Eldridge Pkwy, Tomball, TX 77377.; Ten suites available, ranging from 1,040 to 2,080 SF, with a minimum divisible space of 1,040 SF.; Features one loading dock and one dock-high door, plus 20 parking spaces.
    (512) 775-9038 Call to check price and availability
    Request Owner's contact information
    18207 Eldridge Pkwy Tomball, TX 77377
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18207 Eldridge Pkwy Tomball, TX 77377
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Rankin
    Marc Rankin
    Real Estate License ID: 564063
    (512) 775-9038
    Learn more
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