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6912 Calhoun Rd Houston, TX 77021

Sponsored
For Sale
$1,097,000

High-Cap Rate, Fully Leased, Renovated

Property size:
14,596 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional Houston industrial property offers a compelling investment opportunity with an 8.52% cap rate. The 14,596 square foot building, renovated in 2023, sits on a 21,825 square foot lot and is currently 100% occupied by four tenants under gross leases. The property features a mix of flex, manufacturing, and warehouse space, ideal for diverse uses. Each unit is separately metered, with unit sizes ranging from 3,600 to 4,500 square feet. The building boasts a steel structure with a contemporary half brick, half steel exterior. The property's strong NOI of $93,486 provides a stable income stream, further enhanced by below-market rental rates offering potential for future increases. Located at 6912 Calhoun Rd, Houston, TX 77021, in Harris County, this Class B, single-story building benefits from its location near expanding residential areas, promising continued growth and demand. The asking price is $1,097,000, translating to $75.16 per square foot and $274,250 per unit. This stabilized investment presents a rare opportunity for significant returns in a thriving Houston market. The property's strong occupancy and recent renovations minimize management needs, making it an attractive option for both seasoned and new investors.

Property Features for 6912 Calhoun Rd

General Information

Property type
Distribution properties
Square Feet
14,596 SF
Class
B

Building Details

Year Built/Renovated
1962/2023
Buildings
1
Stories
1
Units
4

HighLights

  • 8.52% cap rate, a rare opportunity in the Houston market.
  • 2023 renovation of a 14,596 SF building on a 21,825 SF lot.
  • 100% occupancy with four tenants under gross leases.
  • Strong NOI of $93,486, generating approximately $9,400 in monthly rent.
  • Minimal management needed due to strong occupancy and recent renovations.
  • Excellent location near expanding residential areas in Houston, TX.
Property Profile Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Houston
County
Harris
State
Texas
Longitude
-95.351260562046
Latitude
29.686809845974

FAQs

What type of property is this?
Distribution property - High-Cap Rate, Fully Leased, Renovated
Where is this distribution property located?
The property is located at 6912 Calhoun Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,097,000.
What are key features of this property?
This property features: 8.52% cap rate, a rare opportunity in the Houston market.; 2023 renovation of a 14,596 SF building on a 21,825 SF lot.; 100% occupancy with four tenants under gross leases.
More about this property
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