This exceptional investment opportunity presents a portfolio of six industrial buildings totaling 51,951 square feet on a 4.56-acre site in Humble, Texas. The property is comprised of six structures with varying sizes and construction years ranging from 1960 to 2009. Building A (134 Wilson Rd), constructed in 1989, offers approximately 16,385 square feet with 2,000 amps/240 volts of power, and multiple overhead doors. Building B (132 Wilson Rd), built in 1960 with subsequent expansions, encompasses approximately 8,500 square feet and also features 2,000 amps/240 volts of power and several overhead doors. Building C (132B Wilson Rd), a 2009 construction, provides approximately 3,447 square feet and shares power with Building B. Building D (132C Wilson Rd), also built in 2009, boasts approximately 11,245 square feet, 2,000 amps/208 volts of power, a 5-ton bridge crane (rated for 10 tons), and large overhead doors. Buildings E and F (310 N & S Dennis), both constructed in 1988, offer approximately 4,762 and 7,612 square feet respectively, with varying power capacities and overhead doors. Ceiling heights range from 13'3" to 26'6". The property benefits from heavy power with a total of 7,100 amps, provided by the City of Humble. All buildings are fully climate-controlled. The site is fully fenced. The asking price is $5,500,000, representing a price per square foot of $105.87. This property is currently vacant and presents a unique opportunity for an investor or owner-occupier.
Property Features for 134 Wilson Rd
General Information
Property type
Distribution properties
Square Feet
51,951 SF
Lot Size
198,634 SF
Building Details
Year Built
1960
Buildings
6
HighLights
$5,500,000 asking price for a vacant 51,951 SF industrial warehouse in Humble, TX.
Six buildings totaling 51,951 square feet on a 4.56‑acre lot.
Distribution property - Six-building industrial complex, 51,951 SF, 4.56 acres.
Where is this distribution property located?
The property is located at 134 Wilson Rd Humble, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: $5,500,000 asking price for a vacant 51,951 SF industrial warehouse in Humble, TX.; Six buildings totaling 51,951 square feet on a 4.56-acre lot.; Building A: 16,385 SF, 1989 construction, 2,000 Amps/240 Volts power, multiple overhead doors, 14'6" eaves.
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134 Wilson Rd Humble, TX 77338
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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.
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
134 Wilson Rd Humble, TX 77338
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134 Wilson Rd, Humble, TX
Tom Condon Jr.
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134 Wilson Rd, Humble, TX
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Tom Condon Jr.
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