Light Industrial
For Sale
$1,200,000
9623 Zaka Rd, Houston, TX 77064
Light industrial facility with immediate access to major thoroughfares along Zaka Road.
Property Size6,000 SF
Price / SF$200
Days on Market74
Property Features for 9623 Zaka Rd
General Information
Standard status
Active
Size
6,000 SF
Class
C
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
6,000 SF
Year Built
1992
Listing Agency:
Boyd Commercial
Listed By:
David Boyd · License #0419382
Source:
Commercialcafe
Added: Jun 25
Changed: Sep 5
Last Checked: Sep 5 at 4:25AM
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 Boyd Commercial
Investment Insights
Based on property information with market context.
This approximately 6,000-square-foot light industrial facility is offered for sale and designed for flexible industrial use. The property is positioned to support both owner-users and investors seeking a versatile industrial asset.
Located along Zaka Road in the Brookhollow/Inwood industrial corridor of northwest Houston, the site provides immediate access to major thoroughfares for streamlined regional connectivity.
As a light industrial building, the facility’s configuration is suited for a variety of industrial operations that require dedicated warehouse and work space.
Located along Zaka Road in the Brookhollow/Inwood industrial corridor of northwest Houston, the site provides immediate access to major thoroughfares for streamlined regional connectivity.
As a light industrial building, the facility’s configuration is suited for a variety of industrial operations that require dedicated warehouse and work space.
Key Highlights
- Light industrial facility built in 1992
- Approximately 6,000 SF light industrial space
- Located along Zaka Road in the Brookhollow/Inwood industrial corridor of northwest Houston
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,831
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,620
$676.6K
Cap Rate 7%
$483,300
$483.3K
Cap Rate 9%
$375,900
$375.9K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$54.0K $9.00/SF
− Vacancy
−$5.7K −$0.95/SF
EGI
$48.3K $8.06/SF
− OpEx
−$14.5K −$2.42/SF
NOI
$33.8K $5.64/SF
Area
Houston, TX
Vacancy
10.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$676,620
Cap Rate 7%
$483,300
Cap Rate 9%
$375,900
Alternative Uses
Best Use
Industrial
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,000 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Explore this area
Business Placement
Demographics for 77064, TX
48,243
Population
17,358
Households
2.8
Avg Household Size
36
Median Age
29%
College-Educated
82%
High-School Grad
14.7 sq mi
ZIP Area
3,282
Density / Sq Mi
$85,318
Median Household Income
$42,133
Median Earnings
$1,477
Median Rent
$234,600
Median Home Value
Market
Vacancy Rate% for Industrial in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Light industrial facility with immediate access to major thoroughfares along Zaka Road.
Where is this manufacturing property located?
The property is located at 9623 Zaka Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Light industrial facility built in 1992; Approximately 6,000 SF light industrial space; Located along Zaka Road in the Brookhollow/Inwood industrial corridor of northwest Houston
