For Sale
Contact for pricing
4115 Kreinhop Rd, Spring, TX 77388
Self storage facilities
Property Size1,100 SF
Price / SF$159.09
Days on Market1225
Property Features for 4115 Kreinhop Rd
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Mixed Use, Self Storage
Building Details
Year Built
2022
Units
24
Listing Agency:
JT Lynch Company
Listed By:
Andy Lynch · License #TX 718178
(713) 471-6570
Source:
Crexi
Added: Jun 28, 2023
Changed: Nov 1
Last Checked: Nov 3 at 4:45AM
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 JT Lynch Company
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Investment Insights
Based on property information with market context.
Key Highlights
- Large 14 ft. wide & 14 ft. high garage doors facilitate easy access.
- Units are a spacious 22’ x 50’ providing ample room.
- High eave height of 25 ft. allows for vertical storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,025
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,500
$280.5K
Cap Rate 7%
$200,357
$200.4K
Cap Rate 9%
$155,833
$155.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$26.4K $24.00/SF
− Vacancy
−$4.0K −$3.60/SF
EGI
$22.4K $20.40/SF
− OpEx
−$8.4K −$7.65/SF
NOI
$14.0K $12.75/SF
Area
Harris County, TX
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$280,500
Cap Rate 7%
$200,357
Cap Rate 9%
$155,833
Alternative Uses
Best Use
Mixed Use
$200.4K
$175.3K – $233.8K
NOI $14,025 @ 7.0% cap · market cap 8.01%
Second Best
Self Storage
$161.3K
$141.1K – $188.2K
NOI $11,291 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$300.4K
$262.8K – $350.4K
NOI $21,025 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
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Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
Where is this self storage facility located?
The property is located at 4115 Kreinhop Rd Spring, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Large 14 ft. wide & 14 ft. high garage doors facilitate easy access.; Units are a spacious 22’ x 50’ providing ample room.; High eave height of 25 ft. allows for vertical storage.
