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    11601 Galayda St - 11611 Houston, TX 77086

    Sponsored
    For Lease
    Contact for pricing

    Six buildings, 88,940 SF, 4.28 acres. Ideal for multiple tenants.

    Lot size:
    88,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional industrial property, located in Houston's Northwest Industrial Submarket, presents a unique opportunity. Comprising six single-story buildings totaling 88,940 square feet, this complex offers ample space for various industrial operations. Each building features overhead bridge cranes, facilitating efficient material handling. Grade-level loading ensures seamless logistics, complemented by a substantial 4.28-acre outdoor storage yard. The property's strategic location provides convenient access to major transportation arteries, including Highway 249 and Beltway 8 via North Houston Rosslyn Road, enhancing distribution capabilities. Currently, the entire 88,940 square feet is available, making it suitable for a single large tenant or multiple smaller occupants. The individual building sizes range from 10,230 to 19,455 square feet, offering flexibility to accommodate diverse business needs. Situated in Harris County, Texas, with a Houston address and 77086 zip code, this property represents a prime investment in a thriving industrial area. The property is classified as industrial, with warehouse, outdoor storage, and land subtypes.

    Property Features for 11601 Galayda St - 11611

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    88,940 SF

    Building Details

    Buildings
    6
    Stories
    1

    Unit(s) available at that property

    Space
    Building 1
    Size
    18,000 SF
    Space
    Building 2
    Size
    11,430 SF
    Space
    Building 3
    Size
    10,230 SF
    Space
    Building 4
    Size
    11,225 SF
    Space
    Building 5
    Size
    19,455 SF
    Space
    Building 6
    Size
    18,600 SF

    We can help!

    Listing Contact
    Blake Gibson
    Blake Gibson

    Learn more

    Property Insight Report

    HighLights

    • Gated industrial business park in Northwest Houston.
    • 88,940 SF industrial complex with paved, stabilized 4.28‑acre outdoor storage yard.
    • Six drive‑thru buildings, each with overhead cranes and heavy power.
    • Excellent access to major transportation arteries: 1.6 miles to Hwy 249, 5 miles to Beltway 8, 6 miles to Hwy 290.
    Property Profile Location Intelligence

    Current Use by Public Records

    Superior Portable Potty ... Portable Toilet Supplier

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.498854897864
    Latitude
    29.899667843252

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    FAQs

    What type of property is this?
    Distribution property - Six buildings, 88,940 SF, 4.28 acres. Ideal for multiple tenants.
    Where is this distribution property located?
    The property is located at 11601 Galayda St - 11611 Houston, TX.
    What are key features of this property?
    This property features: Gated industrial business park in Northwest Houston.; 88,940 SF industrial complex with paved, stabilized 4.28-acre outdoor storage yard.; Six drive-thru buildings, each with overhead cranes and heavy power.
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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
    11601 Galayda St - 11611 Houston, TX 77086
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    We can help!
    Listing Contact
    Blake Gibson
    Blake Gibson
    Real Estate License ID: TX 543818
    Learn more
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