11515 Forbes Rd Houston, TX 77075
This exceptional 10-acre industrial land parcel in Houston's Greater Hobby Area presents a truly shovel-ready development opportunity. The property boasts a complete set of approved and permitted construction documents, including renderings, a feasibility study, and geotechnical engineering reports, eliminating significant pre-construction hurdles. Seller financing is available, making this an even more attractive investment. The site is ideally suited for the construction of two 100,000 square foot buildings or subdivision into eight approximately 25,000 square foot properties. A feasibility study indicates high demand for cold storage facilities in the area, but the site is versatile enough for warehousing, manufacturing, self-storage, or distribution facilities. The maximum building height is 44 feet, allowing for multi-level structures if desired. Strategically located with five-minute access to Houston Hobby International Airport, under 30 minutes to Bayport and Barbours Cut, and minutes from major BNSF rail lines, this property offers unparalleled connectivity. The site features 540 feet of frontage on Forbes Road, providing excellent visibility and accessibility. Ingress/egress is available via Forbes Road to Fuqua or Almeda Genoa, and Garden Parks Drive to Telephone Road (TX Highway 35). The property is situated just 600 feet south of the Fuqua Street junction at Forbes Road and approximately 0.6 miles south of Almeda-Genoa's intersection at Forbes Road. Benefit from natural visibility, accessibility to a large labor pool, and a location outside the flood plain. This is a rare opportunity to capitalize on the strong tenant demand and tight vacancy rates in this thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.