6912 Calhoun Rd Houston, TX 77021
- Warehouses
- 11,775 SF
- 0.50 lot acres
Current Use by Public Records
- Warehouses
Property Details for 6912 Calhoun Rd
- Year built
- 1962
- Construction
- METAL FRAME
- Lot size
- 0.50 lot acres
- Property size
- 11,775 SF
- Property type
- Warehouses
- APN
- 581580000018
- APU
- 581580000018
Description
This exceptional Houston industrial property offers a compelling investment opportunity with an 8.52% cap rate. The 14,596 square foot building, renovated in 2023, sits on a 21,825 square foot lot and is currently 100% occupied by four tenants under gross leases. The property features a mix of flex, manufacturing, and warehouse space, ideal for diverse uses. Each unit is separately metered, with unit sizes ranging from 3,600 to 4,500 square feet. The building boasts a steel structure with a contemporary half brick, half steel exterior. The property's strong NOI of $93,486 provides a stable income stream, further enhanced by below-market rental rates offering potential for future increases. Located at 6912 Calhoun Rd, Houston, TX 77021, in Harris County, this Class B, single-story building benefits from its location near expanding residential areas, promising continued growth and demand. The asking price is $1,097,000, translating to $75.16 per square foot and $274,250 per unit. This stabilized investment presents a rare opportunity for significant returns in a thriving Houston market. The property's strong occupancy and recent renovations minimize management needs, making it an attractive option for both seasoned and new investors.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.3516
- Latitude
- 29.6866
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
