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Property profile & analytics
OFF-MARKET Estimated value $760,000
Distribution centers

10 Milby St Houston, TX 77003

34,000 SF 0.92 ac lot Built 1930
Entity Owned Absentee Owner Free & Clear
Property ID
US82-2788133
Property summary
AI-generated overview

This exceptional 34,000-square-foot industrial property, located at 10 N Milby St in Houston, Texas, 77003, presents a unique leasing opportunity in the vibrant East Downtown area. The single, one-story building, constructed in 1930 and extensively renovated in 2023, offers flexible space configurations ranging from 8,500 to 34,000 contiguous square feet, accommodating a variety of business needs. The property boasts a Class B rating and features five loading docks with five dock-high doors, ensuring efficient logistics. High ceilings reaching 14 feet provide ample vertical space, while significant recent capital improvements enhance functionality and aesthetics. These upgrades include new LED lighting, updated windows and skylights, renovated restrooms, roof repairs, and office build-outs. The property sits on a 0.88-acre lot and benefits from 3-phase 480V power. Its strategic location near Commerce Street offers excellent access to major transportation routes. This is an ideal space for warehouse, distribution, or creative office uses. The property is currently fully vacant and ready for immediate occupancy. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1930
Construction BRICK
Total area 34,000 SF
Lot 0.92 ac (40,001 SF)
APN 71070000004
UPID US82-2788133
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$630k
CAP Approach CAP
by Request
Comparable Approach Comparable
$889k
Blend (final) Blend
$760k
Owner & transaction history
SKINNY PIRATE LP
SKINNY PIRATE LP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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