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1401 Greengrass Dr Houston, TX 77008-5005

OFF-MARKET Distribution centers Google Maps
148,186 SF 5.72 ac lot Built 1969
Entity Owned 6-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$2.11M
Range $1.90M – $2.32M (±10%)
Property ID US83-4094526

Property summary

AI-generated overview

This 128,459 square foot, single-story Class C industrial property in Houston's Heights submarket offers diverse space options ranging from 200 to 5,000 square feet, perfect for various business needs. Built in 1969, the facility features 22 loading docks, 3 drive-ins, and 98 parking spaces, ensuring efficient operations. Located in Harris County with easy access to Loop 610 (I-610), this prime location benefits from Houston's thriving industrial market. The property provides flexible lease terms and reconfigurable spaces to accommodate evolving business requirements. Amenities include 24-hour access, community loading docks, on-site forklifts, building-wide Wi-Fi, conference rooms, private offices, and CCTV monitoring, all included in a flat monthly rate. The property is ideal for businesses seeking warehousing, industrial, storage, traditional office, executive office, coworking, manufacturing, flex, distribution, R&D, or creative office space. Multiple tenancies are available. This is a unique opportunity to establish a presence in one of the nation's leading industrial markets.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1969
Construction STEEL FRAME
Total area 148,186 SF
Lot 5.72 ac (249,154 SF)
APN 992230000002
UPID US83-4094526

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Building Supply
  • Party Supply Store Rental Equipment Company
  • Warehouse & Storage
  • Logistics Company
  • Advertising Agency Marketing & Advertising

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.11M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2019
Price N/A
2018
Price N/A
2013
Price N/A
2007
Price N/A
1997
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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