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    Property profile & analytics
    OFF-MARKET Estimated value $1,125,000
    Outlet malls

    2821 11th St, Houston, TX 77008-6210

    25,641 SF 1.28 ac lot Built 1960
    Individually Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US83-2935754
    Property summary
    AI-generated overview

    This exceptional Class A industrial property, located at 2821 W 11th St in Houston, Texas, 77008, offers a unique blend of warehouse, flex, creative office, R&D, and distribution space. The single-story building boasts a total of 25,641 square feet, with a minimum divisible space of 11,000 square feet, making it ideal for a variety of businesses. Situated on 1.285 acres of fully asphalted land, the property features a 15-foot clear height ceiling, enhancing functionality and storage capacity. The building includes approximately 1,162 square feet of office space, complemented by 51 total parking spaces. Loading and unloading are facilitated by two loading docks, one dock-high door, and one drive-in. The property benefits from a robust 480v/3p power supply and a wet sprinkler system for enhanced safety. The building is 100% HVAC and insulated, ensuring a comfortable and energy-efficient environment. Renovated in 2017, this property is ready for immediate occupancy in February 2025. The property is zoned as "No Zoning". This prime location in the Heights submarket offers excellent access to major transportation routes and a thriving business community. Estimated operating expenses are $3.60 per square foot.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1960
    Construction CONCRETE BLOCKS
    Total area 25,641 SF
    Lot 1.28 ac (55,844 SF)
    APN 440820000169
    UPID US83-2935754
    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
    Current use
    Occupant on record · Public records
    • S Home Decor Inc. Furniture & Home Goods Home Decor Store
    • Custom Power Ltd Power Plant Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $930k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.32M
    Blend (final) Blend
    $1.13M
    Owner & transaction history
    Stevenle & Phillipdien Prop Ll · 9 yrs held
    Stevenle & Phillipdien Prop Ll
    since 2017
    5 recorded transactions
    2026
    2017
    2008
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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