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1307 Iowa St 4,000 SF 100% Leased Industrial Building South Houston, TX 77587 $2,000,000 ($500/SF) 7.94% Cap Rate
Executive Summary
- A group of four warehouses currently occupied by long-term tenants, located in South Houston, just south of the Houston CBD, very close to I-45 (Gulf Freeway) and the Sam Houston Tollway, and near Hobby Airport, Loop 610 and Ellington Airfield.
- Two of the four properties were built in 2014; the other two were built in 1979 and have been well maintained and updated.
- Stable, income-producing assets with minimal management and maintenance requirements.
- Two of the four properties were built in 2014; the other two were built in 1979 and have been well maintained and updated.
- Stable, income-producing assets with minimal management and maintenance requirements.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$196,870
|
$49.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,870
|
$49.22
|
| Taxes |
$28,108
|
$7.03
|
| Operating Expenses |
$10,000
|
$2.50
|
| Total Expenses |
$38,108
|
$9.53
|
| Net Operating Income |
$158,762
|
$39.69
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $196,870 |
| Annual Per SF | $49.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $196,870 |
| Annual Per SF | $49.22 |
| Taxes | |
|---|---|
| Annual | $28,108 |
| Annual Per SF | $7.03 |
| Operating Expenses | |
|---|---|
| Annual | $10,000 |
| Annual Per SF | $2.50 |
| Total Expenses | |
|---|---|
| Annual | $38,108 |
| Annual Per SF | $9.53 |
| Net Operating Income | |
|---|---|
| Annual | $158,762 |
| Annual Per SF | $39.69 |
Property Facts
| Price | $2,000,000 | Building Class | C |
| Price Per SF | $500 | Lot Size | 0.16 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 4,000 SF |
| Cap Rate | 7.94% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1979/2014 |
| Price | $2,000,000 |
| Price Per SF | $500 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.94% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 4,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1979/2014 |
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advantage Parts Supplies
- Manufacturing
- 4,000 SF
- $10.50
- Triple Net
- Jun 2027
- Carpenter Shop
- Manufacturing
- 4,750 SF
- $7.07
- Triple Net
- -
- Machine Shop
- Manufacturing
- 10,000 SF
- $12.00
- Triple Net
- Jul 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advantage Parts Supplies | Manufacturing | 4,000 SF | $10.50 | Triple Net | Jun 2027 | |
| Carpenter Shop | Manufacturing | 4,750 SF | $7.07 | Triple Net | - | |
| Machine Shop | Manufacturing | 10,000 SF | $12.00 | Triple Net | Jul 2026 |
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Property Taxes
| Parcel Number | 0340110190013 | Total Assessment | $308,142 (2025) |
| Land Assessment | $85,200 (2025) | Annual Taxes | $28,108 ($7.03/SF) |
| Improvements Assessment | $222,942 (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
0340110190013
Land Assessment
$85,200 (2025)
Improvements Assessment
$222,942 (2025)
Total Assessment
$308,142 (2025)
Annual Taxes
$28,108 ($7.03/SF)
Tax Year
2024 Payable 2025
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1307 Iowa St
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