15405 Kurt Dr 9,750 SF Industrial Building Humble, TX 77396 $1,050,000 ($107.69/SF)

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 15405 Kurt Drive in Humble, Texas. The subject property consists of approximately 9,750 square feet of industrial space and is situated on 0.74 acres of land. The asset features metal construction, a 12’ clear height, six grade-level doors, and ample parking. With a building coverage ratio of 30 percent, the property provides ample parking and industrial outdoor storage space, fully secured by metal fencing. Situated on the corner of Kurt Drive and Edward Drive, the property is protected from flooding by drainage ditches. Located near the interchange between Interstate 69 and the Texas State Highway Beltway 8 (Sam Houston Tollway), the property sits about six miles southeast of the George Bush Intercontinental Airport. The 3.8-million-square-foot World Houston International Business Center is also located just one mile from the property, providing access to international business resources. For sale as vacant, the property can be acquired for owner use or as a value-add investment, with the opportunity to reconfigure the property for multi-tenant use.
The subject property is well-positioned within the large North Hardy Toll Road submarket, containing 51.0 million square feet of industrial space. In the 12 months through Q3 2025, net absorption contracted by about -283,000 square feet. During this time, more than 1.1 million square feet of industrial space was added to the North Hardy Toll Road submarket, pushing the vacancy rate up by 270 basis points to 8.9 percent. Despite the increase in availability, rents rebounded in 2025, rising 400 basis points through the first three quarters. At 4.4 percent, annual rent growth in the North Hardy Toll Road submarket outpaced the consumer price index and the average rent growth nationwide by 280 basis points. The average asking rent of $9.70 per square foot represents a 27.9 percent increase over the last five years. With 1.3 million square feet of industrial space under construction in the last quarter of the year, the submarket continues to attract new development, but vacancies and rents will largely be affected by demand for the foreseeable future (CoStar).
As the fifth most populous metro area in the U.S., Houston houses over seven million people in southeastern Texas. The market is composed of nine counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. The Gulf of Mexico, which borders the metro to the southeast, provides access to markets around the world via the Port of Houston, making it a prime location for import/export. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth. As Houston’s population continues to grow, primarily to the northwest, many companies are expanding to the region to provide goods and services to the increasing population.