Old Main Street Multi-Tenant 11710 Old Main Street Loop Rd 7,402 SF 53% Leased Industrial Building Houston, TX 77025 $1,494,900 CAD ($201.96 CAD/SF) 4.92% Cap Rate

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 11710 Old Main Street in Houston, Texas. The subject property consists of approximately 7,402 square feet of industrial space and is situated on 1.11 acres of land. The four-building asset features a clear height of 14’, three grade-level doors, metal construction, and 10 parking spaces. Positioned along a Union Pacific and Canadian Pacific/Kansas City rail line, the property has direct access to U.S. Route 90. At 53.1 percent occupied, this sale offers buyers a lease-up or a partial owner-user opportunity with a steady stream of income. Despite its Houston location, the property has a low flood risk, lowering the cost of insurance.
The subject property is located within the mid-sized Highway 59/Highway 90 submarket, containing 32.4 million square feet of industrial space. In 2025, industrial demand in the submarket continued to rebound as 1.1 million square feet of industrial space was absorbed on net. Supply also continued its ascent as about 861,000 square feet of deliveries were added to the inventory on net. With demand outpacing supply, the vacancy rate in the Highway 59/Highway 90 submarket bucked the national trend and fell for a fourth consecutive year to a record-low of 3.5 percent, well-below the 7.7 percent average across the top 50 metros (based on classes A, B, and C, and a minimum of 10,000 square feet). The reduction in availability helped to drive a rebound in rent growth as the average market rent jumped 3.3 percentage points to 5.0 percent, far outpacing the 1.4 percent national average. At the start of 2026, industrial space under construction in the Highway 59/Highway 90 submarket slipped to 308,000 square feet (representing only 1.0 percent of inventory), putting demand in the driver’s seat of vacancies and rents going forward (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.