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1307 Iowa St 4,000 SF Vacant Industrial Building South Houston, TX 77587 $2,761,400 CAD ($690.35 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$271,818
|
$67.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$271,818
|
$67.95
|
| Taxes |
$38,809
|
$9.70
|
| Operating Expenses |
$13,807
|
$3.45
|
| Total Expenses |
$52,616
|
$13.15
|
| Net Operating Income |
$219,203
|
$54.80
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $271,818 |
| Annual Per SF | $67.95 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $271,818 |
| Annual Per SF | $67.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,809 |
| Annual Per SF | $9.70 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,807 |
| Annual Per SF | $3.45 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $52,616 |
| Annual Per SF | $13.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $219,203 |
| Annual Per SF | $54.80 |
Property Facts
| Price | $2,761,400 CAD | Building Class | C |
| Price Per SF | $690.35 CAD | 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 | $2,761,400 CAD |
| Price Per SF | $690.35 CAD |
| 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
- $14.50 CAD
- Triple Net
- Jun 2027
- Carpenter Shop
- Manufacturing
- 4,750 SF
- $9.76 CAD
- Triple Net
- -
- Machine Shop
- Manufacturing
- 10,000 SF
- $16.57 CAD
- Triple Net
- Jul 2026
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advantage Parts Supplies | Manufacturing | 4,000 SF | $14.50 CAD | Triple Net | Jun 2027 | |
| Carpenter Shop | Manufacturing | 4,750 SF | $9.76 CAD | Triple Net | - | |
| Machine Shop | Manufacturing | 10,000 SF | $16.57 CAD | Triple Net | Jul 2026 |
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Property Taxes
| Parcel Number | 0340110190013 | Total Assessment | $425,452 CAD (2025) |
| Land Assessment | $117,636 CAD (2025) | Annual Taxes | $38,809 CAD ($9.70 CAD/SF) |
| Improvements Assessment | $307,816 CAD (2025) | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
0340110190013
Land Assessment
$117,636 CAD (2025)
Improvements Assessment
$307,816 CAD (2025)
Total Assessment
$425,452 CAD (2025)
Annual Taxes
$38,809 CAD ($9.70 CAD/SF)
Tax Year
2024 Payable 2025
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1307 Iowa St
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