Old Main Street Multi-Tenant — Sale in Houston, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Houston, TX 77025
  • Year built: 1965

Investment Figures

Cap rate
10.69%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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 two-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. Now 100 percent occupied, the property offers buyers a stabilized multi-tenant industrial investment with immediate in-place cash flow at a 10.69 percent cap rate. 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

Market Context

This industrial in Houston, TX is listed for sale. It is offered at an approximate 10.7% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1965. It has been on the market for 100 days. Compare it against other industrial listings for sale in Houston, TX — view the full market.

As of Q1 2026, the Houston industrial market showed an 8.0% vacancy rate, average asking rents near $10.00/SF/yr, and cap rates around 7.8%. Source: multiple brokerage reports, Q1 2026.

Its 10.7% asking cap rate is above the Houston industrial market average of about 7.8%, implying a higher yield (and typically more risk or upside) than comparable assets.

Industrial market FAQ

What is the typical cap rate for industrial in Houston?
About 7.8% as of Q1 2026, per multiple brokerage reports.
Is the Houston industrial market tightening or softening?
Vacancy is around 8.0% (Q1 2026).

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