Remodeled Coworking Suite For
For Sale
Contact for pricing
Pending
1109 Dumble St, Houston, TX 77023
Premium, fully remodeled 5,424 SF coworking suite with executive offices.
Property Size5,424 SF
Days on Market182
Property Features for 1109 Dumble St
General Information
Standard status
Pending
Size
5,424 SF
Class
A
Total Parking Spaces
14
Property subtype
Mixed Use, Office, Special Purpose
Zoning
Commercial
Occupancy
5%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Renovated
2024
Buildings
1
Stories
1
Listing Agency:
KW Commercial Texas
(832) 720-5626
Listed By:
Melanne Carpenter · License #TX 741309
Source:
Crexi
Added: Feb 12
Changed: Aug 8
Last Checked: Jul 25 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Texas
Investment Insights
Based on property information with market context.
This 5,424-square-foot coworking suite has been meticulously remodeled, blending industrial-chic aesthetics with high-end functional design. It features 7 private executive offices, fully furnished with ergonomic seating and sleek desks, suitable for established teams or high-level focus. A restricted-access zone provides dedicated desk spaces for those who need a consistent, quiet, and highly secure environment. The expansive common area is an open-concept workspace designed to foster collaboration, featuring a mix of lounge seating, community tables, and breakout zones. The suite includes a coffee bar equipped with premium brewing stations, designer tiling, and ample space for casual networking. It is fully furnished and move-in ready. The suite includes 14 dedicated parking spaces.
Key Highlights
- Premium, fully remodeled 5,424 sq ft coworking suite.
- Includes 14 dedicated parking spaces.
- Features 7 private executive offices, fully furnished with ergonomic seating.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,266
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,320
$1.3M
Cap Rate 7%
$903,800
$903.8K
Cap Rate 9%
$702,956
$703.0K
Market Conditions
NOI Build-Up for 5,424 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$117.2K $21.60/SF
− Vacancy
−$32.8K −$6.05/SF
EGI
$84.4K $15.55/SF
− OpEx
−$21.1K −$3.89/SF
NOI
$63.3K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,265,320
Cap Rate 7%
$903,800
Cap Rate 9%
$702,956
Alternative Uses
Best Use
Office B
$903.8K
$790.8K – $1.05M
NOI $63,266 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,632 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 77023, TX
26,780
Population
11,850
Households
2.3
Avg Household Size
36
Median Age
24%
College-Educated
75%
High-School Grad
5.5 sq mi
ZIP Area
4,869
Density / Sq Mi
$50,018
Median Household Income
$35,730
Median Earnings
$1,079
Median Rent
$279,300
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Coworking space - Premium, fully remodeled 5,424 SF coworking suite with executive offices.
Where is this coworking space located?
The property is located at 1109 Dumble St Houston, TX.
What is the asking price?
The asking price for this property is $1,485,000.
What are key features of this property?
This property features: Premium, fully remodeled 5,424 sq ft coworking suite.; Includes 14 dedicated parking spaces.; Features 7 private executive offices, fully furnished with ergonomic seating.
