Flex Space With Office
For Sale
Contact for pricing
1145 Butler Rd, League City, TX 77573
Includes a lobby, conference room, kitchen, private offices, bathroom, and substantial storage capacity.
Property Size6,020 SF
Price / SF$232.56
Days on Market14
Property Features for 1145 Butler Rd
General Information
Standard status
Active
Size
6,020 SF
Class
B
Total Parking Spaces
17
Property subtype
Office
Building Details
Year Built
2013
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Barr Associates Real Estate
(281) 333-1700
Listed By:
Randy Barr · License #0266894
Source:
Crexi
Added: Aug 9
Changed: Aug 18
Last Checked: Aug 21 at 8:33PM
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 Barr Associates Real Estate
Investment Insights
Based on property information with market context.
Built in 2013, this 6,020-square-foot flex property combines office improvements with warehouse-oriented storage areas. The interior includes a lobby, conference room, full kitchen, several private offices, a bathroom, and dedicated storage for equipment or inventory. The space is currently configured for video, marketing design, and photography studio operations.
Located at 1145 Butler Rd in League City, the property sits within Butler Business Park and provides 17 on-site parking spaces. Immediate access to I-45 supports regional connectivity for occupants, staff, and visitors. The existing configuration accommodates a blend of creative production, professional office functions, and light industrial activity without relying on a single-purpose layout.
Located at 1145 Butler Rd in League City, the property sits within Butler Business Park and provides 17 on-site parking spaces. Immediate access to I-45 supports regional connectivity for occupants, staff, and visitors. The existing configuration accommodates a blend of creative production, professional office functions, and light industrial activity without relying on a single-purpose layout.
Key Highlights
- 6,020‑square‑foot flex property built in 2013
- Office and warehouse configuration with lobby, conference room, kitchen, private offices, bathroom, and storage
- Currently configured for video, marketing design, and photography studio operations
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
$100,736
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
7.20%
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%
$2,014,720
$2.0M
Cap Rate 7%
$1,439,086
$1.4M
Cap Rate 9%
$1,119,289
$1.1M
Market Conditions
NOI Build-Up for 6,020 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
$183.5K $30.48/SF
− Vacancy
−$49.2K −$8.17/SF
EGI
$134.3K $22.31/SF
− OpEx
−$33.6K −$5.58/SF
NOI
$100.7K $16.73/SF
Area
League City, TX
Vacancy
26.80%
Lease Rate
$30.48 /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%
$2,014,720
Cap Rate 7%
$1,439,086
Cap Rate 9%
$1,119,289
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,736 @ 7.0% cap · market cap 7.20%
Second Best
Flex RnD
$882.8K
$772.4K – $1.03M
NOI $61,794 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,180 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77573, TX
95,256
Population
37,188
Households
2.6
Avg Household Size
37
Median Age
49%
College-Educated
96%
High-School Grad
29.8 sq mi
ZIP Area
3,197
Density / Sq Mi
$122,783
Median Household Income
$67,441
Median Earnings
$1,647
Median Rent
$342,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Includes a lobby, conference room, kitchen, private offices, bathroom, and substantial storage capacity.
Where is this flex space located?
The property is located at 1145 Butler Rd League City, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 6,020‑square‑foot flex property built in 2013; Office and warehouse configuration with lobby, conference room, kitchen, private offices, bathroom, and storage; Currently configured for video, marketing design, and photography studio operations
