Multi-Tenant Buildings in Business
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17946 Cypress Rosehill Rd, Cypress, TX
Three fully leased buildings in a professional business park setting.
Property Size5,075 SF
Lot Size6.55 Acres
Price / SF$221.14
Days on Market623
Property Features for 17946 Cypress Rosehill Rd
General Information
Standard status
Active
Size
5,075 SF
Lot size
6.55 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Clark Gaines Properties
(713) 322-2200
Listed By:
Tyler Reagor
(832) 633-3555
Source:
Moodyscre
Added: Dec 30, 2024
Changed: Sep 2
Last Checked: Sep 13 at 4:14AM
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 Clark Gaines Properties
Investment Insights
Based on property information with market context.
This property features three fully leased multi-tenant buildings totaling 20,125 square feet. Constructed in 2022, the buildings are situated in a professional business park setting. The location is conveniently located approximately 1.5 miles from Grand Parkway. The property offers flex space, industrial properties, and warehouse space. The buildings can be purchased individually. The property size is 5,075 square feet.
Key Highlights
- Fully leased multi‑tenant buildings totaling 20,125 SF
- 2022 Construction
- Professional business park setting
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
$52,842
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
4.71%
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%
$1,056,840
$1.1M
Cap Rate 7%
$754,886
$754.9K
Cap Rate 9%
$587,133
$587.1K
Market Conditions
NOI Build-Up for 5,075 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
$67.0K $13.20/SF
− Vacancy
−$4.8K −$0.95/SF
EGI
$62.2K $12.25/SF
− OpEx
−$9.3K −$1.84/SF
NOI
$52.8K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$1,056,840
Cap Rate 7%
$754,886
Cap Rate 9%
$587,133
Alternative Uses
Best Use
Warehouse
$754.9K
$660.5K – $880.7K
NOI $52,842 @ 7.0% cap · market cap 4.71%
Second Best
Industrial
$621.7K
$544.0K – $725.3K
NOI $43,517 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,002 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Three fully leased buildings in a professional business park setting.
Where is this flex space located?
The property is located at 17946 Cypress Rosehill Rd Cypress, TX.
What is the asking price?
The asking price for this property is $1,122,300.
What are key features of this property?
This property features: Fully leased multi‑tenant buildings totaling 20,125 SF; 2022 Construction; Professional business park setting
