Freestanding Office with
For Sale
Contact for pricing
11821 Telge Road, Cypress, TX 77429
Office property on 6.11 acres with prime frontage along Telge Road and highway access to major Houston routes.
Property Size13,280 SF
Lot Size6.11 Acres
Price / SF$278.61
Days on Market97
Property Features for 11821 Telge Road
General Information
Standard status
Active
Size
13,280 SF
Class
A
Total Parking Spaces
54
Lot size
6.11 Acres
Property subtype
Office, Mixed Use
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2000
Year Renovated
2018
Buildings
2
Units
54
Listing Agency:
Coldwell Banker Apex Realtors College Station
Listed By:
Cherry Ruffino · License #TX
(979) 846-8400
Source:
Crexi
Added: Jun 1
Changed: Aug 16
Last Checked: Aug 29 at 11:06PM
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 Coldwell Banker Apex Realtors College Station
Investment Insights
Based on property information with market context.
11821 Telge Road is a freestanding commercial office property offering 13,280 square feet of existing office improvements on 6.11 acres. The site combines usable land with in-place space, supporting an owner-occupant who wants immediate functionality alongside room to plan for future parking, expansion, or redevelopment options.
The property is located on highly traveled Telge Road in Cypress, Texas, providing strong roadside exposure. Access is described as convenient to Highway 290 and SH 99/Grand Parkway, supporting connectivity for employees, visitors, and clients.
This asset is positioned for professional office, medical office, educational, institutional, or other owner-occupied business uses, based on the property’s stated suitability and existing office buildout. For buyers evaluating the site’s flexibility, the combination of acreage, frontage, and immediate improvements supports a range of operational needs while keeping future development options open.
The property is located on highly traveled Telge Road in Cypress, Texas, providing strong roadside exposure. Access is described as convenient to Highway 290 and SH 99/Grand Parkway, supporting connectivity for employees, visitors, and clients.
This asset is positioned for professional office, medical office, educational, institutional, or other owner-occupied business uses, based on the property’s stated suitability and existing office buildout. For buyers evaluating the site’s flexibility, the combination of acreage, frontage, and immediate improvements supports a range of operational needs while keeping future development options open.
Key Highlights
- Office/commercial property built in 2000 on 6.11 acres with 13,280 SF of office space
- Highly traveled frontage along Telge Road in Cypress, TX
- Convenient access to Highway 290 and SH 99/Grand Parkway
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
$208,795
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
5.64%
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%
$4,175,900
$4.2M
Cap Rate 7%
$2,982,786
$3.0M
Cap Rate 9%
$2,319,944
$2.3M
Market Conditions
NOI Build-Up for 13,280 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
$408.0K $30.72/SF
− Vacancy
−$60.0K −$4.52/SF
EGI
$348.0K $26.20/SF
− OpEx
−$139.2K −$10.48/SF
NOI
$208.8K $15.72/SF
Area
Harris County, TX
Vacancy
14.70%
Lease Rate
$30.72 /SF/Yr
Expense Ratio
40.00%
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%
$4,175,900
Cap Rate 7%
$2,982,786
Cap Rate 9%
$2,319,944
Alternative Uses
Best Use
Healthcare Medical
$2.98M
$2.61M – $3.48M
NOI $208,795 @ 7.0% cap · market cap 5.64%
Second Best
Office B
$2.48M
$2.17M – $2.90M
NOI $173,945 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,829 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property on 6.11 acres with prime frontage along Telge Road and highway access to major Houston routes.
Where is this office building located?
The property is located at 11821 Telge Road Cypress, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Office/commercial property built in 2000 on 6.11 acres with 13,280 SF of office space; Highly traveled frontage along Telge Road in Cypress, TX; Convenient access to Highway 290 and SH 99/Grand Parkway
