Office Suite with Warehouse
For Sale
Contact for pricing
13000 Schroeder Rd, Houston, TX 77070
Office suite with warehouse, storage, and fenced yard.
Property Size1,600 SF
Price / SF$343.75
Days on Market163
Property Features for 13000 Schroeder Rd
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Industrial, Mixed Use, Office
Zoning
Commercial
Building Details
Year Built
1993
Buildings
1
Stories
2
Listing Agency:
Better Homes and Gardens Real Estate Gary Greene - Cypress
(832) 334-0001
Listed By:
Velvet Harris · License #522754
Source:
Crexi
Added: Mar 2
Changed: Aug 8
Last Checked: Aug 11 at 3:23PM
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 Better Homes and Gardens Real Estate Gary Greene - Cypress
Investment Insights
Based on property information with market context.
This property features an office suite with two offices, a bathroom, a break room, and a waiting area. The interior has been repainted and new flooring has been added. Splitters have been recently installed in both offices for air conditioning and heat. The warehouse area includes stairs to an upper storage space. The property has both front and back roll-up doors. The back of the property features a covered exterior area with access along the side of the building. The property is fenced and equipped with an alarm system. It offers visibility from the feeder road and provides access to Highway 249 in both north and south directions. The property size is 1600 square feet.
Key Highlights
- Highway 249 Access: Convenient access to both North and South bound lanes.
- Dedicated office space featuring 2 offices, bathroom, break room, and waiting area.
- Warehouse with Storage: Includes stairs to upper storage space.
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
$18,662
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
3.39%
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%
$373,240
$373.2K
Cap Rate 7%
$266,600
$266.6K
Cap Rate 9%
$207,356
$207.4K
Market Conditions
NOI Build-Up for 1,600 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
$34.6K $21.60/SF
− Vacancy
−$9.7K −$6.05/SF
EGI
$24.9K $15.55/SF
− OpEx
−$6.2K −$3.89/SF
NOI
$18.7K $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%
$373,240
Cap Rate 7%
$266,600
Cap Rate 9%
$207,356
Alternative Uses
Best Use
Office B
$266.6K
$233.3K – $311.0K
NOI $18,662 @ 7.0% cap · market cap 3.39%
Second Best
Flex RnD
$238.0K
$208.3K – $277.7K
NOI $16,661 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$411.4K
$360.0K – $480.0K
NOI $28,800 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77070, TX
52,943
Population
23,272
Households
2.3
Avg Household Size
36
Median Age
38%
College-Educated
91%
High-School Grad
13.0 sq mi
ZIP Area
4,073
Density / Sq Mi
$72,440
Median Household Income
$44,073
Median Earnings
$1,571
Median Rent
$264,300
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?
Flex space - Office suite with warehouse, storage, and fenced yard.
Where is this flex space located?
The property is located at 13000 Schroeder Rd Houston, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Highway 249 Access: Convenient access to both North and South bound lanes.; Dedicated office space featuring 2 offices, bathroom, break room, and waiting area.; Warehouse with Storage: Includes stairs to upper storage space.
