Flex Space with
For Sale
Contact for pricing
1707 Bernie Ave, Rosenberg, TX 77471
Insulated warehouse space is paired with individual offices, a conference room, and a breakroom.
Property Size7,400 SF
Lot Size1.00 Acre
Price / SF$162.16
Days on Market199
Property Features for 1707 Bernie Ave
General Information
Standard status
Active
Size
7,400 SF
Lot size
1.00 Acre
Property subtype
Industrial, Mixed Use, Office, Special Purpose
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
5,000 SF
Office Build-Out
2,400 SF
Power
100 amps
Three-Phase Power
No
Amenities
electric gate
alarm system
breakroom
conference room
private bathroom/shower
Building Details
Building Size
7,400 SF
Construction
insulated metal
Listing Agency:
Polished Dimes Real Estate, LLC
Listed By:
Polished Dimes Real Estate, LLC _ · License #TX 9008696
Source:
Crexi
Added: Feb 12
Changed: Aug 29
Last Checked: Aug 29 at 2:17PM
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 Polished Dimes Real Estate, LLC
Investment Insights
Based on property information with market context.
This 7,400-square-foot flex property combines a 5,000-square-foot warehouse with 2,400 square feet of office space on 1 acre. The insulated metal warehouse measures 50 by 100 feet and has single-phase electrical service with 100-amp service lines run for a compressor. A 1.25-inch water line, alarm system, fencing, and an electric gate are also included.
The office component provides five individual offices, including one 12-by-12-foot office with a private bathroom and shower. Additional improvements include a 13-by-17-foot conference room, kitchen and breakroom areas, and storage space. The property offers nearby access to I-69, local businesses, and the Fort Bend County EPICENTER.
The office component provides five individual offices, including one 12-by-12-foot office with a private bathroom and shower. Additional improvements include a 13-by-17-foot conference room, kitchen and breakroom areas, and storage space. The property offers nearby access to I-69, local businesses, and the Fort Bend County EPICENTER.
Key Highlights
- 7,400‑square‑foot building on 1 acre
- 5,000‑square‑foot, 50x100 insulated metal warehouse
- 2,400 square feet of office space with 5 individual offices
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
$102,989
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
8.58%
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%
$2,059,780
$2.1M
Cap Rate 7%
$1,471,271
$1.5M
Cap Rate 9%
$1,144,322
$1.1M
Market Conditions
NOI Build-Up for 7,400 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
$189.1K $25.56/SF
− Vacancy
−$51.8K −$7.00/SF
EGI
$137.3K $18.56/SF
− OpEx
−$34.3K −$4.64/SF
NOI
$103.0K $13.92/SF
Area
Fort Bend County, TX
Vacancy
27.40%
Lease Rate
$25.56 /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%
$2,059,780
Cap Rate 7%
$1,471,271
Cap Rate 9%
$1,144,322
Alternative Uses
Best Use
Office B
$1.47M
$1.29M – $1.72M
NOI $102,989 @ 7.0% cap · market cap 8.58%
Second Best
Warehouse
$653.4K
$571.7K – $762.3K
NOI $45,735 @ 7.0% cap · market cap 3.81%
Theoretical Best
Multifamily LT 5
$92.19M
$80.66M – $107.55M
NOI $6,453,014 @ 7.0% cap · market cap 537.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77471, TX
42,284
Population
17,618
Households
2.4
Avg Household Size
34
Median Age
22%
College-Educated
86%
High-School Grad
98.2 sq mi
ZIP Area
431
Density / Sq Mi
$71,018
Median Household Income
$39,349
Median Earnings
$1,320
Median Rent
$235,000
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 - Insulated warehouse space is paired with individual offices, a conference room, and a breakroom.
Where is this flex space located?
The property is located at 1707 Bernie Ave Rosenberg, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7,400‑square‑foot building on 1 acre; 5,000‑square‑foot, 50x100 insulated metal warehouse; 2,400 square feet of office space with 5 individual offices
