Custom-Built Office
For Sale
Contact for pricing
17844 Mound Road, Cypress, TX 77433
Efficient office suite with private rooms, integrated storage, and a dedicated reception area.
Property Size922 SF
Price / SF$339.48
Days on Market15
Property Features for 17844 Mound Road
General Information
Standard status
Active
Size
922 SF
Class
B
Property subtype
Office
Additional Details
Furnished
Yes
Office Units
1
Building Details
Year Built
2024
Buildings
7
Tenancy
Multi
Listing Agency:
PAT NAVARETTE
Listed By:
Mike Navarette - CCIM · License #TX #697577
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 12 at 12:19PM
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 PAT NAVARETTE
Investment Insights
Based on property information with market context.
This 922-square-foot office condominium, built in 2024, combines a practical workspace plan with a detailed custom interior. The suite includes a reception and waiting area, four private offices, an attached flex office with built-in workstation, and a glass partition separating public and private areas. Custom cabinetry, integrated storage, and additional built-in work surfaces extend throughout the space. The break area features granite counters, cabinetry, a sink, microwave niche, and under-counter refrigerator. Luxury vinyl plank flooring, crown molding, recessed LED lighting, and an ADA-compliant restroom complete the finish package.
The property is located at 17844 Mound Road in Cypress, Texas, within a 2024 office condominium building. An additional window in the rear office brings natural light to that workspace.
The property is located at 17844 Mound Road in Cypress, Texas, within a 2024 office condominium building. An additional window in the rear office brings natural light to that workspace.
Key Highlights
- 922 SF office condominium
- Built in 2024
- Four private offices plus an attached flex office
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
$12,077
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
3.86%
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%
$241,540
$241.5K
Cap Rate 7%
$172,529
$172.5K
Cap Rate 9%
$134,189
$134.2K
Market Conditions
NOI Build-Up for 922 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
$21.2K $23.04/SF
− Vacancy
−$5.1K −$5.58/SF
EGI
$16.1K $17.46/SF
− OpEx
−$4.0K −$4.37/SF
NOI
$12.1K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /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%
$241,540
Cap Rate 7%
$172,529
Cap Rate 9%
$134,189
Alternative Uses
Best Use
Office B
$172.5K
$151.0K – $201.3K
NOI $12,077 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.8K
$220.3K – $293.7K
NOI $17,623 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
Explore this area
Business Placement
Demographics for 77433, TX
106,663
Population
34,420
Households
3.1
Avg Household Size
34
Median Age
52%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$137,348
Median Household Income
$64,583
Median Earnings
$1,904
Median Rent
$384,400
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 units - Efficient office suite with private rooms, integrated storage, and a dedicated reception area.
Where is this office units located?
The property is located at 17844 Mound Road Cypress, TX.
What is the asking price?
The asking price for this property is $313,000.
What are key features of this property?
This property features: 922 SF office condominium; Built in 2024; Four private offices plus an attached flex office
