Fully Leased Multi-Tenant Warehouse
For Sale
Contact for pricing
17946 Cypress Rosehill Rd, Cypress, TX 77429
Two 2022-built multi-tenant warehouse buildings total 14,875 SF, fully leased with unitized configurations.
Property Size14,875 SF
Price / SF$229.93
Days on Market143
Property Features for 17946 Cypress Rosehill Rd
General Information
Standard status
Active
Size
14,875 SF
Property subtype
Office, Industrial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$246,255
Additional Details
Business Included
Yes
Highway Access
Yes
Office Units
10
Building Details
Year Built
2022
Buildings
2
Units
9
Tenancy
Multi
Listing Agency:
Clark Gaines Properties
Listed By:
Justin Clark · License #609429
(713) 322-2200
Source:
Crexi
Added: Apr 16
Changed: Aug 14
Last Checked: Aug 29 at 5:57PM
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 offering includes (2) fully leased multi-tenant warehouse buildings totaling 14,875 SF, constructed in 2022. The first property is Building 2, totaling 5,075 SF and configured into (5) 1,015 SF units with (5) tenants. The second property is Building 4, totaling 9,800 SF and configured into (5) 1,980 SF units with (4) tenants.
Both buildings are located in a professional business park setting at 17946 Cypress Rosehill Rd and 17950 Cypress Rosehill Rd in Cypress, TX. The public remarks note convenient proximity to Grand Parkway, approximately 1.5 miles away. The seller will sell the buildings individually.
Annual NOI is stated in the remarks as $82,641.31 for Building 2 and $163,614 for Building 4. Each building is presented as 100% leased based on the provided information.
Both buildings are located in a professional business park setting at 17946 Cypress Rosehill Rd and 17950 Cypress Rosehill Rd in Cypress, TX. The public remarks note convenient proximity to Grand Parkway, approximately 1.5 miles away. The seller will sell the buildings individually.
Annual NOI is stated in the remarks as $82,641.31 for Building 2 and $163,614 for Building 4. Each building is presented as 100% leased based on the provided information.
Key Highlights
- Two fully leased multi‑tenant buildings totaling 14,875 SF built in 2022
- 17946 Cypress Rosehill (Building 2): 5,075 SF, configured into five 1,015 SF units; 100% leased across 5 tenants
- 17946 Cypress Rosehill (Building 2): annual NOI of $82,641.31; listed price $1,147,797
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
$127,549
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
3.73%
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%
$2,550,980
$2.6M
Cap Rate 7%
$1,822,129
$1.8M
Cap Rate 9%
$1,417,211
$1.4M
Market Conditions
NOI Build-Up for 14,875 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
$196.4K $13.20/SF
− Vacancy
−$14.1K −$0.95/SF
EGI
$182.2K $12.25/SF
− OpEx
−$54.7K −$3.67/SF
NOI
$127.5K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,550,980
Cap Rate 7%
$1,822,129
Cap Rate 9%
$1,417,211
Alternative Uses
Best Use
Industrial
$1.82M
$1.59M – $2.13M
NOI $127,549 @ 7.0% cap · market cap 3.73%
Second Best
Flex RnD
$1.01M
$883.3K – $1.18M
NOI $70,665 @ 7.0% cap · market cap 2.07%
Theoretical Best
Office A
$4.06M
$3.55M – $4.74M
NOI $284,315 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
10
Office units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Two 2022-built multi-tenant warehouse buildings total 14,875 SF, fully leased with unitized configurations.
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 $3,420,213.
What are key features of this property?
This property features: Two fully leased multi‑tenant buildings totaling 14,875 SF built in 2022; 17946 Cypress Rosehill (Building 2): 5,075 SF, configured into five 1,015 SF units; 100% leased across 5 tenants; 17946 Cypress Rosehill (Building 2): annual NOI of $82,641.31; listed price $1,147,797
