New Industrial Flex
For Sale
Contact for pricing
17977 Shaw Rd Bldg E, Cypress, TX 77429
New 2024 delivery flex warehouse shell with six 14’ x 12’ grade level overhead doors.
Property Size10,075 SF
Price / SF$192.32
Days on Market85
Property Features for 17977 Shaw Rd Bldg E
General Information
Standard status
Active
Size
10,075 SF
Property subtype
Industrial
Occupancy
66%
Investment Type
Stabilized
Net Operating Income
$95,962
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Clark Gaines Properties
Listed By:
Justin Clark · License #609429
(713) 322-2200
Source:
Crexi
Added: Jul 27
Changed: Oct 16
Last Checked: Oct 19 at 7:30AM
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
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Investment Insights
Based on property information with market context.
New construction slated for 2024 Q1 delivery. The facility is delivered in shell condition with office to suit, and includes spaces ranging from 1,680 SF to 10,075 SF. The warehouse features (6) 14’ H x 12’ W grade level overhead doors, supporting straightforward loading and distribution needs.
Set within a business park setting, the property is conveniently located minutes from SH 249 and Grand Parkway, offering practical regional access for day-to-day operations.
This offering is best suited for users seeking a newly delivered industrial flex/warehouse building where office improvements can be tailored after delivery.
Set within a business park setting, the property is conveniently located minutes from SH 249 and Grand Parkway, offering practical regional access for day-to-day operations.
This offering is best suited for users seeking a newly delivered industrial flex/warehouse building where office improvements can be tailored after delivery.
Key Highlights
- New construction with 2024 Q1 delivery
- Flex warehouse shell delivered in shell condition (office to suit)
- Available spaces range from 1,680 SF to 10,075 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,903
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,098,060
$2.1M
Cap Rate 7%
$1,498,614
$1.5M
Cap Rate 9%
$1,165,589
$1.2M
Market Conditions
NOI Build-Up for 10,075 SF
Gross rent
$133.0K $13.20/SF
− Vacancy
−$9.6K −$0.95/SF
EGI
$123.4K $12.25/SF
− OpEx
−$18.5K −$1.84/SF
NOI
$104.9K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,098,060
Cap Rate 7%
$1,498,614
Cap Rate 9%
$1,165,589
Alternative Uses
Best Use
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,903 @ 7.0% cap · market cap 5.41%
Second Best
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,390 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,570 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - New 2024 delivery flex warehouse shell with six 14’ x 12’ grade level overhead doors.
Where is this flex space located?
The property is located at 17977 Shaw Rd Bldg E Cypress, TX.
What is the asking price?
The asking price for this property is $1,937,600.
What are key features of this property?
This property features: New construction with 2024 Q1 delivery; Flex warehouse shell delivered in shell condition (office to suit); Available spaces range from 1,680 SF to 10,075 SF
