Flex Space with Grade-Level
For Sale
Contact for pricing
17977 Shaw Rd Bldg E, Cypress, TX 77429
Office-warehouse flex property includes grade-level loading and vacant shell-condition space.
Property Size10,075 SF
Price / SF$182.31
Days on Market9
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
Additional Details
Drive-In Doors
6
Building Details
Buildings
1
Tenancy
Multi
Building Size
10,075 SF
Listing Agency:
Clark Gaines Properties
(713) 322-2200
Listed By:
Justin Clark · License #609429
Source:
Crexi
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 4 at 2:15PM
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.
Building E is a 10,075-square-foot flex property combining office and warehouse functions. The building includes six grade-level overhead doors, each measuring 14 feet high by 12 feet wide. A portion of the property is leased, while the available area remains in shell condition for future occupancy or build-out.
The property is located at 17977 Shaw Road in Cypress, Texas, within the 249 Corridor. Current occupancy is 66%, and the leased portion reflects a 7.2 cap rate.
The property is located at 17977 Shaw Road in Cypress, Texas, within the 249 Corridor. Current occupancy is 66%, and the leased portion reflects a 7.2 cap rate.
Key Highlights
- 10,075 SF office warehouse building
- Six 14' H x 12' W grade‑level overhead doors
- Currently 66% leased
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.1k | $23.04 |
| − Vacancy | −$56.2k | −$5.58 |
| EGI | $176.0k | $17.46 |
| − OpEx | −$44.0k | −$4.37 |
| NOI | $132.0k | $13.10 |
10,075 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
NOI $131,965 @ 7.0% cap · market cap 7.18%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,903 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.75M
$2.41M – $3.21M
NOI $192,570 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Drive-in doors
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
Market
Properties on Market for Flex space in Harris County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office-warehouse flex property includes grade-level loading and vacant shell-condition space.
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 $1,836,800.
What are key features of this property?
This property features: 10,075 SF office warehouse building; Six 14' H x 12' W grade‑level overhead doors; Currently 66% leased
