Industrial Building with Office
19111 Applecrest Way, Spring, TX 77388
For Sale
$475,000
4,925 SF industrial building with warehouse, office, and carport.
Property Size4,925 SF
Price / SF$96.45
Days on Market231
Property Features for 19111 Applecrest Way
General Information
Standard status
Size
Property subtype
Listing Agency:
Sendero Real Estate
Listed By:
Juan Sanchez · License TX #0520895
(832) 876-7097
Source:
Poprealty
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 7 at 1:40PM
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 Sendero Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,925 SF industrial building features a 4,200 SF warehouse and a 725 SF office, complemented by a 1,500 SF carport. Situated in the Spring/Klein area, near the intersection of Kuykendahl & Spring Cypress, the property is 3.5 miles from I-45 and 4 miles from 99/Grand Pkwy. The property is suitable for an owner-user with an auto or industrial services business, or for an investor seeking a below-replacement cost investment.
Key Highlights
- 4,925 SF industrial building with warehouse and office space.
- Located in the heart of Spring/Klein near Kuykendahl & Spring Cypress.
- Convenient access to I‑45 (3.5 miles) and 99/Grand Pkwy (4 miles).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,230
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$844,600
$844.6K
Cap Rate 7%
$603,286
$603.3K
Cap Rate 9%
$469,222
$469.2K
Market Conditions
NOI Build-Up for 4,925 SF
Gross rent
$65.0K $13.20/SF
− Vacancy
−$4.7K −$0.95/SF
EGI
$60.3K $12.25/SF
− OpEx
−$18.1K −$3.67/SF
NOI
$42.2K $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 Rate 5%
$844,600
Cap Rate 7%
$603,286
Cap Rate 9%
$469,222
Alternative Uses
Best Use
Industrial
$603.3K
$527.9K – $703.8K
NOI $42,230 @ 7.0% cap · market cap 8.89%
Second Best
Flex RnD
$334.2K
$292.5K – $390.0K
NOI $23,397 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,134 @ 7.0% cap · market cap 19.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Spring
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- El Norteño (Food Truck) — 19255 Kuykendahl Rd, Spring, TX 77379
Frequently Asked Questions
What type of property is this?
Flex space - 4,925 SF industrial building with warehouse, office, and carport.
Where is this flex space located?
The property is located at 19111 Applecrest Way Spring, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 4,925 SF industrial building with warehouse and office space.; Located in the heart of Spring/Klein near Kuykendahl & Spring Cypress.; Convenient access to I‑45 (3.5 miles) and 99/Grand Pkwy (4 miles).
