Industrial Building with Office
For Sale
Contact for pricing
19111 Applecrest Way, Spring, TX 77388
4,925 SF industrial building with warehouse, office, and carport.
Property Size4,925 SF
Price / SF$96.45
Days on Market280
Property Features for 19111 Applecrest Way
General Information
Standard status
Active
Size
4,925 SF
Class
C
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Year Built
2010
Buildings
1
Listing Agency:
Sendero Group
Listed By:
Juan C. Sanchez · License #TX 520895
Source:
Crexi
Added: Nov 5, 2025
Changed: Aug 8
Last Checked: Aug 11 at 6:56PM
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 Group
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 = 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
$30,439
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
6.41%
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%
$608,780
$608.8K
Cap Rate 7%
$434,843
$434.8K
Cap Rate 9%
$338,211
$338.2K
Market Conditions
NOI Build-Up for 4,925 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
$38.2K $7.76/SF
− Vacancy
−$2.4K −$0.49/SF
EGI
$35.8K $7.27/SF
− OpEx
−$5.4K −$1.09/SF
NOI
$30.4K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$608,780
Cap Rate 7%
$434,843
Cap Rate 9%
$338,211
Alternative Uses
Best Use
Warehouse
$434.8K
$380.5K – $507.3K
NOI $30,439 @ 7.0% cap · market cap 6.41%
Second Best
Industrial
$358.1K
$313.3K – $417.8K
NOI $25,067 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $87,033 @ 7.0% cap · market cap 18.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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).
