Cypress Commercial Building with
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20204 Schiel Rd, Cypress, TX 77433
10,000 SF metal building with climate-controlled space and storage.
Property Size10,000 SF
Price / SF$187.50
Days on Market706
Property Features for 20204 Schiel Rd
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial, Mixed Use, Retail, Self Storage, Special Purpose
Building Details
Year Built
2005
Buildings
2
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
O'Hara & Co Real Estate
Listed By:
Kevin Ohara · License #TX 401500
Source:
Crexi
Added: Oct 2, 2024
Changed: Aug 13
Last Checked: Sep 7 at 7:05AM
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 O'Hara & Co Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a metal building with approximately 10,000 square feet, including about 7,595 square feet of climate-controlled area. The climate-controlled spaces are finished with sheetrock, paint, and flooring. The property includes three and a half bathrooms. It has double entrances with median crossovers. Electrical service includes one 3-phase 400-amp service and one single-phase 400-amp service. A 30’x50’ metal storage building is located at the rear of the property. The site offers room for commercial frontage expansion, with a detention pond already in place.
Key Highlights
- Approximately 7,595 square feet of climate‑controlled space within a 10,000 square foot metal building.
- Double entrances with median crossovers for easy access.
- Includes both 3‑phase and single‑phase 400‑amp electrical service.
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
$127,500
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
6.80%
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%
$2,550,000
$2.6M
Cap Rate 7%
$1,821,429
$1.8M
Cap Rate 9%
$1,416,667
$1.4M
Market Conditions
NOI Build-Up for 10,000 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
$240.0K $24.00/SF
− Vacancy
−$36.0K −$3.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$76.5K −$7.65/SF
NOI
$127.5K $12.75/SF
Area
Harris County, TX
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,550,000
Cap Rate 7%
$1,821,429
Cap Rate 9%
$1,416,667
Alternative Uses
Best Use
Mixed Use
$1.82M
$1.59M – $2.13M
NOI $127,500 @ 7.0% cap · market cap 6.80%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,136 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 77433, TX
106,663
Population
34,420
Households
3.1
Avg Household Size
34
Median Age
52%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$137,348
Median Household Income
$64,583
Median Earnings
$1,904
Median Rent
$384,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 10,000 SF metal building with climate-controlled space and storage.
Where is this mixed-use property located?
The property is located at 20204 Schiel Rd Cypress, TX.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Approximately 7,595 square feet of climate‑controlled space within a 10,000 square foot metal building.; Double entrances with median crossovers for easy access.; Includes both 3‑phase and single‑phase 400‑amp electrical service.
