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Two-Building Flex Space Portfolio
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22219 Mueschke Road, Tomball, TX 77377

Two industrial buildings combine office and warehouse space with grade-level overhead doors.

Property Size11,200 SF
Price / SF$176.70
Days on Market100

Property Features for 22219 Mueschke Road

General Information

Standard status Active
Size 11,200 SF
Property subtype Industrial
Zoning Commercial
Occupancy 50%
Lease Type NNN

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Building Details

Buildings 2
Tenancy Multi
Building Size 11,200 SF
Owner Occupied No
Listing Agency: Cross Capital Realty
Listed By: Vicky Cedillo · License #607705
Source: Crexi
Added: Jul 7 Changed: Oct 9 Last Checked: Oct 12 at 6:09PM

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 Cross Capital Realty

Investment Insights

Based on property information with market context.

This flex space portfolio includes two industrial buildings totaling 11,200 SF, with each building measuring 5,600 SF. The property is 50% occupied and includes a combination of office and warehouse areas, grade-level overhead doors, individual utilities, and ample parking. Available shell space supports continued leasing or owner occupancy within the existing improvements. The site is zoned Commercial.

The buildings are located at 22219 and 22235 Mueschke Road in Tomball, Texas, within Mueschke Business Park. Access is provided to Mueschke Road, SH 249, Grand Parkway (99), and FM 2920, placing the portfolio within the Northwest Houston commercial market. The current configuration accommodates both occupied space and additional suites for future use.

With 50% occupancy across the two-building portfolio, the property combines existing tenancy with available space for an owner-user or additional leasing activity.

Key Highlights

  • Two‑building flex space portfolio totaling 11,200 SF
  • Each building contains 5,600 SF
  • 50% occupied with available shell space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$116,616
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,332,320 $2.3M
Cap Rate 7%
$1,665,943 $1.7M
Cap Rate 9%
$1,295,733 $1.3M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$147.8K $13.20/SF
− Vacancy
−$10.6K −$0.95/SF
EGI
$137.2K $12.25/SF
− OpEx
−$20.6K −$1.84/SF
NOI
$116.6K $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%
$2,332,320
Cap Rate 7%
$1,665,943
Cap Rate 9%
$1,295,733

Alternative Uses

Best Use
Warehouse
$1.67M
$1.46M – $1.94M (±1% cap)
NOI $116,616 @ 7.0% cap · market cap 5.89%
Second Best
Industrial
$1.37M
$1.20M – $1.60M (±1% cap)
NOI $96,037 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M (±1% cap)
NOI $214,072 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Building Supply HVAC Service Electrical Service Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

94
Businesses Nearby
Well-served
Demand for This Use

Demographics for 77377, TX

39,711
Population
13,625
Households
2.9
Avg Household Size
37
Median Age
46%
College-Educated
93%
High-School Grad
35.2 sq mi
ZIP Area
1,128
Density / Sq Mi
$123,015
Median Household Income
$66,548
Median Earnings
$1,676
Median Rent
$352,000
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Two industrial buildings combine office and warehouse space with grade-level overhead doors.
Where is this flex space located?
The property is located at 22219 Mueschke Road Tomball, TX.
What is the asking price?
The asking price for this property is $1,979,066.
What are key features of this property?
This property features: Two‑building flex space portfolio totaling 11,200 SF; Each building contains 5,600 SF; 50% occupied with available shell space
More about this property
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