Two-Building Flex
For Sale
$299,730
22360 HWY 321, Cleveland, TX 77327
Single-story configuration pairs office space with warehouse, storage, or light industrial functionality.
Property Size2,000 SF
Lot Size1.01 Acres
Days on Market198
Property Features for 22360 HWY 321
General Information
Standard status
Active
Size
2,000 SF
Class
Class B
Lot size
1.01 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,000 SF
Year Built
2013
Buildings
2
Stories
1
Tenancy
Single
Listing Agency:
eXp Realty, LLC
Listed By:
Adam Olsen, CCIM · License #TX #0642075
(713) 614-2670
Source:
Thecommercialprofessionals
Added: Apr 3
Changed: Oct 15
Last Checked: Oct 16 at 6:39AM
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 eXp Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class B flex property includes two single-story buildings arranged for complementary commercial functions. The smaller structure is suited to office operations, while the larger building supports warehouse, storage, or light industrial use. The property is configured for single-tenant occupancy and can accommodate service, distribution, or contractor operations.
The site encompasses approximately 1.01 acres along State Highway 321 in Cleveland, with access to US Highway 59 and I-69. Its location provides connectivity toward Houston, Dayton, and other regional markets. The surrounding area includes ongoing residential and commercial development within Liberty County.
The site encompasses approximately 1.01 acres along State Highway 321 in Cleveland, with access to US Highway 59 and I-69. Its location provides connectivity toward Houston, Dayton, and other regional markets. The surrounding area includes ongoing residential and commercial development within Liberty County.
Key Highlights
- Two‑building layout with separate office and larger warehouse structures
- Approximately 1.01 acres along State Highway 321
- Constructed in 2013 and classified as a Class B asset
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,361
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$247,220
$247.2K
Cap Rate 7%
$176,586
$176.6K
Cap Rate 9%
$137,344
$137.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$15.5K $7.76/SF
− Vacancy
−$978 −$0.49/SF
EGI
$14.5K $7.27/SF
− OpEx
−$2.2K −$1.09/SF
NOI
$12.4K $6.18/SF
Area
Liberty 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 Rate 5%
$247,220
Cap Rate 7%
$176,586
Cap Rate 9%
$137,344
Alternative Uses
Best Use
Warehouse
$176.6K
$154.5K – $206.0K
NOI $12,361 @ 7.0% cap · market cap 4.12%
Second Best
Industrial
$145.4K
$127.3K – $169.7K
NOI $10,180 @ 7.0% cap · market cap 3.40%
Theoretical Best
Multifamily LT 5
$22.42M
$19.62M – $26.16M
NOI $1,569,607 @ 7.0% cap · market cap 523.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Single-story configuration pairs office space with warehouse, storage, or light industrial functionality.
Where is this flex space located?
The property is located at 22360 HWY 321 Cleveland, TX.
What is the asking price?
The asking price for this property is $299,730.
What are key features of this property?
This property features: Two‑building layout with separate office and larger warehouse structures; Approximately 1.01 acres along State Highway 321; Constructed in 2013 and classified as a Class B asset
