Freestanding Flex Building with
For Sale
Contact for pricing
Pending
231 N Twin City Hwy, Nederland, TX 77627
Office improvements and rear warehouse space create a versatile commercial configuration.
Property Size5,175 SF
Days on Market541
Property Features for 231 N Twin City Hwy
General Information
Standard status
Pending
Size
5,175 SF
Class
A
Total Parking Spaces
13
Property subtype
Industrial, Office
Investment Type
Owner/User
Amenities
Reception area
Conference room
Kitchen/Breakroom
Building Details
Buildings
1
Stories
1
Units
1
Building Size
5,175 SF
Listing Agency:
Coldwell Banker Commercial Arnold and Associates
(409) 833-5055
Listed By:
Debbie Cowart · License #TX
Source:
Crexi
Added: Mar 7, 2025
Changed: Aug 30
Last Checked: Aug 30 at 6:21AM
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 Coldwell Banker Commercial Arnold and Associates
Investment Insights
Based on property information with market context.
This 5,175-square-foot freestanding flex property combines a substantially finished office component with warehouse space at the rear. The office layout includes a reception area, guest restroom, conference room, multiple offices, and a full kitchen or breakroom. Interior finishes include wood flooring, low-pile carpeting, beveled glass doors, rounded corners, and spotlighting.
The warehouse is divided into two sections and includes a loft for light storage, an insulated roof deck, an overhead crane, and a restroom. One section has a 10-foot overhead door with 13- to 14-foot height, while the other has a 16-foot overhead door and an 18-foot eave. The property provides 13 designated parking spaces in the existing field, with additional parking in front and along the sides. It is positioned one block from Boston Avenue and next to the commercial development known as Off Boston.
The warehouse is divided into two sections and includes a loft for light storage, an insulated roof deck, an overhead crane, and a restroom. One section has a 10-foot overhead door with 13- to 14-foot height, while the other has a 16-foot overhead door and an 18-foot eave. The property provides 13 designated parking spaces in the existing field, with additional parking in front and along the sides. It is positioned one block from Boston Avenue and next to the commercial development known as Off Boston.
Key Highlights
- 5,175 SF freestanding flex building with office and warehouse components
- Warehouse has two sections, a light‑storage loft, insulated roof deck, and overhead crane
- 10' overhead door with 13' - 14' height in warehouse Section 1
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
$43,449
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
7.43%
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%
$868,980
$869.0K
Cap Rate 7%
$620,700
$620.7K
Cap Rate 9%
$482,767
$482.8K
Market Conditions
NOI Build-Up for 5,175 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
$71.4K $13.80/SF
− Vacancy
−$4.6K −$0.88/SF
EGI
$66.8K $12.92/SF
− OpEx
−$23.4K −$4.52/SF
NOI
$43.4K $8.40/SF
Area
Jefferson County, TX
Vacancy
6.40%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
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%
$868,980
Cap Rate 7%
$620,700
Cap Rate 9%
$482,767
Alternative Uses
Best Use
Office B
$996.3K
$871.7K – $1.16M
NOI $69,739 @ 7.0% cap · market cap 11.92%
Second Best
Flex RnD
$620.7K
$543.1K – $724.2K
NOI $43,449 @ 7.0% cap · market cap 7.43%
Theoretical Best
Multifamily LT 5
$58.14M
$50.88M – $67.83M
NOI $4,070,031 @ 7.0% cap · market cap 695.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77627, TX
23,296
Population
9,970
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
93%
High-School Grad
13.2 sq mi
ZIP Area
1,765
Density / Sq Mi
$75,778
Median Household Income
$51,556
Median Earnings
$1,364
Median Rent
$201,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Office improvements and rear warehouse space create a versatile commercial configuration.
Where is this flex space located?
The property is located at 231 N Twin City Hwy Nederland, TX.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: 5,175 SF freestanding flex building with office and warehouse components; Warehouse has two sections, a light‑storage loft, insulated roof deck, and overhead crane; 10' overhead door with 13' - 14' height in warehouse Section 1
