Move-In Ready Office
For Sale
Contact for pricing
23309 Kuykendahl Road, Tomball, TX 77375
2022-built office building features modern finishes, new HVAC, and flexible layouts across two suites.
Property Size6,300 SF
Price / SF$380.16
Days on Market124
Property Features for 23309 Kuykendahl Road
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Office
Investment Type
Owner/User
Additional Details
Office Units
2
Building Details
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Commercial Advisors Group
Listed By:
Patrick Buckhoff, CCIM · License #TX 9005284
(832) 560-2100
Source:
Crexi
Added: May 6
Changed: Aug 31
Last Checked: Aug 29 at 8:23AM
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 RE/MAX Commercial Advisors Group
Investment Insights
Based on property information with market context.
This 2022-built office building provides 6,300 SF of flexible, move-in ready workspace with new HVAC, modern finishes, and no deferred maintenance. The 5,043 SF main suite includes fifteen private offices, two team rooms, a training room, a reception lobby, kitchen, two restrooms, and storage, with the ability to adapt for private offices, collaborative work areas, or meeting and team-based space.
A separate 1,257 SF suite includes its own south-side entrance, creating added flexibility for split occupancy and potential rental income, with a possible seller leaseback opportunity.
SBA 504 financing is available for the purchase.
A separate 1,257 SF suite includes its own south-side entrance, creating added flexibility for split occupancy and potential rental income, with a possible seller leaseback opportunity.
SBA 504 financing is available for the purchase.
Key Highlights
- 2022‑built office building with 6,300 SF of flexible, move‑in ready workspace
- New HVAC and modern finishes with no deferred maintenance reported
- 5,043 SF main suite with 15 private offices plus team rooms, training room, reception, kitchen, 2 restrooms, and storage
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
$82,519
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
3.45%
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%
$1,650,380
$1.7M
Cap Rate 7%
$1,178,843
$1.2M
Cap Rate 9%
$916,878
$916.9K
Market Conditions
NOI Build-Up for 6,300 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
$145.2K $23.04/SF
− Vacancy
−$35.1K −$5.58/SF
EGI
$110.0K $17.46/SF
− OpEx
−$27.5K −$4.37/SF
NOI
$82.5K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
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%
$1,650,380
Cap Rate 7%
$1,178,843
Cap Rate 9%
$916,878
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,519 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,416 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 77375, TX
65,365
Population
25,452
Households
2.6
Avg Household Size
34
Median Age
41%
College-Educated
92%
High-School Grad
35.2 sq mi
ZIP Area
1,857
Density / Sq Mi
$95,813
Median Household Income
$57,735
Median Earnings
$1,495
Median Rent
$287,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 2022-built office building features modern finishes, new HVAC, and flexible layouts across two suites.
Where is this office building located?
The property is located at 23309 Kuykendahl Road Tomball, TX.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 2022‑built office building with 6,300 SF of flexible, move‑in ready workspace; New HVAC and modern finishes with no deferred maintenance reported; 5,043 SF main suite with 15 private offices plus team rooms, training room, reception, kitchen, 2 restrooms, and storage
