Flex Space with Commercial
New
For Sale
Contact for pricing
26601 E River Rd, Splendora, TX 77372
Open-layout commercial property with high ceilings, office and storage areas, and an existing commercial kitchen.
Property Size4,000 SF
Lot Size1.42 Acres
Price / SF$200
Days on Market3
Property Features for 26601 E River Rd
General Information
Standard status
Active
Size
4,000 SF
Lot size
1.42 Acres
Property subtype
FLEX_R_AND_D
Additional Details
Furnished
Yes
Highway Access
Yes
Equipment Included
Yes
Amenities
office space
storage space
Building Details
Buildings
1
Building Size
4,000 SF
Listing Agency:
Premier Property Group
(936) 967-4546
Listed By:
Haley Jamison · License #0777689
(936) 239-4978
Source:
Moodyscre
Added: Sep 3
Changed: Sep 5
Last Checked: Sep 5 at 3:02PM
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 Premier Property Group
Investment Insights
Based on property information with market context.
This 4,000 SF flex property sits on approximately 1.42 acres and is currently arranged for restaurant operations. The building features an open interior, high ceilings, abundant natural light, office and storage areas, a dining room, service counter, commercial kitchen, and dedicated food-preparation space. Existing furniture, fixtures, equipment, and other personal property are included with the sale.
The site is positioned in an established commercial and industrial area of Splendora with convenient access to I-69. An asphalt parking area supports the existing use, while the building’s open configuration and combination of operational, office, and storage areas provide a practical foundation for continued restaurant occupancy or adaptation to another commercial use.
The site is positioned in an established commercial and industrial area of Splendora with convenient access to I-69. An asphalt parking area supports the existing use, while the building’s open configuration and combination of operational, office, and storage areas provide a practical foundation for continued restaurant occupancy or adaptation to another commercial use.
Key Highlights
- 4,000 SF commercial building on approximately 1.42 acres
- Convenient access to I‑69 in Splendora
- Open layout with high ceilings and abundant natural light
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
$70,687
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
8.84%
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%
$1,413,740
$1.4M
Cap Rate 7%
$1,009,814
$1.0M
Cap Rate 9%
$785,411
$785.4K
Market Conditions
NOI Build-Up for 4,000 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
$99.8K $24.96/SF
− Vacancy
−$5.6K −$1.40/SF
EGI
$94.2K $23.56/SF
− OpEx
−$23.6K −$5.89/SF
NOI
$70.7K $17.67/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$24.96 /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%
$1,413,740
Cap Rate 7%
$1,009,814
Cap Rate 9%
$785,411
Alternative Uses
Best Use
Specialty Retail
$1.01M
$883.6K – $1.18M
NOI $70,687 @ 7.0% cap · market cap 8.84%
Second Best
Industrial
$290.8K
$254.5K – $339.3K
NOI $20,359 @ 7.0% cap · market cap 2.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77372, TX
13,306
Population
4,779
Households
2.8
Avg Household Size
36
Median Age
12%
College-Educated
80%
High-School Grad
51.5 sq mi
ZIP Area
258
Density / Sq Mi
$78,601
Median Household Income
$38,263
Median Earnings
$1,226
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Open-layout commercial property with high ceilings, office and storage areas, and an existing commercial kitchen.
Where is this flex space located?
The property is located at 26601 E River Rd Splendora, TX.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,000 SF commercial building on approximately 1.42 acres; Convenient access to I‑69 in Splendora; Open layout with high ceilings and abundant natural light
