Office Building with Pylon
For Sale
Contact for pricing
2809 North Highway 69, Nederland, TX 77627
Professional office space offers prominent signage and convenient approach from either direction.
Property Size2,871 SF
Lot Size0.54 Acres
Price / SF$174.16
Days on Market27
Property Features for 2809 North Highway 69
General Information
Standard status
Active
Size
2,871 SF
Lot size
0.54 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
pylon signage
Building Details
Buildings
1
Building Size
2,871 SF
Listing Agency:
J M Prewitt Company
Listed By:
J. MILTON PREWITT, SIOR · License #391133
Source:
Crexi
Added: Aug 11
Changed: Sep 5
Last Checked: Sep 5 at 2:45PM
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 J M Prewitt Company
Investment Insights
Based on property information with market context.
This 2,871-square-foot office building occupies 0.54 acres at 2809 North Highway 69 at Bourque Road in Nederland, Texas. The property includes finished interior office space and pylon signage, with an established commercial presentation suited to professional operations.
Highway 69 provides access from both northbound and southbound directions. The property is positioned for construction services, engineering, human resources, professional services, and sales uses, subject to applicable requirements.
Highway 69 provides access from both northbound and southbound directions. The property is positioned for construction services, engineering, human resources, professional services, and sales uses, subject to applicable requirements.
Key Highlights
- 2,871‑square‑foot office building on 0.54 acres
- Pylon signage included
- Located at 2809 North Highway 69 at Bourque Road
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
$38,690
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
7.74%
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%
$773,800
$773.8K
Cap Rate 7%
$552,714
$552.7K
Cap Rate 9%
$429,889
$429.9K
Market Conditions
NOI Build-Up for 2,871 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
$58.2K $20.28/SF
− Vacancy
−$6.6K −$2.31/SF
EGI
$51.6K $17.97/SF
− OpEx
−$12.9K −$4.49/SF
NOI
$38.7K $13.48/SF
Area
Jefferson County, TX
Vacancy
11.40%
Lease Rate
$20.28 /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%
$773,800
Cap Rate 7%
$552,714
Cap Rate 9%
$429,889
Alternative Uses
Best Use
Office B
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$32.26M
$28.22M – $37.63M
NOI $2,257,982 @ 7.0% cap · market cap 451.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
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?
Office building - Professional office space offers prominent signage and convenient approach from either direction.
Where is this office building located?
The property is located at 2809 North Highway 69 Nederland, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,871‑square‑foot office building on 0.54 acres; Pylon signage included; Located at 2809 North Highway 69 at Bourque Road
