Standalone Office Building with Secure
For Sale
$987,500
29519 West Hawthorne Drive, Spring, TX 77386
Remodeled standalone office on a fully fenced, gated site with digital access control and a separate storage building.
Property Size5,131 SF
Lot Size0.88 Acres
Price / SF$192.46
Days on Market26
Property Features for 29519 West Hawthorne Drive
General Information
Standard status
Active
Size
5,131 SF
Lot size
0.88 Acres
Property subtype
Mixed Use
Additional Details
Highway Access
Yes
Amenities
digital access control
fully fenced and gated
on-site parking
Standalone commercial office building
Fully fenced and gated site
Digital access control
Separate storage building
Ample on-site parking
No use restrictions
Outside the flood plain
Renovated in 2019–2020
Building Details
Building Size
5,131 SF
Year Renovated
2020
Buildings
2
Listing Agency:
RE/MAX Commercial Advisors Group
(281) 686-9445
Listed By:
Patrick Buckhoff · License #9005284
(281) 686-9445
Source:
Remaxcommercial
Added: Jul 29
Changed: Aug 23
Last Checked: Aug 23 at 11:48AM
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.
Standalone office building designed for secure, efficient business operations, with digital access control and on-site parking. The property includes a separate storage building for equipment, records, or other operational needs. The site is fully fenced and gated, supporting controlled access for day-to-day administration and operations.
The office is listed as 5,131 SF and is described as unrestricted, providing flexibility for an owner-user or office tenant seeking a headquarters, operations center, or training facility. The property is noted as having been fully remodeled in 2019–2020 and is positioned outside the flood plain.
Access to major transportation corridors is described as close by, including approximately 2 minutes to Rayford Road, 6 minutes to Interstate 45, 7 minutes to Grand Parkway (SH 99), and 9 minutes to Hardy Toll Road.
The office is listed as 5,131 SF and is described as unrestricted, providing flexibility for an owner-user or office tenant seeking a headquarters, operations center, or training facility. The property is noted as having been fully remodeled in 2019–2020 and is positioned outside the flood plain.
Access to major transportation corridors is described as close by, including approximately 2 minutes to Rayford Road, 6 minutes to Interstate 45, 7 minutes to Grand Parkway (SH 99), and 9 minutes to Hardy Toll Road.
Key Highlights
- 5,131 SF standalone office building
- Fully fenced and gated site with digital access control
- Separate storage building on‑site
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
$60,153
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
6.09%
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%
$1,203,060
$1.2M
Cap Rate 7%
$859,329
$859.3K
Cap Rate 9%
$668,367
$668.4K
Market Conditions
NOI Build-Up for 5,131 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
$102.8K $20.04/SF
− Vacancy
−$22.6K −$4.41/SF
EGI
$80.2K $15.63/SF
− OpEx
−$20.1K −$3.91/SF
NOI
$60.2K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /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%
$1,203,060
Cap Rate 7%
$859,329
Cap Rate 9%
$668,367
Alternative Uses
Best Use
Office B
$859.3K
$751.9K – $1.00M
NOI $60,153 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.30M
$1.13M – $1.51M
NOI $90,673 @ 7.0% cap · market cap 9.18%
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
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 77386, TX
66,058
Population
22,778
Households
2.9
Avg Household Size
34
Median Age
49%
College-Educated
95%
High-School Grad
40.8 sq mi
ZIP Area
1,619
Density / Sq Mi
$130,094
Median Household Income
$66,481
Median Earnings
$1,878
Median Rent
$346,300
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 - Remodeled standalone office on a fully fenced, gated site with digital access control and a separate storage building.
Where is this office building located?
The property is located at 29519 West Hawthorne Drive Spring, TX.
What is the asking price?
The asking price for this property is $987,500.
What are key features of this property?
This property features: 5,131 SF standalone office building; Fully fenced and gated site with digital access control; Separate storage building on‑site
