Flex Space with Office
299 Riley Fuzzel Rd, Spring, TX 77373
For Sale
Contact for pricing
A Class A office finish and substantial three-phase electrical service support single-user occupancy.
Property Size5,040 SF
Lot Size0.58 Acres
Price / SF$218.25
Days on Market42
Property Features for 299 Riley Fuzzel Rd
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Power
Voltage
Three-Phase Power
Additional Details
Highway Access
Property Use
Listing Agency:
Black Label Commercial Group
Listed By:
Beau Harris · License #TX 577566
(936) 523-0483
Source:
Crexi
Added: Sep 29
Changed: Nov 8
Last Checked: Nov 8 at 4:55PM
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 Black Label Commercial Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines approximately 5,040 SF of space with a Class A office build-out. The site covers approximately 0.5847 acres and is configured for one user, with 480V, 2,000-amp, three-phase power available.
Riley Fuzzel Road fronts the property. Hardy Toll Road is within 1 mile, while Grand Parkway (99) and I-45 are within 2 miles. Old Town Spring is minutes away.
Riley Fuzzel Road fronts the property. Hardy Toll Road is within 1 mile, while Grand Parkway (99) and I-45 are within 2 miles. Old Town Spring is minutes away.
Key Highlights
- Approximately 5,040 SF on approximately 0.5847 acres
- Class A office build‑out in a flex property
- 480V, 2,000‑amp, 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,477
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,540
$1.0M
Cap Rate 7%
$749,671
$749.7K
Cap Rate 9%
$583,078
$583.1K
Market Conditions
NOI Build-Up for 5,040 SF
Gross rent
$66.5K $13.20/SF
− Vacancy
−$4.8K −$0.95/SF
EGI
$61.7K $12.25/SF
− OpEx
−$9.3K −$1.84/SF
NOI
$52.5K $10.41/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,049,540
Cap Rate 7%
$749,671
Cap Rate 9%
$583,078
Alternative Uses
Best Use
Warehouse
$749.7K
$656.0K – $874.6K
NOI $52,477 @ 7.0% cap · market cap 4.77%
Second Best
Industrial
$617.4K
$540.2K – $720.3K
NOI $43,217 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,333 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77373, TX
63,413
Population
23,619
Households
2.7
Avg Household Size
34
Median Age
26%
College-Educated
88%
High-School Grad
23.8 sq mi
ZIP Area
2,664
Density / Sq Mi
$86,693
Median Household Income
$42,384
Median Earnings
$1,649
Median Rent
$221,400
Median Home Value
Market
Properties on Market for Flex space in Spring
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - A Class A office finish and substantial three-phase electrical service support single-user occupancy.
Where is this flex space located?
The property is located at 299 Riley Fuzzel Rd Spring, TX.
What is the asking price?
The asking price for this property is $1,099,999.
What are key features of this property?
This property features: Approximately 5,040 SF on approximately 0.5847 acres; Class A office build‑out in a flex property; 480V, 2,000‑amp, 3‑phase power
