Flex Building with Roll-Up
For Sale
Contact for pricing
306 PASADENA BLVD, Deer Park, TX 77536
Metal flex building offers a reception area, offices, open interior, and a large rear roll-up door.
Property Size5,400 SF
Price / SF$222.22
Days on Market57
Property Features for 306 PASADENA BLVD
General Information
Standard status
Active
Size
5,400 SF
Property subtype
RETAIL
Building Details
Construction
metal building with brick facade
Listing Agency:
Victory Properties, Inc.
(281) 479-6100
Listed By:
Troy Cothran · License #0336095
(281) 389-8801
Source:
Moodyscre
Added: Jul 14
Changed: Sep 2
Last Checked: Sep 8 at 9:37AM
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 Victory Properties, Inc.
Investment Insights
Based on property information with market context.
This metal building with brick facade is approximately 5,400 square feet and includes a large roll-up door in the rear. The front portion features a reception area with 2–3 offices, with a large open area in the middle of the building.
The property is currently used as a gym. Based on the existing layout and rear access, it could also be suitable for warehouse use or as a construction office.
The space is configured to support both public-facing entry through the reception area and functional back-of-house operations via the large roll-up door.
The property is currently used as a gym. Based on the existing layout and rear access, it could also be suitable for warehouse use or as a construction office.
The space is configured to support both public-facing entry through the reception area and functional back-of-house operations via the large roll-up door.
Key Highlights
- Approximately 5,400 SF metal building with a brick facade
- Large rear roll‑up door for loading and flexible use
- Front reception area with 2–3 offices
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
$56,226
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
4.69%
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%
$1,124,520
$1.1M
Cap Rate 7%
$803,229
$803.2K
Cap Rate 9%
$624,733
$624.7K
Market Conditions
NOI Build-Up for 5,400 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
$71.3K $13.20/SF
− Vacancy
−$5.1K −$0.95/SF
EGI
$66.1K $12.25/SF
− OpEx
−$9.9K −$1.84/SF
NOI
$56.2K $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 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%
$1,124,520
Cap Rate 7%
$803,229
Cap Rate 9%
$624,733
Alternative Uses
Best Use
Warehouse
$803.2K
$702.8K – $937.1K
NOI $56,226 @ 7.0% cap · market cap 4.69%
Second Best
Industrial
$661.5K
$578.8K – $771.7K
NOI $46,303 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.47M
$1.29M – $1.72M
NOI $103,213 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77536, TX
33,693
Population
12,086
Households
2.8
Avg Household Size
37
Median Age
26%
College-Educated
91%
High-School Grad
9.8 sq mi
ZIP Area
3,438
Density / Sq Mi
$96,297
Median Household Income
$49,817
Median Earnings
$1,344
Median Rent
$238,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- D&D Cafe Spot — 4005 Polk Ln, Deer Park, TX 77536
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Frequently Asked Questions
What type of property is this?
Flex space - Metal flex building offers a reception area, offices, open interior, and a large rear roll-up door.
Where is this flex space located?
The property is located at 306 PASADENA BLVD Deer Park, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approximately 5,400 SF metal building with a brick facade; Large rear roll‑up door for loading and flexible use; Front reception area with 2–3 offices
