Two-Building Office
For Sale
$995,000
3800 & 3750 Hopper Rd, Houston, TX 77093
Office asset combining available space with an occupied building and direct access to major Houston thoroughfares.
Property Size7,245 SF
Price / SF$137.34
Days on Market46
Property Features for 3800 & 3750 Hopper Rd
General Information
Standard status
Active
Size
7,245 SF
Class
Unclassified
Property subtype
industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Buildings
2
Tenancy
Multi
Properties For Sale
at 3800 & 3750 Hopper Rd Contact us- Floor
- Bldg 1 & Bldg 2
- Size
- 7,245 SF
- Type
- Industrial
- Term
- Negotiable
- Availability
- Immediate
Available Space
Listing Agency:
Houston
(713) 385-2737
Listed By:
Ben Sample · License #707293
(713) 385-2737
Source:
Property.jll
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 30 at 1:07PM
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 Houston
Investment Insights
Based on property information with market context.
This office property comprises two buildings totaling 7,425 square feet at 3800 and 3750 Hopper Rd. The 3800 Hopper Rd building contains 4,800 square feet of vacant office space. The 3750 Hopper Rd building contributes 2,625 square feet and is occupied under a lease with two years remaining.
The property is in northeast Houston with access to Eastex Freeway and other major thoroughfares. Utilities are already in place. The site is located in the 100-year flood area.
The property is in northeast Houston with access to Eastex Freeway and other major thoroughfares. Utilities are already in place. The site is located in the 100-year flood area.
Key Highlights
- Two‑building office property totaling 7,425 SF
- 3800 Hopper Rd: 4,800 SF of vacant office space
- 3750 Hopper Rd: 2,625 SF occupied with 2 years remaining
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
$84,506
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
8.49%
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%
$1,690,120
$1.7M
Cap Rate 7%
$1,207,229
$1.2M
Cap Rate 9%
$938,956
$939.0K
Market Conditions
NOI Build-Up for 7,245 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
$156.5K $21.60/SF
− Vacancy
−$43.8K −$6.05/SF
EGI
$112.7K $15.55/SF
− OpEx
−$28.2K −$3.89/SF
NOI
$84.5K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /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%
$1,690,120
Cap Rate 7%
$1,207,229
Cap Rate 9%
$938,956
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,506 @ 7.0% cap · market cap 8.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Explore this area
Business Placement
Demographics for 77093, TX
47,736
Population
14,671
Households
3.3
Avg Household Size
31
Median Age
5%
College-Educated
51%
High-School Grad
12.0 sq mi
ZIP Area
3,978
Density / Sq Mi
$41,958
Median Household Income
$28,493
Median Earnings
$1,102
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Office in Houston, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office asset combining available space with an occupied building and direct access to major Houston thoroughfares.
Where is this office building located?
The property is located at 3800 & 3750 Hopper Rd Houston, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑building office property totaling 7,425 SF; 3800 Hopper Rd: 4,800 SF of vacant office space; 3750 Hopper Rd: 2,625 SF occupied with 2 years remaining
