Flex Space with Office
For Sale
Contact for pricing
406 N WASHINGTON AVE, Cleveland, TX 77327
Commercial layout includes adaptable shop and warehouse areas alongside office space.
Property Size7,000 SF
Price / SF$99.99
Days on Market67
Property Features for 406 N WASHINGTON AVE
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail, Office, Industrial
Warehouse & Industrial
Warehouse Space
4,000 SF
Office Build-Out
800 SF
Building Details
Year Built
1982
Stories
1
Units
1
Listing Agency:
Cameron Real Estate
Listed By:
Ethan Cameron · License #TX
(832) 579-7713
Source:
Crexi
Added: Aug 24
Changed: Oct 25
Last Checked: Oct 28 at 7:11AM
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 Cameron Real Estate
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 space property at 406 N Washington Ave includes warehouse areas that can be combined to provide 4,000 square feet of shop and warehouse space. An additional 800-square-foot office area supports the overall commercial configuration. The property size is listed at 7,000 square feet, offering a combination of work and office areas within one asset. The Cleveland, TX location provides a defined address for commercial users seeking flex-oriented space.
Key Highlights
- 4,000 sq ft of combined shop and warehouse space
- 800 sq ft office space
- 7,000‑square‑foot property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,263
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,260
$865.3K
Cap Rate 7%
$618,043
$618.0K
Cap Rate 9%
$480,700
$480.7K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$54.3K $7.76/SF
− Vacancy
−$3.4K −$0.49/SF
EGI
$50.9K $7.27/SF
− OpEx
−$7.6K −$1.09/SF
NOI
$43.3K $6.18/SF
Area
Liberty County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,260
Cap Rate 7%
$618,043
Cap Rate 9%
$480,700
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.62M
NOI $97,422 @ 7.0% cap · market cap 13.92%
Second Best
Warehouse
$618.0K
$540.8K – $721.1K
NOI $43,263 @ 7.0% cap · market cap 6.18%
Theoretical Best
Multifamily LT 5
$78.48M
$68.67M – $91.56M
NOI $5,493,625 @ 7.0% cap · market cap 784.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
837
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77327, TX
32,269
Population
12,967
Households
2.5
Avg Household Size
33
Median Age
10%
College-Educated
75%
High-School Grad
339.1 sq mi
ZIP Area
95
Density / Sq Mi
$57,538
Median Household Income
$39,382
Median Earnings
$1,001
Median Rent
$144,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial layout includes adaptable shop and warehouse areas alongside office space.
Where is this flex space located?
The property is located at 406 N WASHINGTON AVE Cleveland, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 4,000 sq ft of combined shop and warehouse space; 800 sq ft office space; 7,000‑square‑foot property size
