Mixed-Use Property on Rayford
For Sale
Contact for pricing
409 Rayford Rd, Spring, TX 77386
Mixed-use property available for sale on Rayford Road.
Property Size5,030 SF
Price / SF$238.57
Days on Market709
Property Features for 409 Rayford Rd
General Information
Standard status
Active
Size
5,030 SF
Property subtype
Mixed Use, Multifamily, Office
Building Details
Year Built
1999
Listing Agency:
Riverstone Companies LLC
(979) 431-4400
Listed By:
Jim Jones · License #545598
Source:
Crexi
Added: Aug 21, 2024
Changed: Jul 6
Last Checked: Jul 30 at 7:12AM
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 Riverstone Companies LLC
Investment Insights
Based on property information with market context.
This mixed-use property is located on Rayford Road. The property offers a total size of 5030 square feet and is available for sale.
Key Highlights
- Mixed‑Use Property
- Located on Rayford Road
- Built in 1999
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $100.8k | $20.04 |
| − Vacancy | −$22.2k | −$4.41 |
| EGI | $78.6k | $15.63 |
| − OpEx | −$19.7k | −$3.91 |
| NOI | $59.0k | $11.72 |
5,030 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,969 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.9K
NOI $52,851 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,889 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
413
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
Properties on Market for Mixed-use properties in Montgomery County
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property available for sale on Rayford Road.
Where is this mixed-use property located?
The property is located at 409 Rayford Rd Spring, 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: Mixed‑Use Property; Located on Rayford Road; Built in 1999
