Freestanding Office and Retail
For Sale
Contact for pricing
4211 Spring Cypress Road, Spring, TX 77388
Updated commercial building with frontage for office, retail, small-business, or private-office use.
Property Size2,000 SF
Price / SF$199.50
Days on Market14
Property Features for 4211 Spring Cypress Road
General Information
Standard status
Active
Size
2,000 SF
Class
B
Total Parking Spaces
10
Property subtype
Office, Mixed Use, Special Purpose
Additional Details
Road Access
Yes
Building Details
Year Built
1983
Year Renovated
2014
Buildings
1
Units
1
Listing Agency:
The Lokey Group
(832) 612-1810
Listed By:
Daniel Lokey · License #TX 747231
Source:
Crexi
Added: Jul 29
Changed: Aug 11
Last Checked: Aug 10 at 9:30AM
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 The Lokey Group
Investment Insights
Based on property information with market context.
This freestanding mixed-use building offers approximately 2,000 square feet configured for professional office or retail operations. Constructed in 1983, the property has received updates and has been maintained for continued commercial use. Its layout can accommodate a small business, private office, or customer-facing retail operation.
The building is located at 4211 Spring Cypress Road in Spring, with frontage along a major thoroughfare and exposure in a high-traffic area. The combination of office and retail functionality provides flexibility for an owner-user seeking a standalone commercial property.
The building is located at 4211 Spring Cypress Road in Spring, with frontage along a major thoroughfare and exposure in a high-traffic area. The combination of office and retail functionality provides flexibility for an owner-user seeking a standalone commercial property.
Key Highlights
- Approximately 2,000 SF of office and retail space
- Freestanding commercial building with frontage on Spring Cypress Road
- Built in 1983 with updates and ongoing maintenance
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
$27,119
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
6.80%
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%
$542,380
$542.4K
Cap Rate 7%
$387,414
$387.4K
Cap Rate 9%
$301,322
$301.3K
Market Conditions
NOI Build-Up for 2,000 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
$41.0K $20.52/SF
− Vacancy
−$2.3K −$1.15/SF
EGI
$38.7K $19.37/SF
− OpEx
−$11.6K −$5.81/SF
NOI
$27.1K $13.56/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
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%
$542,380
Cap Rate 7%
$387,414
Cap Rate 9%
$301,322
Alternative Uses
Best Use
Retail
$387.4K
$339.0K – $452.0K
NOI $27,119 @ 7.0% cap · market cap 6.80%
Second Best
Office B
$335.0K
$293.1K – $390.8K
NOI $23,447 @ 7.0% cap · market cap 5.88%
Theoretical Best
Specialty Retail
$504.9K
$441.8K – $589.1K
NOI $35,343 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 77388, TX
51,483
Population
18,924
Households
2.7
Avg Household Size
37
Median Age
34%
College-Educated
92%
High-School Grad
13.4 sq mi
ZIP Area
3,842
Density / Sq Mi
$101,588
Median Household Income
$53,925
Median Earnings
$1,809
Median Rent
$264,600
Median Home Value
Market
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 - Updated commercial building with frontage for office, retail, small-business, or private-office use.
Where is this mixed-use property located?
The property is located at 4211 Spring Cypress Road Spring, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 2,000 SF of office and retail space; Freestanding commercial building with frontage on Spring Cypress Road; Built in 1983 with updates and ongoing maintenance
