Corner Office
For Sale
Contact for pricing
5521 Louetta Rd Suite A, Spring, TX 77379
Single-story suite with upgraded finishes, natural light, lake views, and access to an established office park.
Property Size675 SF
Price / SF$259.26
Days on Market10
Property Features for 5521 Louetta Rd Suite A
General Information
Standard status
Active
Size
675 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
upgraded lighting
water features
professional signage
Building Details
Year Built
2012
Stories
1
Listing Agency:
AIM Commercial Brokerage
Listed By:
Amythyst Manning · License #9004265
(832) 792-2000
Source:
Crexi
Added: Sep 10
Changed: Sep 16
Last Checked: Sep 19 at 7:49AM
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 AIM Commercial Brokerage
Investment Insights
Based on property information with market context.
This 675-square-foot corner office condominium is located within The Palms Office Condominiums at 5521 Louetta Rd, Suite A. The single-story suite features a professional layout, upgraded finishes, abundant natural light, and views of the property’s lake. The office park includes 15 buildings, ample parking, enhanced lighting, water features, and professional signage.
The property is positioned in the Spring-Klein business corridor, 4.4 miles from 45 North, 5.3 miles from SH 249, and 4.5 miles from Grand Parkway Hwy 99. The office condominium park was established in 2007, with buildings built up in 2012, and is surrounded by neighborhoods and retail businesses.
The property is positioned in the Spring-Klein business corridor, 4.4 miles from 45 North, 5.3 miles from SH 249, and 4.5 miles from Grand Parkway Hwy 99. The office condominium park was established in 2007, with buildings built up in 2012, and is surrounded by neighborhoods and retail businesses.
Key Highlights
- 675 SF corner office condominium
- Single‑story suite with upgraded finishes and abundant natural light
- Lake views from the office suite
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
$7,913
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
4.52%
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%
$158,260
$158.3K
Cap Rate 7%
$113,043
$113.0K
Cap Rate 9%
$87,922
$87.9K
Market Conditions
NOI Build-Up for 675 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
$13.5K $20.04/SF
− Vacancy
−$3.0K −$4.41/SF
EGI
$10.6K $15.63/SF
− OpEx
−$2.6K −$3.91/SF
NOI
$7.9K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /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%
$158,260
Cap Rate 7%
$113,043
Cap Rate 9%
$87,922
Alternative Uses
Best Use
Office B
$113.0K
$98.9K – $131.9K
NOI $7,913 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$170.4K
$149.1K – $198.8K
NOI $11,928 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 77379, TX
84,704
Population
30,004
Households
2.8
Avg Household Size
38
Median Age
49%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
3,283
Density / Sq Mi
$110,712
Median Household Income
$58,474
Median Earnings
$1,618
Median Rent
$335,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Single-story suite with upgraded finishes, natural light, lake views, and access to an established office park.
Where is this office units located?
The property is located at 5521 Louetta Rd Suite A Spring, TX.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 675 SF corner office condominium; Single‑story suite with upgraded finishes and abundant natural light; Lake views from the office suite
