For-Sale Office
For Sale
Contact for pricing
5902 Airline Drive, Houston, TX 77076
Well-sized office space available for purchase at 5902 Airline Drive.
Property Size1,764 SF
Price / SF$300.45
Days on Market53
Property Features for 5902 Airline Drive
General Information
Standard status
Active
Size
1,764 SF
Class
B
Property subtype
Office
Building Details
Year Built
1950
Listing Agency:
KW Commercial Houston - Professionals
(713) 594-1051
Listed By:
Carl Mattaliano · License #508705
Source:
Crexi
Added: Jun 22
Changed: Aug 12
Last Checked: Aug 10 at 11:30AM
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 KW Commercial Houston - Professionals
Investment Insights
Based on property information with market context.
This for-sale office space is offered as an ownership opportunity within a commercial real estate setting. The property’s documented size is 1,764 square feet, providing a compact footprint designed to support everyday business operations. It is positioned as office units and office spaces, making it suitable for professional use where a dedicated work environment matters.
The property is located at 5902 Airline Drive in Houston, TX 77076. It is being marketed for sale with a list price of $530,000. Beyond the address and sale details, no additional building features, unit configuration details, or upgrade information were provided.
For buyers seeking a manageable, self-contained office footprint, this property can fit a range of professional and administrative needs, such as office-based services, appointment-driven practices, and back-office operations. If you’re a tenant-buyer or an investor evaluating smaller office inventory, the size and office classification make it a practical option to consider. As with any office acquisition, prospective purchasers should confirm intended use, space layout, and any building or unit requirements during due diligence.
The property is located at 5902 Airline Drive in Houston, TX 77076. It is being marketed for sale with a list price of $530,000. Beyond the address and sale details, no additional building features, unit configuration details, or upgrade information were provided.
For buyers seeking a manageable, self-contained office footprint, this property can fit a range of professional and administrative needs, such as office-based services, appointment-driven practices, and back-office operations. If you’re a tenant-buyer or an investor evaluating smaller office inventory, the size and office classification make it a practical option to consider. As with any office acquisition, prospective purchasers should confirm intended use, space layout, and any building or unit requirements during due diligence.
Key Highlights
- Office space for purchase at 5902 Airline Drive
- Year built: 1950
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
$20,575
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
3.88%
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%
$411,500
$411.5K
Cap Rate 7%
$293,929
$293.9K
Cap Rate 9%
$228,611
$228.6K
Market Conditions
NOI Build-Up for 1,764 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
$38.1K $21.60/SF
− Vacancy
−$10.7K −$6.05/SF
EGI
$27.4K $15.55/SF
− OpEx
−$6.9K −$3.89/SF
NOI
$20.6K $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%
$411,500
Cap Rate 7%
$293,929
Cap Rate 9%
$228,611
Alternative Uses
Best Use
Office B
$293.9K
$257.2K – $342.9K
NOI $20,575 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 77076, TX
32,349
Population
10,650
Households
3
Avg Household Size
31
Median Age
6%
College-Educated
55%
High-School Grad
4.7 sq mi
ZIP Area
6,883
Density / Sq Mi
$39,895
Median Household Income
$26,809
Median Earnings
$1,151
Median Rent
$147,700
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 units - Well-sized office space available for purchase at 5902 Airline Drive.
Where is this office units located?
The property is located at 5902 Airline Drive Houston, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Office space for purchase at 5902 Airline Drive; Year built: 1950
