Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Building Size 16,600 SF

Year Built 1979

Listing Agency: Frank Andrew Lenk III

Listed By: Frank Lenk Show Phone

Source: Livingvoguerealestate

Added: Oct 13 Changed: Oct 15 Last Checked: Oct 14 at 11:23PM

Report an Issue

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 Frank Andrew Lenk III

Investment Insights

Based on property information with market context.

This unrestricted mixed-use property includes multiple office spaces, a 40' x 70' showroom, and an 80' x 120' warehouse. Covered outdoor space and a stabilized parking area add to the site improvements. The property also has a private water well and septic system, and was built in 1979.

The 5+/- acre site at 5907 Spring Cypress Road in Spring, Texas, has over 630 feet of road frontage and six driveway entrances along Spring Cypress Road.

Key Highlights

• 5+/- acres with over 630' of road frontage on Spring Cypress Rd
• Six driveway entrances along Spring Cypress Rd
• 80'X120' warehouse and 40'X70' showroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$211,650

Cap Rate

7.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,233,000 $4.2M

Cap Rate 7%

$3,023,571 $3.0M

Cap Rate 9%

$2,351,667 $2.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,600 SF

Gross rent

$398.4K $24.00/SF

− Vacancy

−$59.8K −$3.60/SF

EGI

$338.6K $20.40/SF

− OpEx

−$127.0K −$7.65/SF

NOI

$211.7K $12.75/SF

Area

Harris County, TX

Vacancy

15.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,233,000

Cap Rate 7%

$3,023,571

Cap Rate 9%

$2,351,667

Alternative Uses

Best Use

Mixed Use

$3.02M

$2.65M – $3.53M (±1% cap)

NOI $211,650 @ 7.0% cap · market cap 7.17%

Second Best

Retail

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,238 @ 7.0% cap · market cap 6.69%

Theoretical Best

Office A

$4.53M

$3.97M – $5.29M (±1% cap)

NOI $317,286 @ 7.0% cap · market cap 10.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Eldridge Restoration General Contractor Eldridge Roofing & Solar, ... Roofing Company

Suggested Use

Top Pick Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

129

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

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Similar For Sale Nearby

See more

Wedding Venue with Freeway Frontage

25807 I-45, Spring, TX 77380

$3,950,000

View details

Industrial Flex Warehouse with Offices

136-190 Magic Oaks Dr, Spring, TX 77388

Contact for pricing

17,600 SF

View details

9,000 SF Warehouse For Sale

7315 Five Forks Dr, Spring, TX 77379

$1,600,000

9,000 SF

View details

Retail Space with Freeway Frontage

19211 NORTH FWY, Spring, TX 77388

Contact for pricing

14,202 SF

View details

Flex Space Property

5045 FM 2920, Spring, TX 77388

Contact for pricing

19,435 SF

View details

Warehouse with Dock-High Loading

1800 Meadow Edge Ln, Spring, TX 77388

Contact for pricing

21,000 SF

View details

Mixed-Use Property with Office and Warehouse

1231 Pruitt Road, Spring, TX 77380

$2,200,000

3,840 SF

View details

Versatile Multi-Structure Commercial Property

22831 Fritz Ln, Spring, TX 77389

Contact for pricing

11,620 SF

View details

Freestanding Office/Warehouse

23609 W Hardy Rd, Spring, TX 77373

Contact for pricing

29,965 SF

View details

Versatile Building on Expansive Land

00 Fritz Lane, Spring, TX 77389

$975,000

3,120 SF

View details

Warehouse Flex with Storefront

22426 Kuykendahl Rd, Spring, TX 77389

Contact for pricing

8,400 SF

View details

HVAC Flex Space with Yard

6814 Treaschwig Rd, Spring, TX 77373

Contact for pricing

8,000 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Office, showroom, warehouse, and covered outdoor areas form a versatile commercial property configuration.

Where is this mixed-use property located?

The property is located at 5907 Spring Cypress Road Spring, TX.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 5+/- acres with over 630' of road frontage on Spring Cypress Rd; Six driveway entrances along Spring Cypress Rd; 80'X120' warehouse and 40'X70' showroom