Mixed-Use Property with
New
For Sale
$2,950,000
5907 Spring Cypress Road, Spring, TX 77379
Office, showroom, warehouse, and covered outdoor areas form a versatile commercial property configuration.
Property Size16,600 SF
Lot Size5.00 Acres
Days on Market3
Property Features for 5907 Spring Cypress Road
General Information
Standard status
Active
Size
16,600 SF
Lot size
5.00 Acres
Property subtype
Country Homes/Acreage
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Warehouse Space
9,600 SF
Taxes and HOA fees
Annual Taxes
$32,891
Building Details
Building Size
16,600 SF
Year Built
1979
Listing Agency:
Frank Andrew Lenk III
Listed By:
Frank Lenk
(713) 385-3801
Source:
Livingvoguerealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 14 at 11:23PM
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.
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
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
NOI $211,650 @ 7.0% cap · market cap 7.17%
Second Best
Retail
$2.82M
$2.47M – $3.29M
NOI $197,238 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$4.53M
$3.97M – $5.29M
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
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
