Flex Space with Warehouse
603 Commerce St Clute, TX 77531
603 Commerce St, Clute, TX, 77531
Contact for pricing
For Sale
Contact for pricing
Flex space offering multiple units with private office, restroom, and large bay doors plus an additional warehouse area.
Property Size9,800 SF
Price / SF$58.67
Days on Market129
Property Features for 603 Commerce St
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Property subtype
- Industrial, Mixed Use, Office
Building Details
- Year Built
- 1991
Listing agency
Birdsong Real Estate
(979) 292-6205
Listed by
RYAN BIRDSONG · License #522256
Source
Crexi
Added: Mar 17 Updated: Jul 23 at 12:52AM Checked: Jul 23 at 12:52AM
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 Birdsong Real Estate
Investment Insights
Based on property information with market context.
This flex space property is configured as four separate units, each with a private office, restroom, and two large bay doors. In addition, the site includes a 5,000-square-foot warehouse area. The property is described as move-in ready.
The offering is located in a desirable industrial area at 603 Commerce St in Clute, Texas. Public remarks note plenty of parking and easy access to major roads.
Overall, the improvements support contractor and service-oriented layouts, combining office accommodations with warehouse bay access across multiple units.
The offering is located in a desirable industrial area at 603 Commerce St in Clute, Texas. Public remarks note plenty of parking and easy access to major roads.
Overall, the improvements support contractor and service-oriented layouts, combining office accommodations with warehouse bay access across multiple units.
Key Highlights
- Year built 1991 flex space in an industrial area
- Configured with 4 units of approximately 1,400 SF each, with one private office, restroom, and two large bay doors per unit
- Includes a 5,000 SF warehouse area
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.8k | $8.04 |
| − Vacancy | −$6.7k | −$0.68 |
| EGI | $72.1k | $7.36 |
| − OpEx | −$21.6k | −$2.21 |
| NOI | $50.5k | $5.15 |
9,800 SF · lease $8.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.34M
$2.05M – $2.73M
NOI $163,608 @ 7.0% cap · market cap 28.45%
Second Best
Warehouse
$875.4K
$766.0K – $1.02M
NOI $61,280 @ 7.0% cap · market cap 10.66%
Theoretical Best
Multifamily LT 5
$122.08M
$106.82M – $142.43M
NOI $8,545,883 @ 7.0% cap · market cap 1,486.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Flex space offering multiple units with private office, restroom, and large bay doors plus an additional warehouse area.
Where is this flex space located?
The property is located at 603 Commerce St Clute, TX.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Year built 1991 flex space in an industrial area; Configured with 4 units of approximately 1,400 SF each, with one private office, restroom, and two large bay doors per unit; Includes a 5,000 SF warehouse area
