Air-Conditioned Flex
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For Sale
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630 KENTUCKY ST, South Houston, TX 77587
Commercial flex property combining private offices with an open work and production area.
Property Size4,000 SF
Price / SF$124.98
Days on Market7
Property Features for 630 KENTUCKY ST
General Information
Standard status
Active
Size
4,000 SF
Class
C
Total Parking Spaces
25
Property subtype
Office, Mixed Use, Special Purpose
Zoning
Commercial
Investment Type
Owner/User
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
1
Listing Agency:
Ramos Realty Group
(713) 480-2440
Listed By:
Juan Ramos · License #Texas 9016824
Source:
Crexi
Added: Aug 25
Changed: Aug 31
Last Checked: Aug 31 at 8:43AM
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 Ramos Realty Group
Investment Insights
Based on property information with market context.
This 4,000-square-foot flex building combines fully air-conditioned office and work areas within a durable metal structure. The interior includes multiple private offices, reception areas, a kitchen, three bathrooms, storage and vault space, multiple entrances, and a large open area previously used for production. Approximately 8-foot ceilings support the existing configuration, while concrete loading and access areas extend the functional workspace outside. A covered canopy provides additional sheltered space, and the fenced area adds controlled exterior utility.
Located at 630 Kentucky Street in South Houston, the property offers access to I-45, with routes toward Downtown Houston, major employment centers, Galveston, and the Gulf Coast. The building’s existing office, production, storage, and exterior features support a range of commercial operations without relying on a single interior format.
Located at 630 Kentucky Street in South Houston, the property offers access to I-45, with routes toward Downtown Houston, major employment centers, Galveston, and the Gulf Coast. The building’s existing office, production, storage, and exterior features support a range of commercial operations without relying on a single interior format.
Key Highlights
- 4,000‑square‑foot commercial flex building
- Entire building is air‑conditioned
- Large open work and production area with multiple private offices
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
$34,299
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
6.86%
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%
$685,980
$686.0K
Cap Rate 7%
$489,986
$490.0K
Cap Rate 9%
$381,100
$381.1K
Market Conditions
NOI Build-Up for 4,000 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
$52.8K $13.20/SF
− Vacancy
−$3.8K −$0.95/SF
EGI
$49.0K $12.25/SF
− OpEx
−$14.7K −$3.67/SF
NOI
$34.3K $8.57/SF
Area
Harris County, TX
Vacancy
7.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$685,980
Cap Rate 7%
$489,986
Cap Rate 9%
$381,100
Alternative Uses
Best Use
Industrial
$490.0K
$428.7K – $571.7K
NOI $34,299 @ 7.0% cap · market cap 6.86%
Second Best
Flex RnD
$271.5K
$237.5K – $316.7K
NOI $19,002 @ 7.0% cap · market cap 3.80%
Theoretical Best
Office A
$1.09M
$955.7K – $1.27M
NOI $76,454 @ 7.0% cap · market cap 15.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
836
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77587, TX
16,179
Population
5,549
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
60%
High-School Grad
3.1 sq mi
ZIP Area
5,219
Density / Sq Mi
$52,407
Median Household Income
$30,669
Median Earnings
$1,174
Median Rent
$177,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial flex property combining private offices with an open work and production area.
Where is this flex space located?
The property is located at 630 KENTUCKY ST South Houston, TX.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 4,000‑square‑foot commercial flex building; Entire building is air‑conditioned; Large open work and production area with multiple private offices
