Flex Space with Office
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For Sale
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650 S Aston Dr, Sunnyvale, TX 75182
Versatile flex property pairing substantial office improvements with warehouse-oriented features and loading access.
Property Size18,400 SF
Lot Size1.60 Acres
Price / SF$179.35
Days on Market5
Property Features for 650 S Aston Dr
General Information
Standard status
Active
Size
18,400 SF
Lot size
1.60 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
7,715 SF
Dock-High Doors
1
Drive-In Doors
2
Building Details
Buildings
1
Building Size
18,400 SF
Listing Agency:
The Jackson Company
(214) 244-4424
Listed By:
David Jackson · License #0276047
(214) 244-4424
Source:
Moodyscre
Added: Aug 11
Changed: Aug 14
Last Checked: Aug 14 at 10:33AM
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 The Jackson Company
Investment Insights
Based on property information with market context.
Located at 650 S Aston Dr in Sunnyvale, this flex property contains 18,400 square feet within a 1.6-acre site. The building includes 7,715 square feet of office area, representing 42% of the total building size, with the balance supporting warehouse or industrial functions. A 16-foot clear height accommodates a range of operational requirements.
Loading is provided by 2 grade-level doors and 1 dock door, giving the property multiple points for receiving and shipping. The listed improvements do not include the cell tower.
Loading is provided by 2 grade-level doors and 1 dock door, giving the property multiple points for receiving and shipping. The listed improvements do not include the cell tower.
Key Highlights
- 18,400‑square‑foot flex building on a 1.6‑acre site
- 7,715 square feet of office space, equal to 42% of the building
- 16’ clear height
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
$260,820
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
7.90%
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%
$5,216,400
$5.2M
Cap Rate 7%
$3,726,000
$3.7M
Cap Rate 9%
$2,898,000
$2.9M
Market Conditions
NOI Build-Up for 18,400 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
$463.7K $25.20/SF
− Vacancy
−$115.9K −$6.30/SF
EGI
$347.8K $18.90/SF
− OpEx
−$86.9K −$4.73/SF
NOI
$260.8K $14.17/SF
Area
Dallas County, TX
Vacancy
25.00%
Lease Rate
$25.20 /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%
$5,216,400
Cap Rate 7%
$3,726,000
Cap Rate 9%
$2,898,000
Alternative Uses
Best Use
Office B
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 7.90%
Second Best
Warehouse
$1.65M
$1.45M – $1.93M
NOI $115,821 @ 7.0% cap · market cap 3.51%
Theoretical Best
Multifamily LT 5
$220.55M
$192.99M – $257.31M
NOI $15,438,805 @ 7.0% cap · market cap 467.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 75182, TX
7,806
Population
2,722
Households
2.9
Avg Household Size
40
Median Age
56%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
439
Density / Sq Mi
$157,500
Median Household Income
$61,969
Median Earnings
$1,216
Median Rent
$540,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Versatile flex property pairing substantial office improvements with warehouse-oriented features and loading access.
Where is this flex space located?
The property is located at 650 S Aston Dr Sunnyvale, TX.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 18,400‑square‑foot flex building on a 1.6‑acre site; 7,715 square feet of office space, equal to 42% of the building; 16’ clear height
