Office-Warehouse
655-695 Industrial Blvd, Sugar Land, TX 77478
For Sale
New
Contact for pricing
A corporate-style headquarters layout combines finished office areas with three warehouse bays and a net-leased suite.
Property Size26,647 SF
Lot Size2.12 Acres
Price / SF$200
Days on Market5
Property Features for 655-695 Industrial Blvd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Warehouse & Industrial
Clear Span
Dock-High Doors
Drive-In Doors
Sprinkler System
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Road Access
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Parking Ratio
Owner Occupied
Listing Agency:
CBRE
Listed By:
Kevin Holland · License TX #548193
(713) 417-1835
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:02PM
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 CBRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 26,647-square-foot office and warehouse building sits on approximately 2.12 acres and was constructed in 2001 with concrete tilt-wall. Finished office space includes private offices, conference rooms, break and data rooms, and reception areas. Three clear-span warehouse bays are served by four grade-level drive-in doors and one truck well. Wet-pipe fire suppression is present. The building has 3.15 parking spaces per 1,000 square feet, with paved yard and circulation areas around it.
At closing, 19,379 square feet, or 72.7% of the building, will be vacant. The remaining 7,268 square feet in Suite 695 is subject to a net lease that transfers with the property; the tenant reimburses its pro rata share of taxes, insurance, and common-area maintenance.
The property fronts Industrial Boulevard in Sugar Land. Sugar Land Regional Airport is a ten-minute drive, while the Energy Corridor, Texas Medical Center, and downtown Houston are approximately twenty-five, twenty-nine, and thirty-five minutes away, respectively.
At closing, 19,379 square feet, or 72.7% of the building, will be vacant. The remaining 7,268 square feet in Suite 695 is subject to a net lease that transfers with the property; the tenant reimburses its pro rata share of taxes, insurance, and common-area maintenance.
The property fronts Industrial Boulevard in Sugar Land. Sugar Land Regional Airport is a ten-minute drive, while the Energy Corridor, Texas Medical Center, and downtown Houston are approximately twenty-five, twenty-nine, and thirty-five minutes away, respectively.
Key Highlights
- 19,379 square feet available at closing, representing 72.7% of the 26,647‑square‑foot building
- Suite 695 contains 7,268 square feet under a transferable net lease
- Three clear‑span warehouse bays with four grade‑level drive‑in doors and one truck well
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$323,761
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,475,220
$6.5M
Cap Rate 7%
$4,625,157
$4.6M
Cap Rate 9%
$3,597,344
$3.6M
Market Conditions
NOI Build-Up for 26,647 SF
Gross rent
$575.6K $21.60/SF
− Vacancy
−$57.6K −$2.16/SF
EGI
$518.0K $19.44/SF
− OpEx
−$194.3K −$7.29/SF
NOI
$323.8K $12.15/SF
Area
Sugar Land, TX
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,475,220
Cap Rate 7%
$4,625,157
Cap Rate 9%
$3,597,344
Alternative Uses
Best Use
Mixed Use
$4.63M
$4.05M – $5.40M
NOI $323,761 @ 7.0% cap · market cap 6.07%
Second Best
Warehouse
$4.21M
$3.68M – $4.91M
NOI $294,522 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$5.10M
$4.46M – $5.95M
NOI $356,857 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Dock-high doors
4
Drive-in doors
27.3%
Occupancy
Yes
Sprinkler system
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
767
Businesses Nearby
Explore this area
Business Placement
Demographics for 77478, TX
24,536
Population
9,168
Households
2.7
Avg Household Size
48
Median Age
59%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
2,454
Density / Sq Mi
$116,205
Median Household Income
$53,388
Median Earnings
$1,751
Median Rent
$378,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A corporate-style headquarters layout combines finished office areas with three warehouse bays and a net-leased suite.
Where is this mixed-use property located?
The property is located at 655-695 Industrial Blvd Sugar Land, TX.
What is the asking price?
The asking price for this property is $5,329,400.
What are key features of this property?
This property features: 19,379 square feet available at closing, representing 72.7% of the 26,647‑square‑foot building; Suite 695 contains 7,268 square feet under a transferable net lease; Three clear‑span warehouse bays with four grade‑level drive‑in doors and one truck well
