Spring Cypress Freestanding
For Sale
Contact for pricing
6710 Spring Cypress Rd, Spring, TX
Freestanding buildings ideal for office, medical, retail, or services.
Property Size5,689 SF
Lot Size1.55 Acres
Price / SF$263.67
Days on Market514
Property Features for 6710 Spring Cypress Rd
General Information
Standard status
Active
Size
5,689 SF
Lot size
1.55 Acres
Property subtype
OFFICE
Listing Agency:
Texas CRES
(281) 898-0895
Listed By:
Joel C. English · License #465800
(713) 473-7200
Source:
Moodyscre
Added: Apr 23, 2025
Changed: Sep 11
Last Checked: Sep 18 at 4:44AM
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 Texas CRES
Investment Insights
Based on property information with market context.
This property features freestanding buildings situated on approximately 1.5 acres with around 235.7 feet of frontage on Spring Cypress Rd. The location is suitable for office, medical, retail, or professional services. Ample on-site parking is available for both employees and clients. The interior layout is flexible and easily adaptable for various business uses. The property is located in a high-growth trade area, surrounded by dense residential neighborhoods and thriving retail centers. It is also located minutes from Kuykendahl Rd, SH-249, and Grand Parkway (99), providing seamless regional connectivity. The property is positioned in an established commercial corridor, surrounded by national retailers, schools, and professional offices. Spring Cypress Rd sees approximately 19,899 vehicles per day, according to TxDOT. The property offers 5689 square feet of space.
Key Highlights
- High‑Traffic Location: Benefit from approximately 19,899 vehicles per day on Spring Cypress Rd.
- Prime Acreage: Boasting ±1.5 acres with ±235.7 ft frontage on Spring Cypress Rd.
- Freestanding Buildings: Ideal for office, medical, retail, or professional services.
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
$84,176
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
5.61%
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%
$1,683,520
$1.7M
Cap Rate 7%
$1,202,514
$1.2M
Cap Rate 9%
$935,289
$935.3K
Market Conditions
NOI Build-Up for 5,689 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
$168.6K $29.64/SF
− Vacancy
−$28.3K −$4.98/SF
EGI
$140.3K $24.66/SF
− OpEx
−$56.1K −$9.86/SF
NOI
$84.2K $14.80/SF
Area
Montgomery County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
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%
$1,683,520
Cap Rate 7%
$1,202,514
Cap Rate 9%
$935,289
Alternative Uses
Best Use
Healthcare Medical
$1.20M
$1.05M – $1.40M
NOI $84,176 @ 7.0% cap · market cap 5.61%
Second Best
Retail
$1.10M
$964.3K – $1.29M
NOI $77,141 @ 7.0% cap · market cap 5.14%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,534 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding buildings ideal for office, medical, retail, or services.
Where is this office building located?
The property is located at 6710 Spring Cypress Rd Spring, TX.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑Traffic Location: Benefit from approximately 19,899 vehicles per day on Spring Cypress Rd.; Prime Acreage: Boasting ±1.5 acres with ±235.7 ft frontage on Spring Cypress Rd.; Freestanding Buildings: Ideal for office, medical, retail, or professional services.
