9,000 SF Warehouse For
For Sale
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7315 Five Forks Dr, Spring, TX 77379
9,000 SF warehouse with office space and grade-level doors.
Property Size9,000 SF
Price / SF$177.78
Days on Market168
Property Features for 7315 Five Forks Dr
General Information
Standard status
Active
Size
9,000 SF
Property subtype
Industrial
Listing Agency:
Black Label Commercial Group
(936) 441-2610
Listed By:
Beau Harris · License #TX 577566
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 12 at 3:36PM
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 Black Label Commercial Group
Investment Insights
Based on property information with market context.
This property features a 9,000-square-foot building, including 1,000 square feet of office space. It is equipped with four 12-foot by 16-foot grade-level doors and has an 18-foot eave height. The property also includes 3-phase power.
Key Highlights
- 9,000sqft building size
- Features four 12’x16’ grade level doors
- 18’ eave 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
$55,624
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
3.48%
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%
$1,112,480
$1.1M
Cap Rate 7%
$794,629
$794.6K
Cap Rate 9%
$618,044
$618.0K
Market Conditions
NOI Build-Up for 9,000 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
$69.8K $7.76/SF
− Vacancy
−$4.4K −$0.49/SF
EGI
$65.4K $7.27/SF
− OpEx
−$9.8K −$1.09/SF
NOI
$55.6K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$1,112,480
Cap Rate 7%
$794,629
Cap Rate 9%
$618,044
Alternative Uses
Best Use
Warehouse
$794.6K
$695.3K – $927.1K
NOI $55,624 @ 7.0% cap · market cap 3.48%
Second Best
Industrial
$654.4K
$572.6K – $763.5K
NOI $45,808 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$2.27M
$1.99M – $2.65M
NOI $159,045 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77379, TX
84,704
Population
30,004
Households
2.8
Avg Household Size
38
Median Age
49%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
3,283
Density / Sq Mi
$110,712
Median Household Income
$58,474
Median Earnings
$1,618
Median Rent
$335,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Life Storage — 6911 Louetta Rd, Spring, TX 77379
- Leax’s Boat & Rv Storage — 7106 Five Forks Dr, Spring, TX 77379
- Public Storage — 18110 Stuebner Airline Rd, Spring, TX 77379
- Day and Night Moving and Packing — 17940 Country Walk Dr, Spring, TX 77379
Frequently Asked Questions
What type of property is this?
Warehouse - 9,000 SF warehouse with office space and grade-level doors.
Where is this warehouse located?
The property is located at 7315 Five Forks Dr Spring, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 9,000sqft building size; Features four 12’x16’ grade level doors; 18’ eave height
