Freestanding Flex Space with
New
For Sale
$500,000
7571 Morley Street, Houston, TX 77061
Standalone industrial facility combining administrative offices, workshop area, and secured outdoor space.
Property Size4,000 SF
Lot Size0.18 Acres
Price / SF$125
Days on Market6
Property Features for 7571 Morley Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.18 Acres
Property subtype
IND, IND-FLEX, IND-WHSE
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
Amenities
reception area
private office space
breakroom/kitchenette
restroom
Building Details
Building Size
4,000 SF
Buildings
1
Listing Agency:
Keller Williams Realty The Woodlands
Listed By:
Teresa Sartin · License #0558077
(281) 825-7745
Source:
Realnex
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 13 at 3:52AM
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 Keller Williams Realty The Woodlands
Investment Insights
Based on property information with market context.
This freestanding flex space contains approximately 4,000 SF within a practical office and warehouse configuration. The office area includes reception, private offices, a breakroom or kitchenette, and a restroom. An open warehouse/workshop area provides approximately 14' wall height and a grade-level overhead door for material handling and vehicle access.
The property sits on an approximately 7,650 SF lot with a fenced and gated front yard. Concrete paving provides a dedicated parking and work surface, while the standalone layout supports office, storage, fabrication, and light-industrial operations. The address is 7571 Morley Street in Houston, Texas 77061.
The property sits on an approximately 7,650 SF lot with a fenced and gated front yard. Concrete paving provides a dedicated parking and work surface, while the standalone layout supports office, storage, fabrication, and light-industrial operations. The address is 7571 Morley Street in Houston, Texas 77061.
Key Highlights
- Approximately 4,000 SF freestanding industrial building
- Approximately 7,650 SF lot with fenced and gated front yard
- Office area with reception, private offices, breakroom/kitchenette, and restroom
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
$41,652
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
8.33%
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%
$833,040
$833.0K
Cap Rate 7%
$595,029
$595.0K
Cap Rate 9%
$462,800
$462.8K
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
$72.0K $18.00/SF
− Vacancy
−$7.9K −$1.98/SF
EGI
$64.1K $16.02/SF
− OpEx
−$22.4K −$5.61/SF
NOI
$41.7K $10.41/SF
Area
Houston, TX
Vacancy
11.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$833,040
Cap Rate 7%
$595,029
Cap Rate 9%
$462,800
Alternative Uses
Best Use
Flex RnD
$595.0K
$520.7K – $694.2K
NOI $41,652 @ 7.0% cap · market cap 8.33%
Second Best
Warehouse
$420.6K
$368.0K – $490.7K
NOI $29,441 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.03M
$900.0K – $1.20M
NOI $72,000 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
14 ft
Clear height
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77061, TX
23,398
Population
9,942
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
69%
High-School Grad
7.5 sq mi
ZIP Area
3,120
Density / Sq Mi
$44,520
Median Household Income
$32,659
Median Earnings
$973
Median Rent
$215,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Houston, TX
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone industrial facility combining administrative offices, workshop area, and secured outdoor space.
Where is this flex space located?
The property is located at 7571 Morley Street Houston, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 4,000 SF freestanding industrial building; Approximately 7,650 SF lot with fenced and gated front yard; Office area with reception, private offices, breakroom/kitchenette, and restroom
