Flex Space with Grade-Level
For Sale
Contact for pricing
7629 Dowdell Road, Spring, TX 77389
Concrete construction combines office and warehouse areas with dedicated HVAC and an overhead loading door.
Property Size4,200 SF
Price / SF$166.19
Days on Market14
Property Features for 7629 Dowdell Road
General Information
Standard status
Active
Size
4,200 SF
Class
B
Property subtype
Industrial, Office, Mixed Use
Investment Type
Owner/User
Warehouse & Industrial
Drive-In Doors
1
Conditioned Warehouse
No
Building Details
Tenancy
Single
Construction
pre-engineered steel
Listing Agency:
Grey Realty
Listed By:
Veronica Grey · License #TX 777980
Source:
Crexi
Added: Aug 17
Changed: Aug 28
Last Checked: Aug 29 at 11:45AM
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 Grey Realty
Investment Insights
Based on property information with market context.
This 4,200-square-foot flex space at 7629 Dowdell Road includes office and warehouse areas within a pre-engineered steel building. The property features a concrete slab, storefront glazing with 1-inch insulated glass, and a prefabricated metal canopy. Industrial-style concrete flooring extends through both portions of the building, while a 3-ton HVAC system serves the office area.
An overhead door provides 12'-0"-high, chain-operated, grade-level loading. Each building includes two restrooms, with one assigned to the office and one to the warehouse. Additional construction details include 8-inch Z-girts, electrical gutters, finished downspouts tied into the storm drain, and a mezzanine load capacity of 100 LSF. The property is located in Spring, Texas, at 7629 Dowdell Road.
An overhead door provides 12'-0"-high, chain-operated, grade-level loading. Each building includes two restrooms, with one assigned to the office and one to the warehouse. Additional construction details include 8-inch Z-girts, electrical gutters, finished downspouts tied into the storm drain, and a mezzanine load capacity of 100 LSF. The property is located in Spring, Texas, at 7629 Dowdell Road.
Key Highlights
- 4,200‑square‑foot flex space at 7629 Dowdell Road, Spring, TX 77389
- Pre‑engineered steel structure with concrete slab and industrial‑style concrete floors
- 12'-0"-high overhead door with chain operation and grade‑level loading
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
$49,238
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
7.05%
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%
$984,760
$984.8K
Cap Rate 7%
$703,400
$703.4K
Cap Rate 9%
$547,089
$547.1K
Market Conditions
NOI Build-Up for 4,200 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
$84.2K $20.04/SF
− Vacancy
−$18.5K −$4.41/SF
EGI
$65.7K $15.63/SF
− OpEx
−$16.4K −$3.91/SF
NOI
$49.2K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /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%
$984,760
Cap Rate 7%
$703,400
Cap Rate 9%
$547,089
Alternative Uses
Best Use
Office B
$703.4K
$615.5K – $820.6K
NOI $49,238 @ 7.0% cap · market cap 7.05%
Second Best
Mixed Use
$621.0K
$543.4K – $724.5K
NOI $43,470 @ 7.0% cap · market cap 6.23%
Theoretical Best
Specialty Retail
$1.06M
$927.8K – $1.24M
NOI $74,221 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77389, TX
41,534
Population
15,138
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
1,950
Density / Sq Mi
$145,228
Median Household Income
$64,867
Median Earnings
$1,795
Median Rent
$387,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Catering by Squash Blossom — 22632 Kuykendahl Rd Suite A, Spring, TX 77389
Frequently Asked Questions
What type of property is this?
Flex space - Concrete construction combines office and warehouse areas with dedicated HVAC and an overhead loading door.
Where is this flex space located?
The property is located at 7629 Dowdell Road Spring, TX.
What is the asking price?
The asking price for this property is $698,000.
What are key features of this property?
This property features: 4,200‑square‑foot flex space at 7629 Dowdell Road, Spring, TX 77389; Pre‑engineered steel structure with concrete slab and industrial‑style concrete floors; 12'-0"-high overhead door with chain operation and grade‑level loading
