Renovated Flex
9220 Rasmus Dr., Houston, TX 77063
For Sale
Contact for pricing
Updated office interiors pair with warehouse capacity and grade-level loading.
Property Size10,085 SF
Lot Size0.32 Acres
Price / SF$168.57
Days on Market33
Property Features for 9220 Rasmus Dr.
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Condition
Property Use
Building Details
Building Size
Listing Agency:
KW Commercial Texas
Listed By:
Ash Noorani · License #738904
(832) 455-6486
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 2:39PM
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 KW Commercial Texas
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Investment Insights
Based on property information with market context.
This renovated flex property contains approximately 10,085 square feet on ±0.32 acres, with about 6,000 square feet devoted to warehouse use and 4,000 square feet to office space. Improvements include HVAC, flooring, cabinetry, plumbing fixtures, and refreshed interior finishes. The warehouse offers approximately 20-foot clear height and two grade-level drive-in doors.
Located in Southwest Houston, the property combines office and industrial space in one facility.
Located in Southwest Houston, the property combines office and industrial space in one facility.
Key Highlights
- Approximately 10,085 SF on ±0.32 acres
- Approximately 6,000 SF of warehouse area and 4,000 SF of office space
- Warehouse has approximately 20‑foot clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,631
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,352,620
$2.4M
Cap Rate 7%
$1,680,443
$1.7M
Cap Rate 9%
$1,307,011
$1.3M
Market Conditions
NOI Build-Up for 10,085 SF
Gross rent
$217.8K $21.60/SF
− Vacancy
−$61.0K −$6.05/SF
EGI
$156.8K $15.55/SF
− OpEx
−$39.2K −$3.89/SF
NOI
$117.6K $11.66/SF
Area
Houston, TX
Vacancy
28.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,352,620
Cap Rate 7%
$1,680,443
Cap Rate 9%
$1,307,011
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,631 @ 7.0% cap · market cap 6.92%
Second Best
Flex RnD
$1.50M
$1.31M – $1.75M
NOI $105,015 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,530 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,583
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 77063, TX
38,298
Population
22,625
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
92%
High-School Grad
4.5 sq mi
ZIP Area
8,511
Density / Sq Mi
$54,509
Median Household Income
$40,346
Median Earnings
$1,334
Median Rent
$281,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Houston
Vacancy Rate% for Office in Houston, TX
Similar Off Market Nearby
- Wildflower Catering — 3730 S Gessner Rd 3730 b, Houston, TX 77063
- Westheimer Coffee Company — 8798 Westpark Dr # E, Houston, TX 77063
- Ice Paradise — 8550 Westheimer Rd, Houston, TX 77063
Frequently Asked Questions
What type of property is this?
Flex space - Updated office interiors pair with warehouse capacity and grade-level loading.
Where is this flex space located?
The property is located at 9220 Rasmus Dr. Houston, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 10,085 SF on ±0.32 acres; Approximately 6,000 SF of warehouse area and 4,000 SF of office space; Warehouse has approximately 20‑foot clear height
