Cypress Commercial Building with
20204 Schiel Rd Cypress, TX 77433
For Sale
Contact for pricing
10,000 SF metal building with climate-controlled space and storage.
Property Size10,000 SF
Price / SF$187.50
Days on Market661
Property Features for 20204 Schiel Rd
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Industrial, Mixed Use, Retail, Self Storage, Special Purpose
Building Details
- Year Built
- 2005
Listing Agency:
O'Hara & Co Real Estate
(832) 643-2668
Listed By:
Kevin Ohara · License #TX 401500
Source:
Crexi
Added: Oct 2, 2024
Changed: Jul 6
Last Checked: Jul 23 at 12:50PM
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 O'Hara & Co Real Estate
Investment Insights
Based on property information with market context.
This commercial property features a metal building with approximately 10,000 square feet, including about 7,595 square feet of climate-controlled area. The climate-controlled spaces are finished with sheetrock, paint, and flooring. The property includes three and a half bathrooms. It has double entrances with median crossovers. Electrical service includes one 3-phase 400-amp service and one single-phase 400-amp service. A 30’x50’ metal storage building is located at the rear of the property. The site offers room for commercial frontage expansion, with a detention pond already in place.
Key Highlights
- Approximately 7,595 square feet of climate‑controlled space within a 10,000 square foot metal building.
- Double entrances with median crossovers for easy access.
- Includes both 3‑phase and single‑phase 400‑amp electrical service.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $240.0k | $24.00 |
| − Vacancy | −$36.0k | −$3.60 |
| EGI | $204.0k | $20.40 |
| − OpEx | −$76.5k | −$7.65 |
| NOI | $127.5k | $12.75 |
10,000 SF · lease $24.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.82M
$1.59M – $2.13M
NOI $127,500 @ 7.0% cap · market cap 6.80%
Second Best
Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$2.73M
$2.39M – $3.19M
NOI $191,136 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Athletic Threads
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Mixed-use property - 10,000 SF metal building with climate-controlled space and storage.
Where is this mixed-use property located?
The property is located at 20204 Schiel Rd Cypress, TX.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: Approximately 7,595 square feet of climate‑controlled space within a 10,000 square foot metal building.; Double entrances with median crossovers for easy access.; Includes both 3‑phase and single‑phase 400‑amp electrical service.
