Cypress Commercial Building with
For Sale
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20204 Schiel Rd, Cypress, TX 77433
10,000 SF metal building with climate-controlled space and storage.
Property Size10,000 SF
Price / SF$187.50
Days on Market751
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
Buildings
2
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
O'Hara & Co Real Estate
Listed By:
Kevin Ohara · License #TX 401500
Source:
Crexi
Added: Oct 2, 2024
Changed: Oct 16
Last Checked: Oct 20 at 5:45PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$127,500
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,550,000
$2.6M
Cap Rate 7%
$1,821,429
$1.8M
Cap Rate 9%
$1,416,667
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$240.0K $24.00/SF
− Vacancy
−$36.0K −$3.60/SF
EGI
$204.0K $20.40/SF
− OpEx
−$76.5K −$7.65/SF
NOI
$127.5K $12.75/SF
Area
Harris County, TX
Vacancy
15.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,550,000
Cap Rate 7%
$1,821,429
Cap Rate 9%
$1,416,667
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
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Business Placement
Demographics for 77433, TX
106,663
Population
34,420
Households
3.1
Avg Household Size
34
Median Age
52%
College-Educated
95%
High-School Grad
59.0 sq mi
ZIP Area
1,808
Density / Sq Mi
$137,348
Median Household Income
$64,583
Median Earnings
$1,904
Median Rent
$384,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
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.
