Flex Office and Warehouse
For Sale
Contact for pricing
9528 Louetta Rd, Spring, TX 77379
Flex office layout with six private offices, conference room, and a fully insulated warehouse with roll-up door.
Property Size4,200 SF
Price / SF$297.62
Days on Market54
Property Features for 9528 Louetta Rd
General Information
Standard status
Active
Size
4,200 SF
Property subtype
INDUSTRIAL
Additional Details
Outdoor Storage
Yes
Amenities
security alarm system
laminated storm windows
200-amp electrical service
dual HVAC systems
fiber-optic phone system
French drains
aerobic septic system
full kitchen
full bathroom with shower
half bath
conference room
built-in workbenches
washer/dryer hookups
electric roll-up door
Building Details
Stories
2
Listing Agency:
Elite Texas Properties
(832) 405-5735
Listed By:
Kristie Zorens · License #0534188
(281) 610-7240
Source:
Moodyscre
Added: Jul 16
Changed: Sep 5
Last Checked: Sep 6 at 1:55PM
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 Elite Texas Properties
Investment Insights
Based on property information with market context.
This flex office and warehouse facility offers approximately 4,200 square feet of combined office, open workspace, and industrial storage. The main level includes six private offices, a spacious conference room, a full kitchen, a full bathroom with shower, and an additional half bath. The upper level provides approximately 1,700 square feet of open space that can support training, storage, or additional workspace, and the property also includes exterior storage areas on both sides of the building.
The 50' x 30' fully insulated warehouse features an electric roll-up door, built-in workbenches, and washer/dryer hookups. Additional building systems and site features include a security alarm system with four cameras, laminated storm windows, 200-amp electrical service, dual HVAC systems, and a fiber-optic phone system.
Site improvements include French drains along the sides and rear of the building, along with an aerobic septic system with a spray field located behind the building.
The 50' x 30' fully insulated warehouse features an electric roll-up door, built-in workbenches, and washer/dryer hookups. Additional building systems and site features include a security alarm system with four cameras, laminated storm windows, 200-amp electrical service, dual HVAC systems, and a fiber-optic phone system.
Site improvements include French drains along the sides and rear of the building, along with an aerobic septic system with a spray field located behind the building.
Key Highlights
- Approximately 4,200 sq. ft. commercial building with office, conference, kitchen, and bathroom facilities plus upper‑level open space.
- Main level includes approx. 2,500 sq. ft. with six private offices, spacious conference room, full kitchen, full bath with shower, and half bath.
- Upper level offers approx. 1,700 sq. ft. open space for training, storage, or additional workspace, plus exterior storage on both sides.
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
3.94%
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 3.94%
Second Best
Warehouse
$370.8K
$324.5K – $432.6K
NOI $25,958 @ 7.0% cap · market cap 2.08%
Theoretical Best
Specialty Retail
$1.06M
$927.8K – $1.24M
NOI $74,221 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77379, TX
84,704
Population
30,004
Households
2.8
Avg Household Size
38
Median Age
49%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
3,283
Density / Sq Mi
$110,712
Median Household Income
$58,474
Median Earnings
$1,618
Median Rent
$335,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bailey Connor Catering — 16911 Memorial Chase Rd #2, Houston, TX 77070
Frequently Asked Questions
What type of property is this?
Flex space - Flex office layout with six private offices, conference room, and a fully insulated warehouse with roll-up door.
Where is this flex space located?
The property is located at 9528 Louetta Rd Spring, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,200 sq. ft. commercial building with office, conference, kitchen, and bathroom facilities plus upper‑level open space.; Main level includes approx. 2,500 sq. ft. with six private offices, spacious conference room, full kitchen, full bath with shower, and half bath.; Upper level offers approx. 1,700 sq. ft. open space for training, storage, or additional workspace, plus exterior storage on both sides.
