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New Cypress Area Office/Warehouse Buildings
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9201 Jackrabbit Rd, Houston, TX 77095

Four free-standing office/warehouse buildings under construction in Cypress area.

Property Size8,250 SF
Price / SF$147
Days on Market1135

Property Features for 9201 Jackrabbit Rd

General Information

Standard status Active
Size 8,250 SF
Property subtype Industrial
Listing Agency: Texas Commercial Real Estate Services
Listed By: Alex Wisnoski · License #TX 636406
Source: Crexi
Added: Jun 24, 2023 Changed: Jul 10 Last Checked: Jul 31 at 12:45PM

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 Texas Commercial Real Estate Services

Investment Insights

Based on property information with market context.

Four free-standing office/warehouse buildings are currently under construction in the rapidly expanding Cypress area. The property, suitable for commercial real estate, includes warehouses, industrial properties, office buildings, office spaces, and flex space. The property has a size of 8250 square feet and is available for lease or sale.

Key Highlights

  • Four free‑standing office/warehouse buildings
  • Under construction
  • Available for lease or sale

Financial Insights For Office B

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 $198.0k $24.00
− Vacancy −$53.5k −$6.48
EGI $144.5k $17.52
− OpEx −$36.1k −$4.38
NOI $108.4k $13.14
8,250 SF · lease $24.00/SF/yr · vacancy 27.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.55M
$1.36M – $1.81M (±1% cap)
NOI $108,405 @ 7.0% cap · market cap 8.94%
Second Best
Warehouse
$1.04M
$908.8K – $1.21M (±1% cap)
NOI $72,706 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M (±1% cap)
NOI $148,500 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Law Firm Auto Repair Shop Big Box & Wholesale Store Garden Center Electrical Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

919
Businesses Nearby
Well-served
Demand for This Use

Demographics for 77095, TX

71,206
Population
26,429
Households
2.7
Avg Household Size
37
Median Age
42%
College-Educated
93%
High-School Grad
14.7 sq mi
ZIP Area
4,844
Density / Sq Mi
$95,657
Median Household Income
$49,466
Median Earnings
$1,638
Median Rent
$288,500
Median Home Value

Market

Properties on Market for Warehouses in Houston

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Office in Houston, TX

21.3% 2019
24.5% 2020
25.2% 2021
26% 2022
25.3% 2023
25.5% 2024
24.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Warehouse - Four free-standing office/warehouse buildings under construction in Cypress area.
Where is this warehouse located?
The property is located at 9201 Jackrabbit Rd Houston, TX.
What is the asking price?
The asking price for this property is $1,212,750.
What are key features of this property?
This property features: Four free‑standing office/warehouse buildings; Under construction; Available for lease or sale
More about this property
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