Mixed-Use Property on Rayford
For Sale
Contact for pricing
409 Rayford Rd, Spring, TX 77386
Mixed-use property available for sale on Rayford Road.
Property Size5,030 SF
Price / SF$238.57
Days on Market800
Property Features for 409 Rayford Rd
General Information
Standard status
Active
Size
5,030 SF
Class
C
Property subtype
Mixed Use, Multifamily, Office
Zoning
6
Occupancy
100%
Building Details
Year Built
1999
Buildings
2
Units
1
Tenancy
Multi
Listing Agency:
Riverstone Companies LLC
Listed By:
Jim Jones · License #545598
(979) 431-4400
Source:
Crexi
Added: Aug 21, 2024
Changed: Oct 26
Last Checked: Oct 28 at 8:18AM
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 Riverstone Companies LLC
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Investment Insights
Based on property information with market context.
This mixed-use property is located on Rayford Road. The property offers a total size of 5030 square feet and is available for sale.
Key Highlights
- Mixed‑Use Property
- Located on Rayford Road
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,969
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,179,380
$1.2M
Cap Rate 7%
$842,414
$842.4K
Cap Rate 9%
$655,211
$655.2K
Market Conditions
NOI Build-Up for 5,030 SF
Gross rent
$100.8K $20.04/SF
− Vacancy
−$22.2K −$4.41/SF
EGI
$78.6K $15.63/SF
− OpEx
−$19.7K −$3.91/SF
NOI
$59.0K $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 Rate 5%
$1,179,380
Cap Rate 7%
$842,414
Cap Rate 9%
$655,211
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,969 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$755.0K
$660.6K – $880.9K
NOI $52,851 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,889 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,268
Businesses Nearby
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Business Placement
Demographics for 77386, TX
66,058
Population
22,778
Households
2.9
Avg Household Size
34
Median Age
49%
College-Educated
95%
High-School Grad
40.8 sq mi
ZIP Area
1,619
Density / Sq Mi
$130,094
Median Household Income
$66,481
Median Earnings
$1,878
Median Rent
$346,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property available for sale on Rayford Road.
Where is this mixed-use property located?
The property is located at 409 Rayford Rd Spring, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed‑Use Property; Located on Rayford Road; Built in 1999
