Versatile Building on Expansive
For Sale
$975,000
00 Fritz Lane, Spring, TX 77389
3,120 SF building on 4.86 acres with expansion potential.
Property Size3,120 SF
Price / SF$312.50
Days on Market545
Property Features for 00 Fritz Lane
General Information
Standard status
Active
Size
3,120 SF
Taxes and HOA fees
Annual Taxes
$13,781
Building Details
Year Built
1996
Listing Agency:
SENDERO REAL ESTATE
Listed By:
JUAN SANCHEZ · License #0520895
(832) 876-7097
Source:
Corcoran
Added: May 9, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 SENDERO REAL ESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,120 square foot building is situated on 4.86 acres, offering a blend of office and warehouse space suitable for an owner-user. The property includes outdoor parking and ground storage, with land available for expansion. Featuring two separate entrances, the building can be divided into two suites for potential rental income. The layout comprises a reception area, two restrooms (one with a shower), a large kitchen/breakroom, two private offices, and two large spaces suitable for conference rooms or flexible cubicle arrangements. Warehouse space is also available, accessible via a roll-up door. Located approximately 1,400 feet from Mossy Oaks Road, the site benefits from upcoming expansion plans to connect to Gosling Road to the West and City Place/Exxon HQ to the East. With convenient access to both Grand Parkway and I-45, the location is well-suited for a company serving the Woodlands, Spring/Klein, and Tomball areas.
Key Highlights
- Large 4.86‑acre lot offers outdoor parking/ground storage and expansion potential.
- 3,120 SF building with flexible office and warehouse space.
- Potential for rental income by dividing the building into two suites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,867
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,340
$817.3K
Cap Rate 7%
$583,814
$583.8K
Cap Rate 9%
$454,078
$454.1K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$71.9K $23.04/SF
− Vacancy
−$17.4K −$5.58/SF
EGI
$54.5K $17.46/SF
− OpEx
−$13.6K −$4.37/SF
NOI
$40.9K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$817,340
Cap Rate 7%
$583,814
Cap Rate 9%
$454,078
Alternative Uses
Best Use
Office B
$583.8K
$510.8K – $681.1K
NOI $40,867 @ 7.0% cap · market cap 4.19%
Second Best
Warehouse
$464.1K
$406.1K – $541.4K
NOI $32,486 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$851.9K
$745.4K – $993.9K
NOI $59,634 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77389, TX
41,534
Population
15,138
Households
2.7
Avg Household Size
36
Median Age
56%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
1,950
Density / Sq Mi
$145,228
Median Household Income
$64,867
Median Earnings
$1,795
Median Rent
$387,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Spring Oaks Mini Storage — 4320 Spring Stuebner Rd, Spring, TX 77389
- Spring Oaks Self Storage — 4320 Spring Stuebner Rd, Spring, TX 77389
- Mossy Oak´s Storage — 22019 Mossy Oaks Rd, Spring, TX 77389
- Firefighting's Finest Moving & Storage — 22026 Mossy Oaks Rd, Spring, TX 77389
- Rothwood Boat Storage — 22418 Rothwood Rd, Spring, TX 77389
Frequently Asked Questions
What type of property is this?
Warehouse - 3,120 SF building on 4.86 acres with expansion potential.
Where is this warehouse located?
The property is located at 00 Fritz Lane Spring, TX.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Large 4.86‑acre lot offers outdoor parking/ground storage and expansion potential.; 3,120 SF building with flexible office and warehouse space.; Potential for rental income by dividing the building into two suites.
