Versatile Building on Expansive
00 Fritz Lane Spring, TX 77389
For Sale
$975,000
3,120 SF building on 4.86 acres with expansion potential.
Property Size3,120 SF
Price / SF$312.50
Days on Market445
Property Features for 00 Fritz Lane
General Information
Standard status
Active
Size
3,120 SF
Building Details
Year Built
1996
Listing Agency:
SENDERO REAL ESTATE
(832) 876-7097
Listed By:
JUAN SANCHEZ · License #0520895
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
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 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 | $62.5k | $20.04 |
| − Vacancy | −$13.8k | −$4.41 |
| EGI | $48.8k | $15.63 |
| − OpEx | −$12.2k | −$3.91 |
| NOI | $36.6k | $11.72 |
3,120 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$522.5K
$457.2K – $609.6K
NOI $36,577 @ 7.0% cap · market cap 3.75%
Second Best
Warehouse
$275.5K
$241.0K – $321.4K
NOI $19,283 @ 7.0% cap · market cap 1.98%
Theoretical Best
Specialty Retail
$787.7K
$689.2K – $918.9K
NOI $55,136 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Spring Oaks Mini Storage — 4320 Spring Stuebner Rd, Spring, TX 77389
- Mossy Oak´s Storage — 22019 Mossy Oaks Rd, Spring, TX 77389
- Spring Oaks Self Storage — 4320 Spring Stuebner 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.
