Two-Story Office Building
26310 Oak Ridge Dr Spring, TX 77380
26310 Oak Ridge Dr, Spring, TX, 77380
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For Sale
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Two-story office building with 42 tenants near major thoroughfares.
Property Size21,320 SF
Price / SF$257.97
Days on Market988
Property Features for 26310 Oak Ridge Dr
General Information
- Standard status
- Active
- Size
- 21,320 SF
- Property subtype
- Office
Building Details
- Year Built
- 2014
Listing agency
eXp Realty
(281) 723-3336
Listed by
Bill Smith · License #TX 291078
Source
Crexi
Added: Nov 6, 2023 Updated: Jul 6 at 7:44AM Checked: Jul 20 at 6:46AM
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 eXp Realty
Investment Insights
Based on property information with market context.
This two-story office building presents an investment opportunity in a prime location. The property is situated minutes from I-45, Hardy Toll Road, and Grand Parkway, offering convenient access to amenities in The Woodlands. The building accommodates 42 tenants and has one current vacancy. The owner occupies approximately 1,000 square feet within the 21,320 square foot building.
Key Highlights
- Prime location near I‑45, Hardy Toll Rd, and Grand Parkway.
- Proximity to amenities in The Woodlands.
- Two‑story office building with 42 tenants.
Local 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 | $427.3k | $20.04 |
| − Vacancy | −$94.0k | −$4.41 |
| EGI | $333.3k | $15.63 |
| − OpEx | −$83.3k | −$3.91 |
| NOI | $249.9k | $11.72 |
21,320 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.17M
NOI $249,943 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,760 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Woodsedge Properties
Real Estate Agency
Mary Eliz Permanent ...
Tattoo & Piercing Shop
OnlineSpineRehab.com
Medical Clinic
James Co.
Corporate Office
Good Insights Counseling
Crisis Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Two-story office building with 42 tenants near major thoroughfares.
Where is this office building located?
The property is located at 26310 Oak Ridge Dr Spring, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime location near I‑45, Hardy Toll Rd, and Grand Parkway.; Proximity to amenities in The Woodlands.; Two‑story office building with 42 tenants.
