409 Rayford Road, Spring, TX
Office building and triplex near IH-45, fully tenant occupied.
- Added:
- Aug 21, 2024
- Days on Market:
- 658
- Last Refresh:
- May 19 at 10:02 pm
Property Features for 409 Rayford Road
General Information
- Standard status
- Active
- Size
- 7,430 SF
- Lot size
- 1.01 Acres
- Property subtype
- OFFICE
Listing agent Jarred Taylor License #0545598 (936) 525-0069
Listing office Riverstone Companies, LLC (936) 525-0069
Listing date Aug 21, 2024
Source Moodyscre
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
HighLights
- 100% Tenant Occupied
- 2,400 SF Multifamily Triplex – Built 1997
- 5,030 SF Insulated/HVAC Serviced Metal Building – Built 1999
- 0.3 Miles from IH‑45
- IH‑45 Traffic Counts: 227,414 VPD
- Southern Montgomery County MUD Water & Sewer
Overview
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 | $148.9k | $20.04 |
| − Vacancy | −$32.8k | −$4.41 |
| EGI | $116.1k | $15.63 |
| − OpEx | −$29.0k | −$3.91 |
| NOI | $87.1k | $11.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4365
- Latitude
- 30.1277
