40344 US-290 BUS, Waller, TX
Office building in high-traffic location with tenant occupancy.
- Added:
- Jan 13, 2025
- Days on Market:
- 514
- Last Refresh:
- May 20 at 9:11 pm
Property Features for 40344 US-290 BUS
General Information
- Standard status
- Active
- Size
- 1,845 SF
- Lot size
- 0.08 Acres
- Property subtype
- OFFICE
Listing agent Timothy J. Phelan License #0315435 (281) 723-9656
Listing office Waller County Land Company (281) 723-9656
Listing date Jan 13, 2025
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 Waller County Land Company
HighLights
- Prime location on Business Hwy 290.
- High traffic count.
- Located in rapidly growing town of Waller.
- 1845 SF office building divided into two suites.
- Both suites are tenant occupied.
- HVAC recently updated.
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 | $42.5k | $23.04 |
| − Vacancy | −$10.3k | −$5.58 |
| EGI | $32.2k | $17.46 |
| − OpEx | −$8.1k | −$4.37 |
| NOI | $24.2k | $13.10 |
Alternative Uses
Current Use by Public Records
Map
- City
- Waller
- County
- Harris
- State
- Texas
- Longitude
- -95.9269
- Latitude
- 30.0566
