Unrestricted Land with Office and
1231 Pruitt Spring, TX 77380
1231 Pruitt, Spring, TX, 77380
Contact for pricing
For Sale
Contact for pricing
5.5 acres with office, shop, and home near Exxon campus.
Property Size8,640 SF
Lot Size5.50 Acres
Price / SF$266.20
Days on Market175
Property Features for 1231 Pruitt
General Information
- Standard status
- Active
- Size
- 8,640 SF
- Lot size
- 5.50 Acres
- Property subtype
- OFFICE
Listing agency
eXp Realty
(281) 723-3336
Listed by
Bill Smith · License #291078
(281) 723-3336
Source
Moodyscre
Added: Jan 27 Updated: Jul 6 at 10:09AM Checked: Jul 21 at 5:47AM
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 property is strategically located at the intersection of Interstate 45 and Loop 99, just outside of Harris County and approximately one mile from the Exxon campus. Situated in Montgomery County, one of the fastest-growing counties in the USA, the property spans 5.5 unrestricted acres and features an office building currently configured with a conference room that can accommodate 30 attendees, a second conference area for 6, and a third area for 12. The office includes a full kitchen and an isolated front entry reception area. There are two large executive offices, one with a private bathroom, as well as four additional office spaces upstairs next to a conference room and four upstairs bathrooms. A computer/tech room is also present. The property benefits from an independent water supply, well, and septic system, along with a large parking lot. Additional structures can be added to the property. A 4800 sq ft two-story shop is located on the premises, as well as a small one-bedroom, one-bathroom home. The property is surrounded by Montgomery County facilities and is located on a dead-end cul-de-sac. The current setup is ideal for office use, and the property has hosted Chamber of Commerce and other functions since 2007.
Key Highlights
- 5 ½ acres unrestricted land with excellent footprint for additional structures.
- Large 4800 sq ft 2 story shop.
- Strategically located near Interstate 45, Loop 99, and 1 mile to Exxon campus.
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 | $173.1k | $20.04 |
| − Vacancy | −$38.1k | −$4.41 |
| EGI | $135.1k | $15.63 |
| − OpEx | −$33.8k | −$3.91 |
| NOI | $101.3k | $11.72 |
8,640 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.45M
$1.27M – $1.69M
NOI $101,290 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.18M
$1.91M – $2.54M
NOI $152,683 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brian Barnes - Prudential ...
Financial Advisor
Barnes Benefits Solutions
Insurance Agency
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FAQs
What type of property is this?
Office building - 5.5 acres with office, shop, and home near Exxon campus.
Where is this office building located?
The property is located at 1231 Pruitt Spring, TX.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 5 ½ acres unrestricted land with excellent footprint for additional structures.; Large 4800 sq ft 2 story shop.; Strategically located near Interstate 45, Loop 99, and 1 mile to Exxon campus.
