Office-Warehouse Live/Work
1231 Pruitt Road Spring, TX 77380
For Sale
$2,300,000
Two-story office and warehouse setup with conference rooms, full kitchen, multiple offices, and large parking.
Property Size8,640 SF
Lot Size5.50 Acres
Price / SF$266.20
Days on Market441
Property Features for 1231 Pruitt Road
General Information
- Standard status
- Active
- Size
- 8,640 SF
- Lot size
- 5.50 Acres
- Property subtype
- Farm / Detached
Building Details
- Year Built
- 1983
Listing Agency:
eXp Realty LLC
(281) 723-3336
Listed By:
Bill Smith · License #0291078
(281) 723-3336
Source:
Compass
Added: May 9, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:00AM
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 LLC
Investment Insights
Based on property information with market context.
The offering includes 1227 & 1231 Pruitt and features a two-story office building alongside a two-story warehouse building. The office space is currently arranged for workplace use with a conference room for 30 attendees, additional conference areas for 6 and 12, a full kitchen, two large executive offices, and multiple office spaces upstairs next to the conference room. The layout also includes private and additional bathrooms, as well as a computer/tech room. A small 1-bedroom, 1-bath home is also on site and can be used as an office. The warehouse component is configured as a two-story warehouse.
The property is described as being strategically located at the elbow of Interstate 45 and Loop 99 just outside of The Woodlands, in Montgomery County, on a dead-end cul-de-sac. The site includes a large parking lot and is described as unrestricted, with no city or subdivision restrictions mentioned. Independent water supply is provided via a well and septic.
The overall site is described as 5± acres and includes separate tracts identified in the remarks.
The property is described as being strategically located at the elbow of Interstate 45 and Loop 99 just outside of The Woodlands, in Montgomery County, on a dead-end cul-de-sac. The site includes a large parking lot and is described as unrestricted, with no city or subdivision restrictions mentioned. Independent water supply is provided via a well and septic.
The overall site is described as 5± acres and includes separate tracts identified in the remarks.
Key Highlights
- Two‑story office/warehouse setup with 3,840 SF office and 4,800 SF warehouse
- Office configuration includes conference rooms for 30, 6, and 12 attendees plus full kitchen
- 5 bedrooms with 5 total bathrooms (1 full and 4 half) and multiple upstairs office spaces
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
Warehouse
$762.8K
$667.5K – $890.0K
NOI $53,399 @ 7.0% cap · market cap 2.32%
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
Location Intelligence
Current Use by Public Records
Brian Barnes - Prudential ...
Financial Advisor
Barnes Benefits Solutions
Insurance Agency
FAQs
What type of property is this?
Flex space - Two-story office and warehouse setup with conference rooms, full kitchen, multiple offices, and large parking.
Where is this flex space located?
The property is located at 1231 Pruitt Road 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: Two‑story office/warehouse setup with 3,840 SF office and 4,800 SF warehouse; Office configuration includes conference rooms for 30, 6, and 12 attendees plus full kitchen; 5 bedrooms with 5 total bathrooms (1 full and 4 half) and multiple upstairs office spaces
