Updated Willow Park Condo
12832 Willow Centre Dr Unit E & F, Houston, TX 77066
Two updated condo units ideal for owner occupant or investment.
Type:Office
Property size:
1,350 SFPrice / SF:
$169/SF- Added:
- Dec 9, 2024
- Days on Market:
- 565
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 12832 Willow Centre Dr Unit E & F
General Information
- Standard status
- Active
- Size
- 1,350 SF
- Property subtype
- Office
Listing office eXp Commercial
Listing date Dec 9, 2024
Source Crexi
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 Commercial
HighLights
- Two adjacent units (E and F) totaling 1360 sq ft, providing flexibility for use.
- Each unit includes a reception area, two private rooms, a half‑bath, and a kitchen/coffee bar.
- Opportunity for owner‑occupancy or investment with potential lease income of $1400 per unit or $2400 combined.
- HOA covers trash, grass, exterior building maintenance, and water, reducing owner responsibilities.
- Recently updated, allowing for immediate move‑in with minimal modifications.
- Suitable for various business types, including dental offices, chiropractic practices, salons, spas, or general office space.
Overview
These updated condo units, designated E and F, offer a combined space of 1350 square feet within a gated community. Positioned next to each other, each unit features a reception area, two private rooms, a half-bath, and a kitchen/coffee bar. The layout is suitable for either an owner-occupant or an investor. The Homeowner Association (HOA) covers trash, grass maintenance, exterior building upkeep, and water services. Potential uses include a dentist office, chiropractor, boutique hair salon, massage, head spa, office, or executive office. The units have been recently updated, allowing for immediate occupancy with minimal modifications. Potential lease rates are $1400 for each unit individually or $2400 when combined. The monthly HOA fee is $297, covering trash, grass maintenance, exterior maintenance, and water.
Local Financial Insights For Healthcare Medical
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 | $34.0k | $25.20 |
| − Vacancy | −$3.4k | −$2.52 |
| EGI | $30.6k | $22.68 |
| − OpEx | −$12.2k | −$9.07 |
| NOI | $18.4k | $13.61 |
1,350 SF · lease $25.20/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$262.4K
$229.6K – $306.2K
NOI $18,371 @ 7.0% cap · market cap 8.02%
Second Best
Retail
$261.5K
$228.8K – $305.1K
NOI $18,305 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$347.1K
$303.8K – $405.0K
NOI $24,300 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
The Law Office of Arif ...
Law Firm
Grace Glow Spa
Spa & Massage Center
Resseguie CPA Inc.
Tax Preparation
ZainStar Enterprises LLC
Tax Preparation
Ageless Aesthetics Academy
High School
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Fort Bend
- State
- Texas
- Longitude
- -95.535
- Latitude
- 29.963747
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Two updated condo units ideal for owner occupant or investment.
Where is this office units located?
The property is located at 12832 Willow Centre Dr Unit E & F Houston, TX.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two adjacent units (E and F) totaling 1360 sq ft, providing flexibility for use.; Each unit includes a reception area, two private rooms, a half‑bath, and a kitchen/coffee bar.; Opportunity for owner‑occupancy or investment with potential lease income of $1400 per unit or $2400 combined.
