Office Suite with Reception
408 Sapphire Boulevard Hewitt, TX 76643
For Sale
$325,000
Office suite features four offices, a reception area, two restrooms, and a kitchen, accessed through etched glass double doors.
Property Size1,200 SF
Price / SF$270.83
Days on Market854
Property Features for 408 Sapphire Boulevard
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Office
Listing Agency:
(254) 932-5022
Listed By:
Woody Butler Properties
(254) 932-5022
Source:
Xome
Added: Mar 22, 2024
Changed: Jul 22
Last Checked: Jul 23 at 4:19AM
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 Woody Butler Properties
Investment Insights
Based on property information with market context.
This for-sale office unit includes four offices plus a reception area, along with two restrooms and a kitchen. An etched glass double-door entry leads into the main reception space, and interior finishes include ceramic tile flooring and crown molding.
The suite is designated as unit #C within a building that contains two other units. Monthly office park dues of $259.57 are listed for common area landscaping, water, and insurance.
The space is configured for a traditional office layout with dedicated rooms off the reception, supporting day-to-day client and staff workflow within the suite.
The suite is designated as unit #C within a building that contains two other units. Monthly office park dues of $259.57 are listed for common area landscaping, water, and insurance.
The space is configured for a traditional office layout with dedicated rooms off the reception, supporting day-to-day client and staff workflow within the suite.
Key Highlights
- Office suite includes 4 offices, a reception area, 2 restrooms, and a kitchen area
- Etched glass double front doors open to a large reception area
- Ceramic tile flooring and crown molding in the reception area
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 | $29.5k | $24.60 |
| − Vacancy | −$8.1k | −$6.74 |
| EGI | $21.4k | $17.86 |
| − OpEx | −$5.4k | −$4.46 |
| NOI | $16.1k | $13.39 |
1,200 SF · lease $24.60/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$229.6K
$200.9K – $267.9K
NOI $16,074 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.95M
$13.08M – $17.44M
NOI $1,046,435 @ 7.0% cap · market cap 321.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mortgage lender Hewitt ...
Loan Service
Amcap DBA Gold ...
Loan Service
Cendera Funding Inc
Loan Service
FAQs
What type of property is this?
Office units - Office suite features four offices, a reception area, two restrooms, and a kitchen, accessed through etched glass double doors.
Where is this office units located?
The property is located at 408 Sapphire Boulevard Hewitt, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Office suite includes 4 offices, a reception area, 2 restrooms, and a kitchen area; Etched glass double front doors open to a large reception area; Ceramic tile flooring and crown molding in the reception area
