Office Condo
For Sale
Contact for pricing
4501 Cartwright Rd, Missouri City, TX 77459
Three combined office condos in Colonial Lakes Office Park, offered together only for an owner-user setup.
Property Size2,250 SF
Price / SF$233.33
Days on Market1276
Property Features for 4501 Cartwright Rd
General Information
Standard status
Active
Size
2,250 SF
Property subtype
OFFICE
Additional Details
Office Units
3
Listing Agency:
Keller Williams Realty - SW
(281) 265-0000
Listed By:
Mike Wong · License #0576394
Source:
Moodyscre
Added: Feb 1, 2023
Changed: Jul 30
Last Checked: Jul 31 at 10:52AM
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 Keller Williams Realty - SW
Investment Insights
Based on property information with market context.
This offering combines three office condos—901, 902, and 903—sold as a single package and will not be sold separately. The combined property size is 2,250 SF, configured for an owner-user who wants to occupy one contiguous office space.
The condos are located in the Colonial Lakes Office Park on Cartwright in Missouri City, Texas, at 4501 Cartwright Rd.
This is an owner-user oriented layout with multiple condo units combined into one purchase, suitable for consolidating operations under one roof within the office park setting.
The condos are located in the Colonial Lakes Office Park on Cartwright in Missouri City, Texas, at 4501 Cartwright Rd.
This is an owner-user oriented layout with multiple condo units combined into one purchase, suitable for consolidating operations under one roof within the office park setting.
Key Highlights
- Three office condos combined: 901, 902, and 903
- Sold as a single package only; units will not be sold separately
- 2,250 SF combined office condo size
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 | $57.5k | $25.56 |
| − Vacancy | −$15.8k | −$7.00 |
| EGI | $41.8k | $18.56 |
| − OpEx | −$10.4k | −$4.64 |
| NOI | $31.3k | $13.92 |
2,250 SF · lease $25.56/SF/yr · vacancy 27.40% · expense 25.00%
Alternative Uses
Best Use
Office B
$447.3K
$391.4K – $521.9K
NOI $31,314 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$28.03M
$24.53M – $32.70M
NOI $1,962,065 @ 7.0% cap · market cap 373.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Explore this area
Business Placement
Demographics for 77459, TX
79,731
Population
28,071
Households
2.8
Avg Household Size
40
Median Age
56%
College-Educated
95%
High-School Grad
31.3 sq mi
ZIP Area
2,547
Density / Sq Mi
$132,758
Median Household Income
$62,335
Median Earnings
$2,031
Median Rent
$367,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Three combined office condos in Colonial Lakes Office Park, offered together only for an owner-user setup.
Where is this office units located?
The property is located at 4501 Cartwright Rd Missouri City, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Three office condos combined: 901, 902, and 903; Sold as a single package only; units will not be sold separately; 2,250 SF combined office condo size
