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Versatile Multi-Purpose Building For Sale

14718 WOODFORD DR Houston, TX 77015

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Adaptable 70,000 SF building suitable for diverse business ventures.

Type:Office, Mixed Use, Special Purpose
Property size:
70,000 SF
Price / SF:
$140/SF
Added:
May 13, 2026
Days on Market:
62
Last Refresh:
Jun 27 at 8:47 am

Property Features for 14718 WOODFORD DR

General Information

Standard status
Active
Size
70,000 SF
Property subtype
Office, Mixed Use, Special Purpose

Listing office Encore Feature Properties LLC

Listing date May 13, 2026

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 Encore Feature Properties LLC


Investment Insights

Based on property information with market context.

This multi-purpose building offers approximately 70,000 square feet of usable space, currently serving as a church and school. The property is suitable for conversion into a home office, industrial flex space, or other uses. Ample parking is available. The expansive gymnasium presents an opportunity for transformation into warehouse space. The layout enables the separation of the school and church areas, making it suitable for housing two distinct businesses. The property has direct access and high visibility from Beltway 8 NE, and is close to Interstate 10 East.

Key Highlights

  • 70,000 sq ft of usable space suitable for various purposes.
  • Direct access and high visibility from Beltway 8 NE, close to Interstate 10 East.
  • Ample parking for staff/employees and customers.

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 $1.51M $21.60
− Vacancy −$423.4k −$6.05
EGI $1.09M $15.55
− OpEx −$272.2k −$3.89
NOI $816.5k $11.66
70,000 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$11.66M
$10.21M – $13.61M (±1% cap)
NOI $816,480 @ 7.0% cap · market cap 8.33%
Second Best
Flex RnD
$10.41M
$9.11M – $12.15M (±1% cap)
NOI $728,910 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$18.00M
$15.75M – $21.00M (±1% cap)
NOI $1,260,000 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Family Church Church Family Christian Academy High School

Suggested Use

Real Estate Agency Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Spa & Massage Center Hair Salon Storage Facility Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Church & religious facility - Adaptable 70,000 SF building suitable for diverse business ventures.
Where is this church & religious facility located?
The property is located at 14718 WOODFORD DR Houston, TX.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: 70,000 sq ft of usable space suitable for various purposes.; Direct access and high visibility from Beltway 8 NE, close to Interstate 10 East.; Ample parking for staff/employees and customers.
Contact an agent
(281) 843-5200 Call to check price and availability
More about this property
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