Versatile Multi-Purpose Building For
14718 WOODFORD DR Houston, TX 77015
For Sale
Contact for pricing
Adaptable 70,000 SF building suitable for diverse business ventures.
Property Size70,000 SF
Price / SF$140
Days on Market76
Property Features for 14718 WOODFORD DR
General Information
- Standard status
- Active
- Size
- 70,000 SF
- Property subtype
- Office, Mixed Use, Special Purpose
Listing Agency:
Encore Feature Properties LLC
(281) 843-5200
Listed By:
Rita Jackson · License #9000691
Source:
Crexi
Added: May 13
Changed: Jul 10
Last Checked: Jul 26 at 10:58AM
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.
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
NOI $816,480 @ 7.0% cap · market cap 8.33%
Second Best
Flex RnD
$10.41M
$9.11M – $12.15M
NOI $728,910 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$18.00M
$15.75M – $21.00M
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
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.
