1504 E MULBERRY ST Angleton, TX 77515
Office building leased to the State of Texas available for purchase.
Property Features for 1504 E MULBERRY ST
General Information
- Standard status
- Active
- Size
- 11,156 SF
- Property subtype
- Office
Building Details
- Year Built
- 1998
Listing office Northmarq - Houston (832) 368-0374
Listing date May 12, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- Leased to the State of Texas.
- Investment‑grade credit rating of AAA by Standard & Poor's.
- Investment‑grade credit rating of Aaa by Moody's.
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 | $330.7k | $29.64 |
| − Vacancy | −$82.3k | −$7.38 |
| EGI | $248.3k | $22.26 |
| − OpEx | −$62.1k | −$5.56 |
| NOI | $186.2k | $16.69 |
