The Woodlands Class C
For Sale
$4,250,000
1600 Lake Front Circle, The Woodlands, TX 77380
22,142 SF Class C office building for sale.
Property Size22,142 SF
Price / SF$191.94
Days on Market274
Property Features for 1600 Lake Front Circle
General Information
Standard status
Active
Size
22,142 SF
Class
C
Property subtype
Office
Building Details
Building Size
22,142 SF
Year Built
1983
Listing Agency:
SVN | J. Beard Real Estate - Greater Houston
(281) 367-2220
Listed By:
Matt Knagg · License #0400693
Source:
Jbeardcompany
Added: Nov 21, 2025
Changed: Aug 22
Last Checked: Aug 22 at 4:40AM
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 SVN | J. Beard Real Estate - Greater Houston
Investment Insights
Based on property information with market context.
This is a 22,142 square foot Class C office building situated on approximately 1.98 acres in The Woodlands, TX. The two-story building features an interior elevator and additional direct access to the second story through an exterior stairway. The property has 83 total parking spaces, yielding a ratio of 4.35 per 1000. Located on Lake Front Circle between Lake Woodlands Drive and Research Forest Drive, both being major thoroughfares into and out of The Woodlands, the location provides direct access to I-45, connecting Dallas to Houston. The property is conveniently located approximately 0.5 miles west of Memorial Herman The Woodlands Hospital and 2.5 miles south of Texas Children’s Hospital, St. Luke’s Health The Woodlands, and Houston Methodist The Woodlands Hospital. The building could be used as an owner/user property or investment. The location is in the center of The Woodlands, within a half mile of The Woodlands Mall, Town Center, Market Street, and Hughes Landing, and is surrounded by other restaurant, retail, office, and hospitality businesses.
Key Highlights
- Prime location in The Woodlands, within a half mile of The Woodlands Mall, Town Center, Market Street, and Hughes Landing.
- Convenient access to major thoroughfares and I‑45, connecting Dallas to Houston.
- 22,142 square foot Class C office building on approximately 1.98 acres.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$361,909
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,238,180
$7.2M
Cap Rate 7%
$5,170,129
$5.2M
Cap Rate 9%
$4,021,211
$4.0M
Market Conditions
NOI Build-Up for 22,142 SF
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.
Gross rent
$674.9K $30.48/SF
− Vacancy
−$192.3K −$8.69/SF
EGI
$482.5K $21.79/SF
− OpEx
−$120.6K −$5.45/SF
NOI
$361.9K $16.34/SF
Area
The Woodlands, TX
Vacancy
28.50%
Lease Rate
$30.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,238,180
Cap Rate 7%
$5,170,129
Cap Rate 9%
$4,021,211
Alternative Uses
Best Use
Office B
$5.17M
$4.52M – $6.03M
NOI $361,909 @ 7.0% cap · market cap 8.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.83M
$5.98M – $7.97M
NOI $478,267 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
843
Businesses Nearby
Explore this area
Business Placement
Demographics for 77380, TX
27,651
Population
16,232
Households
1.7
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,230
Density / Sq Mi
$84,468
Median Household Income
$51,286
Median Earnings
$1,607
Median Rent
$343,900
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 building - 22,142 SF Class C office building for sale.
Where is this office building located?
The property is located at 1600 Lake Front Circle The Woodlands, TX.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: Prime location in The Woodlands, within a half mile of The Woodlands Mall, Town Center, Market Street, and Hughes Landing.; Convenient access to major thoroughfares and I‑45, connecting Dallas to Houston.; 22,142 square foot Class C office building on approximately 1.98 acres.
