Turnkey Office Condo For
For Sale
Contact for pricing
17904 W Lake Houston Parkway, Atascocita, TX
New office condo with private entrances and commercial-grade finishes.
Property Size1,225 SF
Lot Size0.01 Acres
Price / SF$272.98
Days on Market843
Property Features for 17904 W Lake Houston Parkway
General Information
Standard status
Active
Size
1,225 SF
Lot size
0.01 Acres
Property subtype
OFFICE
Listing Agency:
Edmonds & Company Real Estate, LLC
(346) 241-1335
Listed By:
Todd N. Edmonds · License #397499
(346) 241-1335
Source:
Moodyscre
Added: Apr 9, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:06AM
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 Edmonds & Company Real Estate, LLC
Investment Insights
Based on property information with market context.
This new office condo unit offers 1,225 square feet of space. The layout includes four offices, a lounge, a restroom, closets, and a reception area. An interior office features two transom casement windows to allow natural light. The single-story building has private entrances and commercial-grade finishes. The unit has its own HVAC system and is individually metered. The reception area features crown molding, and the lounge has granite countertops. The property is fully landscaped, and exterior maintenance is handled as part of a Property Owners Association. Office sizes in the building range from approximately 1,225 to 6,125 square feet. Individual units include private offices, a conference room, a break room, a restroom, and a reception area.
Key Highlights
- New office condo with turnkey or build‑to‑suite options.
- Unit 202: 1,225 SF with 4 offices, lounge, restroom, closets, and reception area.
- Individually metered with own HVAC system.
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 | $28.2k | $23.04 |
| − Vacancy | −$6.8k | −$5.58 |
| EGI | $21.4k | $17.46 |
| − OpEx | −$5.3k | −$4.37 |
| NOI | $16.0k | $13.10 |
1,225 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$229.2K
$200.6K – $267.4K
NOI $16,045 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.5K
$292.7K – $390.2K
NOI $23,414 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
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 - New office condo with private entrances and commercial-grade finishes.
Where is this office units located?
The property is located at 17904 W Lake Houston Parkway Atascocita, TX.
What is the asking price?
The asking price for this property is $334,400.
What are key features of this property?
This property features: New office condo with turnkey or build‑to‑suite options.; Unit 202: **1,225 SF with 4 offices, lounge, restroom, closets, and reception area.**; Individually metered with own HVAC system.
