12-Unit Apartment
25115 Harper Lane, The Woodlands, TX 77380
For Sale
$2,500,000
Each residence offers two bedrooms, two bathrooms, in-unit laundry connections, and stainless steel appliances.
Property Size13,920 SF
Price / SF$179.60
Days on Market1043
Property Features for 25115 Harper Lane
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
washer/dryer connections
stainless steel appliances
Building Details
Building Size
Year Built
Listing Agency:
REALM Real Estate Professionals - North Houston
Listed By:
Olivia Williams · License #0456376
(832) 473-6588
Source:
Jakemooregroup
Added: Jan 2, 2024
Changed: Nov 6
Last Checked: Nov 8 at 3:04PM
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 REALM Real Estate Professionals - North Houston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2023, this 12-unit apartment property contains 13,920 square feet. The units are approximately 1,160 square feet each, with two bedrooms and two bathrooms, washer and dryer connections, and stainless steel appliances. The property is described as having little to no deferred maintenance.
The complex is in The Woodlands, near shopping and with access to major thoroughfares. Parking is available on site.
The complex is in The Woodlands, near shopping and with access to major thoroughfares. Parking is available on site.
Key Highlights
- 12 apartments, each approximately 1,160 square feet
- Two‑bedroom, two‑bathroom layouts
- Washer and dryer connections in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,995
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,900
$3.8M
Cap Rate 7%
$2,699,929
$2.7M
Cap Rate 9%
$2,099,944
$2.1M
Market Conditions
NOI Build-Up for 13,920 SF
Gross rent
$362.5K $26.04/SF
− Vacancy
−$18.8K −$1.35/SF
EGI
$343.6K $24.69/SF
− OpEx
−$154.6K −$11.11/SF
NOI
$189.0K $13.58/SF
Area
The Woodlands, TX
Vacancy
5.20%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,900
Cap Rate 7%
$2,699,929
Cap Rate 9%
$2,099,944
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,995 @ 7.0% cap · market cap 7.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.30M
$3.76M – $5.01M
NOI $300,672 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
12
Residential units
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 Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Each residence offers two bedrooms, two bathrooms, in-unit laundry connections, and stainless steel appliances.
Where is this apartment building located?
The property is located at 25115 Harper Lane The Woodlands, TX.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12 apartments, each approximately 1,160 square feet; Two‑bedroom, two‑bathroom layouts; Washer and dryer connections in each unit
