Renovated Office Space Near
For Sale
$999,999
26206 Oak Ridge Drive, Spring, TX 77380
3,030 SF renovated office space with expansion potential.
Property Size3,154 SF
Lot Size0.54 Acres
Days on Market319
Property Features for 26206 Oak Ridge Drive
General Information
Standard status
Active
Size
3,154 SF
Class
B
Lot size
0.54 Acres
Property subtype
Office
Zoning
6
Amenities
Complete remodel 2022 (Interior, Plumbing, Electrical etc.)
Commercial Grade Fire Alarm.
Center and area provide: 1. 3,030 SF office space 2. Easy access to I -45, Grand Parkway, IAH, and Beltway 8 3.
Private offices, group offices and large training room 4.
Remodeled, new roof and ready for occupancy 5.
Close to many dining and shopping options
Building Details
Building Size
3,154 SF
Year Built
1968
Listing Agency:
Commercial Advisors Group, RE/MAX Integrity
(281) 686-9445
Listed By:
Patrick Buckhoff · License #9005284
(281) 686-9445
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: May 9 at 5:34AM
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 Commercial Advisors Group, RE/MAX Integrity
Investment Insights
Based on property information with market context.
This 3,030 SF office space is located minutes from I-45 and Grand Parkway in The Woodlands. The recently remodeled office features 4 private offices, a conference room, and a large training/bullpen area. Situated on over half an acre, the property offers room to expand. The location provides convenient access to major thoroughfares, being 5 minutes from I-45, 7 minutes from Grand Parkway, 5 minutes to Beltway 8, 15 minutes to Highway 242, and 23 minutes to George Bush Intercontinental Airport (IAH). The property is located in the Oak Ridge area, near shopping, dining, and major thoroughfares. A lease is in place for the property thru June 30, 2026.
Key Highlights
- Prime location with excellent accessibility to I‑45, Grand Parkway, and other major thoroughfares.
- 3,030 SF fully renovated office space** with 4 private offices, a conference room, and a large training/bullpen area.
- Lease in place through June 30, 2026.
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
$36,976
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
3.70%
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%
$739,520
$739.5K
Cap Rate 7%
$528,229
$528.2K
Cap Rate 9%
$410,844
$410.8K
Market Conditions
NOI Build-Up for 3,154 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
$63.2K $20.04/SF
− Vacancy
−$13.9K −$4.41/SF
EGI
$49.3K $15.63/SF
− OpEx
−$12.3K −$3.91/SF
NOI
$37.0K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /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%
$739,520
Cap Rate 7%
$528,229
Cap Rate 9%
$410,844
Alternative Uses
Best Use
Office B
$528.2K
$462.2K – $616.3K
NOI $36,976 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$796.2K
$696.7K – $928.9K
NOI $55,736 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,435
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 - 3,030 SF renovated office space with expansion potential.
Where is this office building located?
The property is located at 26206 Oak Ridge Drive Spring, TX.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime location with excellent accessibility to I‑45, Grand Parkway, and other major thoroughfares.; 3,030 SF fully renovated office space** with 4 private offices, a conference room, and a large training/bullpen area.; Lease in place through June 30, 2026.
