Spacious Medical Center with
26407 Oak Ridge Dr, Spring, TX 77380
Large medical center with owner financing in The Woodlands.
Type:Office
Property size:
7,688 SFPrice / SF:
$258/SF- Added:
- May 21, 2024
- Days on Market:
- 743
- Last Refresh:
- May 12 at 8:39 pm
Property Features for 26407 Oak Ridge Dr
General Information
- Standard status
- Active
- Size
- 7,688 SF
- Property subtype
- Office
Building Details
- Year Built
- 2012
Listing agent Bill Smith License #TX 291078
Listing office eXp Realty
Listing date May 21, 2024
Source Crexi
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 eXp Realty
HighLights
- Owner financing available with great terms.
- Strategically located near Interstate 45 with easy access.
- Large medical center with 17 treatment rooms/offices.
- 31 parking spaces with parking in both front and back.
- Large waiting room, reception, admin offices, and 6 restrooms.
- Located in The Woodlands near upscale shopping, dining, and recreational facilities.
Overview
This large medical center is situated on a wooded lot and features 31 parking spaces. Owner financing is available. The property is located one block off Interstate 45 feeder road, providing easy access. The facility includes a large waiting room with adjoining reception and admin offices, as well as 6 restrooms and 17 treatment rooms/offices. A large full kitchen and a large outdoor courtyard with a covered pavilion are also present. The second floor over the new addition features a large conference room, a record storage room, a large private office, and several seating alcoves. The entire structure, including the pavilion, has a metal roof. The property is equipped with 6 AC units and offers parking in both the front and back, along with private employee entrances. The entire facility has been well-maintained. The property is strategically located near Interstate 45, providing excellent access for commuting and logistics. Being part of The Woodlands, this location benefits from nearby upscale shopping, dining, and recreational facilities. The building size is 7,688 square feet.
Local Financial Insights For Healthcare Medical
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 | $227.9k | $29.64 |
| − Vacancy | −$38.3k | −$4.98 |
| EGI | $189.6k | $24.66 |
| − OpEx | −$75.8k | −$9.86 |
| NOI | $113.8k | $14.80 |
7,688 SF · lease $29.64/SF/yr · vacancy 16.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.63M
$1.42M – $1.90M
NOI $113,754 @ 7.0% cap · market cap 5.72%
Second Best
Office B
$1.29M
$1.13M – $1.50M
NOI $90,129 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,860 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Carlin Speech Pathology ...
Physician
Catherine Arceneaux
Physician
Linda Curington
Physician
Sue E. Pollard-Allegar, ...
Physician
Sommer R. Wells, ...
Physician
Similar Places Nearby
- H-Town Veterinary Specialists (Woodlands) — 26215 Oak Ridge Dr, The Woodlands, TX 77380
- Cat Scan Center Inc — 1733 Woodstead Ct #100, Spring, TX 77380
- The Woodlands Animal Cancer and Referral Center — 26215 Oak Ridge Dr, The Woodlands, TX 77380
Location Insight
- Map
- Local Demand
- City
- Spring
- County
- Montgomery
- State
- Texas
- Longitude
- -95.44932
- Latitude
- 30.144806
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Large medical center with owner financing in The Woodlands.
Where is this medical office space located?
The property is located at 26407 Oak Ridge Dr Spring, TX.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Owner financing available with great terms.; Strategically located near Interstate 45 with easy access.; Large medical center with 17 treatment rooms/offices.
