Two-Story Office Building
For Sale
Contact for pricing
26310 Oak Ridge Dr, Spring, TX 77380
Two-story office building with 42 tenants near major thoroughfares.
Property Size21,320 SF
Price / SF$257.97
Days on Market1073
Property Features for 26310 Oak Ridge Dr
General Information
Standard status
Active
Size
21,320 SF
Class
B
Total Parking Spaces
51
Property subtype
Office
Occupancy
95%
Lease Type
Modified Gross
Net Operating Income
$250,700
Building Details
Year Built
2014
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty
Listed By:
Bill Smith · License #TX 291078
(281) 723-3336
Source:
Crexi
Added: Nov 6, 2023
Changed: Oct 12
Last Checked: Oct 12 at 7:06PM
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
Investment Insights
Based on property information with market context.
This two-story office building presents an investment opportunity in a prime location. The property is situated minutes from I-45, Hardy Toll Road, and Grand Parkway, offering convenient access to amenities in The Woodlands. The building accommodates 42 tenants and has one current vacancy. The owner occupies approximately 1,000 square feet within the 21,320 square foot building.
Key Highlights
- Prime location near I‑45, Hardy Toll Rd, and Grand Parkway.
- Proximity to amenities in The Woodlands.
- Two‑story office building with 42 tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$249,943
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,998,860
$5.0M
Cap Rate 7%
$3,570,614
$3.6M
Cap Rate 9%
$2,777,144
$2.8M
Market Conditions
NOI Build-Up for 21,320 SF
Gross rent
$427.3K $20.04/SF
− Vacancy
−$94.0K −$4.41/SF
EGI
$333.3K $15.63/SF
− OpEx
−$83.3K −$3.91/SF
NOI
$249.9K $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 Rate 5%
$4,998,860
Cap Rate 7%
$3,570,614
Cap Rate 9%
$2,777,144
Alternative Uses
Best Use
Office B
$3.57M
$3.12M – $4.17M
NOI $249,943 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.38M
$4.71M – $6.28M
NOI $376,760 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,278
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with 42 tenants near major thoroughfares.
Where is this office building located?
The property is located at 26310 Oak Ridge Dr Spring, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Prime location near I‑45, Hardy Toll Rd, and Grand Parkway.; Proximity to amenities in The Woodlands.; Two‑story office building with 42 tenants.
