Spacious Medical Center with
For Sale
Contact for pricing
26407 Oak Ridge Dr, Spring, TX 77380
Large medical center with owner financing in The Woodlands.
Property Size7,688 SF
Price / SF$258.84
Days on Market878
Property Features for 26407 Oak Ridge Dr
General Information
Standard status
Active
Size
7,688 SF
Class
B
Property subtype
Office
Zoning
Unrestricted
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2012
Year Renovated
2012
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Bill Smith · License #TX 291078
(281) 723-3336
Source:
Crexi
Added: May 21, 2024
Changed: Oct 14
Last Checked: Oct 14 at 9:46PM
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
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- Owner financing available with great terms.
- Strategically located near Interstate 45 with easy access.
- Large medical center with 17 treatment rooms/offices.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,754
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,080
$2.3M
Cap Rate 7%
$1,625,057
$1.6M
Cap Rate 9%
$1,263,933
$1.3M
Market Conditions
NOI Build-Up for 7,688 SF
Gross rent
$227.9K $29.64/SF
− Vacancy
−$38.3K −$4.98/SF
EGI
$189.6K $24.66/SF
− OpEx
−$75.8K −$9.86/SF
NOI
$113.8K $14.80/SF
Area
Montgomery County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,275,080
Cap Rate 7%
$1,625,057
Cap Rate 9%
$1,263,933
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- H-Town Veterinary Specialists (Woodlands) — 26215 Oak Ridge Dr, The Woodlands, TX 77380
- The Woodlands Animal Cancer and Referral Center — 26215 Oak Ridge Dr, The Woodlands, TX 77380
- Cat Scan Center Inc — 1733 Woodstead Ct #100, Spring, TX 77380
Frequently Asked Questions
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.
