The Woodlands Prime Mixed-Use
118 Shenandoah Dr Shenandoah, TX 77381
118 Shenandoah Dr, Shenandoah, TX, 77381
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For Sale
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Adaptable space in high-traffic area near I-45.
Property Size5,600 SF
Price / SF$300
Days on Market1132
Property Features for 118 Shenandoah Dr
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1979
Listing Agency
Texas Glocal Partners
(281) 747-6334
Listed by
Pablo Uriegas · License #9003017
Source
Crexi
Added: Jun 12, 2023 Checked: Jul 17 at 3:16 am
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 Texas Glocal Partners
Investment Insights
Based on property information with market context.
This property offers flexibility and a prime location in a highly trafficked mixed-use strip in The Woodlands, Texas. Currently occupied by a tenant on a month-to-month lease, the 5,600 square foot space offers adaptability for future tenants. The location provides visibility and accessibility, being situated steps away from I-45. The property is suitable for both office and retail uses, or a combination of the two. The location ensures continuous foot traffic, ample parking, and connectivity to surrounding neighborhoods and major transportation routes. This property is positioned in the heart of a thriving area with a strong community and high demand for commercial properties.
Key Highlights
- Prime location in The Woodlands with high visibility and accessibility
- Adaptable space suitable for office, retail, or mixed‑use
- High traffic area in a mixed‑use strip
Local Financial Insights For Retail
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 | $114.9k | $20.52 |
| − Vacancy | −$6.4k | −$1.15 |
| EGI | $108.5k | $19.37 |
| − OpEx | −$32.5k | −$5.81 |
| NOI | $75.9k | $13.56 |
5,600 SF · lease $20.52/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$949.2K – $1.27M
NOI $75,934 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$937.9K
$820.6K – $1.09M
NOI $65,651 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,961 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Adaptable space in high-traffic area near I-45.
Where is this mixed-use property located?
The property is located at 118 Shenandoah Dr Shenandoah, TX.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Prime location in The Woodlands with high visibility and accessibility; Adaptable space suitable for office, retail, or mixed‑use; High traffic area in a mixed‑use strip
