1824 Sawdust Rd Spring, TX 77380
Two leased office buildings on 1.8 acres in The Woodlands.
Property Features for 1824 Sawdust Rd
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Lot size
- 1.80 Acres
- Property subtype
- Office
Listing office eXp Realty (281) 723-3336
Listing date Nov 11, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Tenant in place through November 31, 2028, generating $14,000/month gross income with scheduled increases.
- Potential for owner financing.
- Located in The Woodlands, TX, rated #1 Best Community to Live by Niche.com for two consecutive years.
Local Financial Insights For Office B
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 | $126.3k | $20.04 |
| − Vacancy | −$27.8k | −$4.41 |
| EGI | $98.5k | $15.63 |
| − OpEx | −$24.6k | −$3.91 |
| NOI | $73.9k | $11.72 |
