Office Condo with Recent
12830 Willow Centre Dr Houston, TX 77066
12830 Willow Centre Dr, Houston, TX, 77066
Contact for pricing
For Sale
Contact for pricing
Pending
Updated office condo with reception, offices, and kitchen/coffee bar.
Property Size675 SF
Days on Market808
Property Features for 12830 Willow Centre Dr
General Information
- Standard status
- Pending
- Size
- 675 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing Agency
eXp Commercial
Listed by
Huy Nguyen · License #621921
Source
Crexi
Added: May 1, 2024 Checked: Jul 16 at 9:53 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 eXp Commercial
Investment Insights
Based on property information with market context.
Located in a gated community, this 675 square foot office condo features a reception area, two private rooms, and a half-bath with a kitchen/coffee bar. The unit is suitable for an owner occupant or investment purposes. The Homeowner's Association (HOA) covers trash, grass, exterior building maintenance, and water. The condo unit has been recently updated, allowing a new owner to move in with minimal modifications. The property is located in Willow Park Condo, Unit E.
Key Highlights
- Move‑in ready: Recently updated with minimal modification needed.
- Investment potential: Previous lease history of $1400/month.
- Functional layout: Includes reception area, 2 private rooms, 1/2 bath, and kitchen/coffee bar.
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 | $14.6k | $21.60 |
| − Vacancy | −$4.1k | −$6.05 |
| EGI | $10.5k | $15.55 |
| − OpEx | −$2.6k | −$3.89 |
| NOI | $7.9k | $11.66 |
675 SF · lease $21.60/SF/yr · vacancy 28.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$112.5K
$98.4K – $131.2K
NOI $7,873 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.6K
$151.9K – $202.5K
NOI $12,150 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vanity15
Hair Salon
Stateside Right of Way ...
Real Estate Agency
Brows with Sheryl
Medical Clinic
GOOD FORMS Permanent ...
Medical Clinic
Guided Path Counseling ...
Counselor
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FAQs
What type of property is this?
Office units - Updated office condo with reception, offices, and kitchen/coffee bar.
Where is this office units located?
The property is located at 12830 Willow Centre Dr Houston, TX.
What is the asking price?
The asking price for this property is $139,000.
What are key features of this property?
This property features: Move‑in ready: Recently updated with minimal modification needed.; Investment potential: Previous lease history of $1400/month.; Functional layout: Includes reception area, 2 private rooms, 1/2 bath, and kitchen/coffee bar.
