Shenandoah Office Condo For
256 Ed English Dr Shenandoah, TX 77385
256 Ed English Dr, Shenandoah, TX, 77385
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For Sale
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Office condominium in a convenient Shenandoah location.
Property Size813 SF
Price / SF$264.45
Days on Market877
Property Features for 256 Ed English Dr
General Information
- Standard status
- Active
- Size
- 813 SF
- Property subtype
- Office
Building Details
- Year Built
- 2016
Listing Agency
Sendero Group
(830) 237-0098
Listed by
Devin Baker · License #656289
Source
Crexi
Added: Feb 21, 2024 Checked: Jul 13 at 8:41 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 Sendero Group
Investment Insights
Based on property information with market context.
Portofino Plaza is an office condominium community located in Shenandoah, situated off I-45 north of The Woodlands. The property is located within a retail corridor near Sam's Club and the Portofino Shopping Center, which includes Old Navy, TJ Maxx, and PetSmart, as well as Pappasito's Cantina. The property, with a size of 813 square feet, features a layout that includes a reception area, a private bathroom, and a kitchenette, along with two offices. The property is suited for professionals specializing in insurance, wellness, and tax preparation, and would be suitable for a business needing professional office space with private access for practitioners and clients.
Key Highlights
- Convenient location off I‑45, north of The Woodlands.
- Proximity to retail corridor including Sam's Club, Portofino Shopping Center, and Pappasito's Cantina.
- Ideal for professionals needing private office space with private access.
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 | $16.3k | $20.04 |
| − Vacancy | −$3.6k | −$4.41 |
| EGI | $12.7k | $15.63 |
| − OpEx | −$3.2k | −$3.91 |
| NOI | $9.5k | $11.72 |
813 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$136.2K
$119.1K – $158.9K
NOI $9,531 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$205.2K
$179.6K – $239.5K
NOI $14,367 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Office condominium in a convenient Shenandoah location.
Where is this office units located?
The property is located at 256 Ed English Dr Shenandoah, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Convenient location off I‑45, north of The Woodlands.; Proximity to retail corridor including Sam's Club, Portofino Shopping Center, and Pappasito's Cantina.; Ideal for professionals needing private office space with private access.
