Office Unit with Multiple
11123 McCracken Cir Cypress, TX 77429
For Sale
Contact for pricing
Pending
Office unit featuring a large entry and additional enclosed rooms.
Property Size675 SF
Days on Market639
Property Features for 11123 McCracken Cir
General Information
- Standard status
- Pending
- Size
- 675 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency:
Gardner Realty
(713) 545-6170
Listed By:
Jason Myers · License #586442
Source:
Crexi
Added: Oct 26, 2024
Changed: Jul 10
Last Checked: Jul 25 at 8:09AM
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 Gardner Realty
Investment Insights
Based on property information with market context.
This 675 square foot office unit features a large entry room suitable for a lobby or multiple workstations. The layout includes two additional enclosed rooms, a kitchen area, a private bathroom, and a conference room. The property is handicap accessible with a ramp and includes a duck pond. The property is currently vacant and available for showings.
Key Highlights
- Handicap accessible with ramp for easy entry.
- Large entry room, ideal for a lobby or workstations.
- Two additional enclosed rooms offer flexible space.
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 | $15.6k | $23.04 |
| − Vacancy | −$3.8k | −$5.58 |
| EGI | $11.8k | $17.46 |
| − OpEx | −$2.9k | −$4.37 |
| NOI | $8.8k | $13.10 |
675 SF · lease $23.04/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$126.3K
$110.5K – $147.4K
NOI $8,841 @ 7.0% cap · market cap 6.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$184.3K
$161.3K – $215.0K
NOI $12,902 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Insightful Life CounselingCenter, ...
Counselor
THERAPY WITH SANA
Family Counselor
Enrichment Services Inc
Tutoring Service
Dolphins HVAC Repair ...
HVAC Service
FAQs
What type of property is this?
Office units - Office unit featuring a large entry and additional enclosed rooms.
Where is this office units located?
The property is located at 11123 McCracken Cir Cypress, TX.
What is the asking price?
The asking price for this property is $138,000.
What are key features of this property?
This property features: Handicap accessible with ramp for easy entry.; Large entry room, ideal for a lobby or workstations.; Two additional enclosed rooms offer flexible space.
