Office Unit with Multiple
For Sale
Contact for pricing
Pending
11123 McCracken Cir, Cypress, TX 77429
Office unit featuring a large entry and additional enclosed rooms.
Property Size675 SF
Days on Market730
Property Features for 11123 McCracken Cir
General Information
Standard status
Pending
Size
675 SF
Property subtype
Office
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
1
Listing Agency:
Gardner Realty
Listed By:
Jason Myers · License #586442
(713) 545-6170
Source:
Crexi
Added: Oct 26, 2024
Changed: Oct 8
Last Checked: Oct 24 at 6:06PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$8,841
Cap Rate
6.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,820
$176.8K
Cap Rate 7%
$126,300
$126.3K
Cap Rate 9%
$98,233
$98.2K
Market Conditions
NOI Build-Up for 675 SF
Gross rent
$15.6K $23.04/SF
− Vacancy
−$3.8K −$5.58/SF
EGI
$11.8K $17.46/SF
− OpEx
−$2.9K −$4.37/SF
NOI
$8.8K $13.10/SF
Area
Harris County, TX
Vacancy
24.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$176,820
Cap Rate 7%
$126,300
Cap Rate 9%
$98,233
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,141
Businesses Nearby
Explore this area
Business Placement
Demographics for 77429, TX
94,176
Population
33,137
Households
2.8
Avg Household Size
36
Median Age
49%
College-Educated
93%
High-School Grad
37.8 sq mi
ZIP Area
2,491
Density / Sq Mi
$117,931
Median Household Income
$60,862
Median Earnings
$1,684
Median Rent
$342,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office unit featuring a large entry and additional enclosed rooms.
Where is this office unit 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.
