Renovated Office Building Near
For Sale
Contact for pricing
Pending
26519 Oak Ridge Dr, Spring, TX 77380
Two-story, 3,700 sq. ft. office building with excellent access.
Property Size3,648 SF
Days on Market773
Property Features for 26519 Oak Ridge Dr
General Information
Standard status
Pending
Size
3,648 SF
Total Parking Spaces
28
Property subtype
Office, Retail
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Renovated
2024
Buildings
1
Stories
2
Listing Agency:
Willow Creek Commercial
(832) 303-0465
Listed By:
Tasha Bason · License #626868
Source:
Crexi
Added: Jul 21, 2024
Changed: Aug 21
Last Checked: Aug 29 at 6:50PM
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 Willow Creek Commercial
Investment Insights
Based on property information with market context.
This 3,700 sq. ft. two-story office building is located off I-45, between Rayford and The Woodlands Parkway, offering access to amenities and business hubs. The property has been renovated inside and out, with the masonry, foundation, and studs retained. It features parking and high visibility. The building includes ADA-compliant restrooms, a smart building system, and a new HVAC system. A new roof ensures long-term durability. The property is ready for immediate occupancy. This office space is suitable for businesses seeking convenience and prominence.
Key Highlights
- Prime Location: Strategically situated off I‑45, between Rayford and The Woodlands Parkway.
- Completely Renovated down to the studs with a new roof, ensuring a fresh, modern look and long‑term durability.**
- Excellent Parking and High Visibility for maximum exposure.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,767
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,340
$855.3K
Cap Rate 7%
$610,957
$611.0K
Cap Rate 9%
$475,189
$475.2K
Market Conditions
NOI Build-Up for 3,648 SF
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.
Gross rent
$73.1K $20.04/SF
− Vacancy
−$16.1K −$4.41/SF
EGI
$57.0K $15.63/SF
− OpEx
−$14.3K −$3.91/SF
NOI
$42.8K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$855,340
Cap Rate 7%
$610,957
Cap Rate 9%
$475,189
Alternative Uses
Best Use
Office B
$611.0K
$534.6K – $712.8K
NOI $42,767 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$920.9K
$805.8K – $1.07M
NOI $64,466 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 77380, TX
27,651
Population
16,232
Households
1.7
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
2,230
Density / Sq Mi
$84,468
Median Household Income
$51,286
Median Earnings
$1,607
Median Rent
$343,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story, 3,700 sq. ft. office building with excellent access.
Where is this office building located?
The property is located at 26519 Oak Ridge Dr Spring, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime Location: Strategically situated off I‑45, between Rayford and The Woodlands Parkway.; Completely Renovated down to the studs with a new roof, ensuring a fresh, modern look and long‑term durability.**; Excellent Parking and High Visibility for maximum exposure.
