Renovated Office Building Near
26519 Oak Ridge Dr Spring, TX 77380
26519 Oak Ridge Dr, Spring, TX, 77380
Contact for pricing
For Sale
Contact for pricing
Pending
Two-story, 3,700 sq. ft. office building with excellent access.
Property Size3,648 SF
Days on Market728
Property Features for 26519 Oak Ridge Dr
General Information
- Standard status
- Pending
- Size
- 3,648 SF
- Property subtype
- Office, Retail
Listing Agency
Willow Creek Commercial
(832) 303-0465
Listed by
Tasha Bason · License #626868
Source
Crexi
Added: Jul 21, 2024 Checked: Jul 17 at 12:12 pm
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.
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 | $73.1k | $20.04 |
| − Vacancy | −$16.1k | −$4.41 |
| EGI | $57.0k | $15.63 |
| − OpEx | −$14.3k | −$3.91 |
| NOI | $42.8k | $11.72 |
3,648 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Braintek
Tech Support Center
Similar For Sale Nearby
FAQs
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.
