Property profile

1101 Johnson Dr McGregor, TX 76657

OFF-MARKET
Office Spaces
51,562 SF Built 1967
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Property summary

AI-generated overview

This exceptional 51,562-square-foot Class A office building, situated on a sprawling 54.31-acre lot in McLennan County, presents a unique investment opportunity. Constructed in 1967, this two-story building features a full basement, all fully air-conditioned and equipped with a fire-resistive structure. The high ceilings, measuring 10'6", provide ample space and a modern feel. The property boasts 11 offices and 4 training rooms, along with a large break room and 10 restroom facilities, catering to a variety of business needs. The basement is fully sprinklered for enhanced safety. Ample parking is available with over 500 spaces, including 9 designated handicap spaces. The building is serviced by all city utilities and offers 3-phase 480V power. For added convenience and reliability, there's an on-site UPS system and a 750kva 600kw generator (installed in 2018). AT&T, Verizon, and Spectrum services are readily available. The property is zoned R and currently features a single tenant occupancy, offering significant potential for future development or lease expansion. This is a rare opportunity to acquire a substantial, well-maintained Class A office complex with significant land holdings. The property's size, amenities, and location make it an ideal investment for discerning buyers seeking a high-return asset in a desirable market.

Property profile

Verified
Property type Office Spaces
Year built 1967
Total area 51,562 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1101 Johnson Dr McGregor, TX 76657
McGregor metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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