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Property profile & analytics
OFF-MARKET Estimated value $560,000
Office Spaces

1305 Parkwood Ave Ste A101 Friendswood, TX 77546-5700

2,500 SF 0.19 ac lot Built 2008
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US82-2898253
Property summary
AI-generated overview

Barras Business Park, located at 1305 W Parkwood Ave in Friendswood, Texas (zip code 77546), offers a diverse range of office spaces ideal for various business needs. This Class B office park boasts a total of 60,000 square feet and currently has multiple spaces available, ranging from 1,200 square feet to 14,000 square feet. The property is categorized as a Medical Office, Traditional Office, and Creative Office building, providing flexibility for a variety of tenants. Situated in Galveston County, this location benefits from high visibility due to existing stable tenants, ensuring significant foot traffic and exposure for your business. The address is easily accessible within Friendswood, offering convenient access for employees and clients alike. The multiple tenancy structure provides a dynamic and collaborative environment. Interested parties should inquire for details on available spaces and lease terms. This prime location in a thriving community presents a unique opportunity for businesses seeking high-quality office space in a well-established business park. The property's diverse space options cater to businesses of all sizes, from small startups to larger established companies. The convenient location and high visibility make this an exceptional opportunity for businesses seeking to establish or expand their presence in the Friendswood area.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 2008
Total area 2,500 SF
Lot 0.19 ac (8,342 SF)
APN 1629-0000-0101-000
UPID US82-2898253
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Walter D. Gaffney Jr, DDS Dental Office
  • Allstate Personal Financial Representative: Michael Wiggins Financial Advisor
  • Champions Insurance Agency Insurance Agency
  • Dr. Chelsea Schlegel Physician Medical Clinic
  • Hopkins Victoria R MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$525k
Comparable Approach Comparable
$598k
Blend (final) Blend
$560k
Owner & transaction history
Heritage Erectors Dev INC · 13 yrs held
Heritage Erectors Dev INC
since 2012
4 recorded transactions
2012
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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