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Property profile & analytics
OFF-MARKET
Medical Office Space

26410 Oak Ridge Dr Spring, TX 77380

8,000 SF Built 2016
Entity Owned 8-yr Hold
Property ID
US83-2510042
Property summary
AI-generated overview

This exceptional 8,000-square-foot Class B office building, located at 26410 Oak Ridge Dr, Spring, TX 77380, presents a compelling investment opportunity. Built in 2016, this single-story structure boasts a desirable location in the Woodlands area, offering convenient access to major thoroughfares and amenities. Currently operating under a triple-net lease (NNN) agreement, the property features a multi-tenant occupancy of approximately 60%, with a diverse tenant base representing the insurance, financial, and medical sectors. The asking price is $2,290,000, translating to a price per square foot of $286.25 and an attractive 7.61% capitalization rate. The property is zoned for commercial use and offers significant potential for owner-occupancy, should the buyer desire. With 8,000 square feet of net rentable space, this property provides ample room for expansion or consolidation. The building is situated in Montgomery County and is expected to reach full occupancy by July 10, 2024. This is a rare opportunity to acquire a well-located, income-producing office building with strong potential for future growth. The property's diverse tenant mix ensures a stable income stream, making it an ideal investment for both seasoned and emerging investors.

Property profile
Verified
Property type Medical Office Space
Year built 2016
Total area 8,000 SF
UPID US83-2510042
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
  • Mrs. Kara Lewis Physician
  • Anthem Executive | Search & Consulting | Houston Office Employment Agency
  • Jung Hun Song Alternative Medicine Practice Acupuncture
  • Med Alert International Corporation Physician
  • Allied Wealth: Ryan Wheless Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bluebird Prof Center LLC · 8 yrs held
Bluebird Prof Center LLC
since 2018
3 recorded transactions
2021
Price N/A
2018
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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