17146 Eldridge PkwyTomball, TX 77377

For Sale
$188,000

Prime Tomball office, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional Class A office condominium, located at 17146 N Eldridge Pkwy, Suite G, Tomball, TX 77377, presents a compelling investment opportunity. Built in 2020, this 625 square foot single-unit space boasts a 100% occupancy rate with a gross lease in place commencing March 1, 2024, and expiring October 31, 2026. The property offers a strong 8.95% cap rate and a Net Operating Income (NOI) of $16,823. Situated in a high-growth area of Tomball, experiencing a 4.4% increase in growth over the past 12 months and over 20% since 2020, this location benefits from high traffic counts exceeding 40,000 vehicles daily on Spring Cypress Road. The surrounding area features numerous national chain restaurants, quick-service restaurants, and major retail establishments, including a Super Walmart Center. The property's strategic location at a well-lit, hard-corner intersection contributes to its high visibility and accessibility. This attractive, clean complex offers a desirable environment for both tenants and owners, making it an ideal investment or owner-user property. The asking price is $188,000. The property is zoned N/A.

Highlights

  • Class A office condominium, built in 2020, in a strong office market.
  • Excellent owner-user or investment opportunity due to high demand for newer small office space.
  • Currently leased at market rate with a recent lease extension, ensuring consistent rental income.
  • Located at a highly visible, hard-corner intersection on a major Northwest Houston thoroughfare in a desirable, modern complex.
  • Offered at a competitive 9% capitalization rate.

Property Details for 17146 Eldridge Pkwy

Property type
Other office properties, Office properties
Square Feet
625 SF
Class
A
Year Built
2020
Buildings
1
Stories
1
Units
1

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.0143536
Longitude
-95.6067657
17146 Eldridge Pkwy, Tomball, Texas

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17146 Eldridge Pkwy
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