17146 Eldridge PkwyTomball, TX 77377

For Sale
$377,000
Prime Tomball office, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional Class A office condominium, located at 17146 N Eldridge Pkwy, Tomball, TX 77377, presents a compelling investment opportunity. Built in 2020, this 1,250 square foot unit boasts a 100% occupancy rate with a lease extending to March 1, 2024, generating a strong net operating income (NOI) of $28,886 and a 7.66% cap rate. Situated in a thriving area experiencing significant growth (4.4% in the last 12 months and over 20% since 2020), this property benefits from high demand for smaller office spaces. The location at a highly trafficked intersection on Spring Cypress and Hwy 249 provides exceptional visibility and accessibility, surrounded by numerous national chain restaurants, quick-service restaurants, and major retail establishments, including a Super Walmart Center. The property's modern design and attractive location make it highly desirable for tenants, ensuring consistent rental income. This single-unit, one-story building offers a competitive price point compared to similar properties in the area, making it an ideal owner-user or investment property. The strong market fundamentals and high occupancy rate make this a rare opportunity in the Tomball commercial real estate market. This is a turnkey investment ready for immediate income generation.

Property Details for 17146 Eldridge Pkwy

Property type
Office properties
Square Feet
1,250 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

FAQs

What type of property is this?
Office property - Prime Tomball office, high ROI.
Where is the office property located?
The property is located at 17146 Eldridge Pkwy Tomball, TX.
What is the asking price?
The asking price for this property is $377,000.
How can I contact the broker?
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17146 Eldridge Pkwy
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