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Friendswood Business Park 107 Woodlawn Dr 14,300 SF 4-Star Office Building Friendswood, TX 77546 For Sale



Investment Highlights
- Appealing Modern Construction
- Hard Corner Lot
- High Income Area
Executive Summary
Great Invest Property for Owner-User, or Investor. The building is strategically located on a "hard corner" lot, offering dual road frontage and visibility from multiple directions to passing traffic. This premier location in a high-income area ensures maximum brand exposure and easy client access. The interior boasts high ceilings, which create an open, airy atmosphere and can accommodate various configurations, from open-plan retail displays to office setups or medical space. Ample on-site parking is a key feature, ensuring convenience for both staff and customers and setting it apart from older, more congested downtown locations. The property is easily accessible via major roadways and has 2 clear entry/exit points. As a newer build in a desirable location, it is equipped with modern amenities efficient HVAC systems, and high-quality finishes throughout.
Friendswood, TX, has a population of around 41,000, a median age near 40 (slightly older than surrounding areas), high education levels (many bachelor's degrees), and high median household incomes, reflecting a prosperous suburban community with strong homeownership and excellent schools.
Friendswood, TX, has a population of around 41,000, a median age near 40 (slightly older than surrounding areas), high education levels (many bachelor's degrees), and high median household incomes, reflecting a prosperous suburban community with strong homeownership and excellent schools.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$336,000
|
$23.50
|
| Other Income |
$94,920
|
$6.64
|
| Vacancy Loss |
$5
|
$0.00
|
| Effective Gross Income |
$430,915
|
$30.13
|
| Taxes |
$52,151
|
$3.65
|
| Operating Expenses |
$28,000
|
$1.96
|
| Total Expenses |
$80,151
|
$5.60
|
| Net Operating Income |
$350,764
|
$24.53
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $336,000 |
| Annual Per SF | $23.50 |
| Other Income | |
|---|---|
| Annual | $94,920 |
| Annual Per SF | $6.64 |
| Vacancy Loss | |
|---|---|
| Annual | $5 |
| Annual Per SF | $0.00 |
| Effective Gross Income | |
|---|---|
| Annual | $430,915 |
| Annual Per SF | $30.13 |
| Taxes | |
|---|---|
| Annual | $52,151 |
| Annual Per SF | $3.65 |
| Operating Expenses | |
|---|---|
| Annual | $28,000 |
| Annual Per SF | $1.96 |
| Total Expenses | |
|---|---|
| Annual | $80,151 |
| Annual Per SF | $5.60 |
| Net Operating Income | |
|---|---|
| Annual | $350,764 |
| Annual Per SF | $24.53 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
14,300 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,300 SF
1 1
Property Taxes
| Parcel Number | 2139-0000-0002-000 | Total Assessment | $2,625,000 (2025) |
| Land Assessment | $880,350 (2025) | Annual Taxes | $52,151 ($3.65/SF) |
| Improvements Assessment | $1,744,650 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2139-0000-0002-000
Land Assessment
$880,350 (2025)
Improvements Assessment
$1,744,650 (2025)
Total Assessment
$2,625,000 (2025)
Annual Taxes
$52,151 ($3.65/SF)
Tax Year
2026
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Friendswood Business Park | 107 Woodlawn Dr
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