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LBW Ranches LLC Professional Building 120 S Charlton St 4,360 SF 10% Leased Office Building Woodville, TX 75979 $249,500 ($57.22/SF)
INVESTMENT HIGHLIGHTS
- located on courthouse square
- kitchen and ada bathrooms 10 office spaces left to rent out or own the entire building and keep the income for yourself
- heavey foot traffic
EXECUTIVE SUMMARY
Partially leased on a 2 year renewal basis. Just renewed on 03/01/2025 for another 2 years at $1280/month and tenant pays 50% of all utilities for entire building in December of each year. Every 2 years at renewal there is a 3% increase in rents and tenant has been utilizing lobby, offices 1-3 since 2020.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$15,360
|
$3.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$15,360
|
$3.52
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $15,360 |
| Annual Per SF | $3.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $15,360 |
| Annual Per SF | $3.52 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,360 SF
Building Class
B
Year Built/Renovated
1961/2006
Price
$249,500
Price Per SF
$57.22
Percent Leased
10%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,360 SF
Building FAR
1.00
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
N/A - No zoning, unrestricted
Parking
23 Spaces (5.28 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Hooks Title & Abstract
- Real Estate
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Hooks Title & Abstract | Real Estate | - | - | - |
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PROPERTY TAXES
| Parcel Number | R23766 | Improvements Assessment | $193,382 |
| Land Assessment | $4,750 | Total Assessment | $198,132 |
PROPERTY TAXES
Parcel Number
R23766
Land Assessment
$4,750
Improvements Assessment
$193,382
Total Assessment
$198,132
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LBW Ranches LLC Professional Building | 120 S Charlton St
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