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25200 Richards Rd 9,240 SF Specialty Building Offered at $2,999,000 at a 6.45% Cap Rate in Spring, TX 77386
INVESTMENT HIGHLIGHTS
- offered at a 6.45% cap
EXECUTIVE SUMMARY
This is a commercial real estate investment opportunity offered at a 6.45% cap rate. Current five year historical tenant just renewed for an additional 10 years, NNN, with 3 year escalations. Lease expires April, 2034.
Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area.
Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant.
Excellent location in a growing area in south Texas. Contact broker for showing.
Located in The Woodlands / Spring area, in Montgomery County, south Texas, this +- 1.5 acre property has a purpose built 7,930 SF commercial school, with 9,240 gross building area.
Current real property owners also ran the educational business from 2014-2019, when they sold it to a third party, and leased the building to them. After the five year initial lease, they recently extended for an additional 10 years. This is an excellent opportunity for a commercial real estate investor to acquire real estate with an existing successfully operating tenant.
Excellent location in a growing area in south Texas. Contact broker for showing.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $2,999,000 | Property Subtype | School |
| Price Per SF | $324.57 | Lot Size | 1.47 AC |
| Sale Type | Investment or Owner User | Building Size | 9,240 SF |
| Cap Rate | 6.45% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2014 |
| Zoning | 6 | ||
| Price | $2,999,000 |
| Price Per SF | $324.57 |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.45% |
| Property Type | Specialty |
| Property Subtype | School |
| Lot Size | 1.47 AC |
| Building Size | 9,240 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Zoning | 6 |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 0350-00-02600 | Improvements Assessment | $1,563,714 |
| Land Assessment | $386,286 | Total Assessment | $1,950,000 |
PROPERTY TAXES
Parcel Number
0350-00-02600
Land Assessment
$386,286
Improvements Assessment
$1,563,714
Total Assessment
$1,950,000
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25200 Richards Rd
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