OFFICE FOR SALE HATHAWAY OFFICE BLDG – The Woodlands, … · 2019-02-09 · The Woodlands, TX...

SALE PRICE: $525,000

APN#: 7640-01-13400

LOT SIZE: 0.66 Acres

PROPERTY TYPE: Office/Professional Svs

CROSS STREETS: Oak Ridge & I - 45

2,500 SF building, which can be easily converted to office space, is located very close to I-45 and The Woodlands. The area has rapidly developed into Commercial Office/ Professional Office Properties. This a great opportunity to OWN instead of leasing. Perfect for a Doctor's office, Hair Salon, Insurance Agency, a CPA Practice, etc. Adjacent land may be available, which when combined with this property, would create a great redevelopment opportunity.

PROPERTY OVERVIEW

Weobtainedtheinformationabovefromsourceswebelievetobereliable. However,wehavenotverifieditsaccuracyandmakenoguarantee,warrantyorrepresentationaboutit.Itissubmittedsubjecttothepossibilityoferrors,omissions,changeofprice,rentalorotherconditions,priorsale,leaseorfinancing,orwithdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or futureperformanceoftheproperty.Youandyourtaxandlegaladvisorsshouldconductyourowninvestigationofthepropertyandtransaction.

BERKSHIREHATHAWAY

HomeServicesAnderson Properties

COMMERCIAL DIVISION

RICKSTALLINGSTEAM713.503.0808/281.203.91949303NewTrails,Suite300TheWoodlands,TX77381

OFFICE BLDG – The Woodlands, TX OFFICE FOR SALE

26311 Oak Ridge, The Woodlands, TX 77380

2,500 SF House Easily • Converted to Office Perfect for Doctor Office, Insurance Agency, CPA Practice, etc

Own It! and Stop Paying Expensive Rents!

Added to Adjacent Land Creates a RE-Development Opportunity

PROPERTY FEATURES


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




26311 Oak Ridge Drive

Demographic Report

PopulationDistance Male Female Total

1- Mile 4,294 4,536 8,830

3- Mile 25,920 26,366 52,287

5- Mile 58,595 61,057 119,652

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other prof. advisor.

Richard Stallings

[email protected]

Berkshire Hathaway HomeService 9303 New Trails Drive #300 The Woodlands, TX 77381 | 281-296-0111

Richard Stallings

PouyaTiraie

RickStallingsTeam

RickStallings,MBA

DawnRogers,OfficeManager


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




Employment by DistanceDistance Employed Unemployed Unemployment Rate

1-Mile 3,069 155 2.03 %

3-Mile 26,044 1,679 6.37 %

5-Mile 63,723 2,663 4.28 %


Richard Stallings

[email protected]


Richard Stallings

Ethnicitywithin5miles

BlackPacificIslanders

Hispanic

Asian

NativeAmerican

White

White NativeAmerican Asian

Black PacificIslanders Hispanic

HomeOwnership1Mile

HomeOwnership3Mile

HomeOwnership5Mile

Renters

Owners

Renters

Owners

Renters

Owners

PopulationbyDistanceandAge(2015)10,000

6,000

4,000

2,000

0

3-Mile 5-Mile1-Mile

8,000


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




Radius Median Household Income

1-Mile $81,113.11

3-Mile $80,741.62

5-Mile $86,132.43

Radius Average Household Income

1-Mile $90,916.56

3-Mile $91,854.69

5-Mile $95,729.43

Radius Aggregate Household Income

1-Mile $202,109,705.96

3-Mile $1,717,991,281.16

5-Mile $4,140,466,740.05

1-MilePop > 25 4,026High School Grad 880Some College 1,267Associates 277Bachelors 859Masters 241Prof. Degree 46Doctorate 24

3-mile32,4916,2649,3472,3447,6291,852

622263

5-mile79,15816,26422,1715,545

17,4914,9101,591

620

Education

Agriculture Mining Construction Manufacturing Wholesale Retail Transportaion Information Professional Utility Hospitality Pub-Admin Other

1-Mile 12 140 184 271 195 348 344 49 373 724 222 117 315

3-Mile 41 1,139 1,576 2,334 1,847 4,047 2,053 450 3,276 6,366 2,806 781 1,796

5-Mile 95 3,203 3,797 6,432 3,894 9,799 5,316 1,094 8,652 15,077 6,036 1,816 4,350

Labor & Income

1-MileVacant Ready For Rent 36 %Teen's 33 %Expensive Homes 5 %Mobile Homes 9 %New Homes 14 %New Households 21 %Military Households 11 %Households with 4+ Cars 33 %Public Transportation Users 15 %Young Wealthy Households 8 %

3-mile64 %71 %39 %36 %90 %79 %11 %71 %26 %64 %

5-mile57 %77 %35 %47 %

116 %79 %

7 %75 %33 %

108 %

This Tapestry information compares this selected market against the average. If a tapestry is over 100% it is above average for that statistic. If a tapestry is under 100% it is below average.

Tapestry


Richard Stallings

[email protected]


Richard Stallings

3-Mile 5-Mile1-Mile

>200K150K-200K125K-150K100K-125K75K-100K60K-75K50K-60K45K-50K40K-45K35K-40K30K-35K25K-30K20K-25K15K-20K10K-15K

<10K

2,000 4,000 6,000 8,0000


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




1-Mile %Total Expenditures 121,153,861Average annual household 59,381Food 7,672 12.92 %Food at home 4,676Cereals and bakery products 656Cereals and cereal products 227Bakery products 429Meats poultry fish and eggs 943Beef 233Pork 170Poultry 175Fish and seafood 154Eggs 68Dairy products 492Fruits and vegetables 923Fresh fruits 141Processed vegetables 166Sugar and other sweets 172Fats and oils 142Miscellaneous foods 880Nonalcoholic beverages 400Food away from home 2,995Alcoholic beverages 494Housing 20,609 34.71 %Shelter 12,596Owned dwellings 8,291Mortgage interest and charges 4,428Property taxes 2,617Maintenance repairs 1,244Rented dwellings 3,179Other lodging 1,126Utilities fuels 4,529Natural gas 489Electricity 1,737Fuel oil 187Telephone services 1,423Water and other public services 692Household operations 1,468 2.47 %Personal services 490Other household expenses 977Housekeeping supplies 740Laundry and cleaning supplies 184Other household products 429Postage and stationery 126Household furnishings 1,274Household textiles 103Furniture 164Floor coverings 4Major appliances 160Small appliances 114Miscellaneous 728Apparel and services 1,765 2.97 %Men and boys 407Men 16 and over 340Boys 2 to 15 67Women and girls 669

5-Mile %2,450,188,438

60,2727,782 12.91 %4,703

65922843095823717017915868

495927142166171142882399

3,078502

20,933 34.73 %12,8558,3864,4602,6521,2723,2681,2004,532

4901,742

1881,420

6911,500 2.49 %

4961,001

751183435132

1,294104178

1162121726

1,782 2.96 %40633571

694

3-Mile %1,012,005,858

59,3677,688 12.95 %4,670

65522742795223517017815768

491922141166170141875397

3,018490

20,692 34.85 %12,6898,2304,3672,6021,2603,2981,1614,514

4861,739

1861,414

6871,470 2.48 %

483983741182429130

1,276101178

2160119714

1,753 2.95 %39932969

683

Expenditures


Richard Stallings

[email protected]


Richard Stallings


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




Women 16 and over 568Girls 2 to 15 100Children under 2 103

1-Mile %Total Expenditures 121,153,861Average annual household 59,381Transportation 7,642 12.87 %Vehicle purchases 1,410Cars and trucks new 221Cars and trucks used 1,142Gasoline and motor oil 2,511Other vehicle expenses 3,064Vehicle finance charges 255Maintenance and repairs 1,022Vehicle insurance 1,299Vehicle rental leases 468Public transportation 656Health care 4,438 7.47 %Health insurance 2,612Medical services 962Drugs 479Medical supplies 148Entertainment 3,480 5.86 %Fees and admissions 806Television radios 1,176Pets toys 1,152Personal care products 778Reading 89Education 1,681Tobacco products 393Miscellaneous 990 1.67 %Cash contributions 1,799Personal insurance 7,781Life and other personal insurance 280Pensions and Social Security 7,500

59698

106

58597

105

3-Mile %1,012,005,858

59,3677,552 12.72 %1,353

1981,1082,4883,030

2481,0241,266

466679

4,394 7.40 %2,583

940474148

3,448 5.81 %815

1,1601,137

77590

1,772397

1,010 1.70 %1,7907,758

2777,480

5-Mile %2,450,188,438

60,2727,641 12.68 %1,372

2091,1182,5023,068

2521,0371,278

475698

4,417 7.33 %2,593

948476149

3,493 5.80 %840

1,1671,151

78692

1,840393

1,033 1.71 %1,8237,999

2847,715

Estimated Households Housing Occupied By Housing OccumpancyDistance Year Projection 2000 Change 1 Person Family Owner Renter Vacant1-Mile 2015 8,249 7,003 16.38 % 1,994 5,937 6,306 1,943 794

3-Mile 2015 27,406 22,983 17.70 % 6,735 19,061 17,788 9,618 3,055

5-Mile 2015 60,811 50,957 17.78 % 14,177 43,640 43,577 17,234 5,531

1-Mile 2020 8,970 7,003 24.94 % 2,127 6,492 6,957 2,013 1,208

3-Mile 2020 29,981 22,983 28.82 % 7,371 20,826 19,581 10,400 3,974

5-Mile 2020 65,460 50,957 27.87 % 15,147 47,073 47,402 18,058 8,375

Expenditures (Continued)


Richard Stallings

[email protected]


Richard Stallings


BERKSHIREHATHAWAY


COMMERCIAL DIVISION




Information About Brokerage Services Texas law requires all real estate license holders to give the following information about

brokerage services to prospective buyers, tenants, sellers and landlords.

11-2-2015

TYPES OF REAL ESTATE LICENSE HOLDERS:A BROKER is responsible for all brokerage activities, including acts performed by sales agents sponsored by the broker. A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER'S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): Put the interests of the client above all others, including the broker's own interests;Inform the client of any material information about the property or transaction received by the broker;Answer the client's questions and present any offer to or counter-offer from the client; andTreat all parties to a real estate transaction honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION: AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with theowner, usually in a written listing to sell or property management agreement. An owner's agent must perform the broker's minimumduties above and must inform the owner of any material information about the property or transaction known by the agent,including information disclosed to the agent or subagent by the buyer or buyer's agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usuallythrough a written representation agreement. A buyer's agent must perform the broker's minimum duties above and must inform thebuyer of any material information about the property or transaction known by the agent, including information disclosed to the agentby the seller or seller's agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parties the broker must first obtain the writtenagreement of each party to the transaction. The written agreement must state who will pay the broker and, in conspicuous bold orunderlined print, set forth the broker's obligations as an intermediary. A broker who acts as an intermediary:

Must treat all parties to the transaction impartially and fairly;May, with the parties' written consent, appoint a different license holder associated with the broker to each party (owner andbuyer) to communicate with, provide opinions and advice to, and carry out the instructions of each party to the transaction.Must not, unless specifically authorized in writing to do so by the party, disclose:

that the owner will accept a price less than the written asking price;that the buyer/tenant will pay a price greater than the price submitted in a written offer; andany confidential information or any other information that a party specifically instructs the broker in writing not todisclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transaction without an agreement to represent thebuyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLYESTABLISH:

The broker's duties and responsibilities to you, and your obligations under the representation agreement.Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This notice is being provided for information purposes. It does not create anobligation for you to use the broker's services. Please acknowledge receipt of this notice below and retain a copy for your records.

Berkshire Hathaway HomeServicesAnderson Properties

604417 [email protected] (713) 862-0000

Licensed Broker/Broker Firm Name or Primary Assumed Business Name License No. Email Phone

Michael Huff 0501323 [email protected] (713) 862-0000

Designated Broker of Firm License No. Email Phone

Cathy Trevino 455096 [email protected] (713) 516-6331

Licensed Supervisor of Sales Agent/ Associate License No. Email Phone

Pouya Tiraieyari 0677615 [email protected] (281) 203-9194

Sales Agent/Associate's Name License No. Email Phone

Buyer/Tenant/Seller/Landlord Initials Date

Regulated by the Texas Real Estate Commission Information available at www.trec.texas.govIABS 1-0

TAR 2501

OFFICE FOR SALE HATHAWAY OFFICE BLDG – The Woodlands, … · 2019-02-09 · The Woodlands, TX...

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