9941 Rowlett Rd, Houston, TX
Office for Sale - $750,000 - 9,020 Sq. Ft. on 1.21 acres
Property Info
CIMLS# | 1015466 |
Location 9941 Rowlett Rd Houston TX 77075 | |
Updated | June 7th, 2018 |
Type | Office |
Price | $750,000 |
Building | 9,020 Sq. Ft. |
Land | 1.21 acres |
Property Description
9,000+ square feet Office Complex. OWNER WILL CONSIDER FINANCING AT 20% DOWN, contact agent for more details. This is a Great Building for an owner/user with many office spaces, some are conference room size and some are smaller individual office size OR for an investor looking for a CASH FLOW office complex with MANY office spaces to lease out...For an owner/user, if the building is more space than needed, the horseshoe floor plan would allow you to split the interior in half and use one side and lease out the other for income. For an investor, this building could be sectioned off into office spaces to rent as combination of offices or individually as executive suites. The upstairs is one HUGE conference/meeting room with a bathroom upstairs as well. More than ample parking in the back on a gated lot. Nice courtyard in back with water feature. This is a must see to appreciate commercial property...listed by UTR-Texas Realtors - Licensed Texas Realtor Sean Dennis (281) 222-6088. TREC # 520098
Financials
Projected P & L
Annual Rental Income: $89,100
Annual Electric $6,000 (based on $500 a month avg. estimated)
Annual Natural Gas $1,200 (based on $100 a month avg. estimated)
Annual Water $818
Annual City Drainage Charge $1,044
Annual Insurance $7,600 (based on current owner’s policy including flood insurance)
Annual Taxes $9,800
Annual Grounds Maintenance $1,800 (based on $150 a month estimated)
Annual Alarm Service (ADT) $507
Repairs/Building Maintenance $TBD
Allowance for vacancies (-6%) $5,346
Net Operating Income: $54, 985
*Note* this statement is based on projected income and expenses once leased out. Property is currently owner/user.
Annual Rental Income based on approximately 5,500 sq. ft. of actual office spaces at $1.00 per sq. ft. plus $.35 NNN –
Does not include sq. footage for any common areas, hallways, bathrooms, lunch room, storage closets or back courtyard.