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Value-Add Office Condos at Spring Cypress 11601 Spring-cypress Rd

3,719 SF Office Condo Unit Online Auction Sale Tomball, TX 77377

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Virtual Tour

Investment Highlights

  • 11601 Spring Cypress Road is home to office condo units A, B, D, and E within The Office at Spring Cypress Office Park.
  • These vacant condos present a professional user’s opportunity to acquire the high-end space while generating income from the remaining units.
  • Spring Cypress office park offers beautifully landscaped grounds and a large water feature in the center of the park.
  • Office condos are convenient of Tomball Pkwy/ HWY 249, and multiple shopping centers like Tomball Crossings.
  • HOA covers water, trash, and external insurance, and each condo has reserved parking space and access to the community conference room.

Executive Summary

Welcome to The Offices of Spring Cypress, a vibrant southern condo-style business park in the heart of Tomball, Texas, offering four vacant office condos to the market. Designed for exceptional client accessibility, condos A, B, D, and E total 3,719 square feet and offer flexible layouts for modern businesses to have a private and customizable space via unique lockable connecting doors to neighboring units. This provides a professional user with unparalleled leasing flexibility for the remaining space. Designed for exceptional client accessibility, the condos offer a spacious open layout, two private offices, reserved parking, 10-foot finished ceilings, central air and heating, recessed lighting, and reserved parking spaces. The spaces are in excellent condition, and there is a security system. Additional amenities include on-site management, beautifully landscaped grounds, and a large water feature in the park's center. There is also a community conference room (seats 12 to 16 with a private kitchen and restroom), ideal for startups seeking a professional workspace, established businesses searching for a convenient location, or companies looking to expand or downsize. Recent capital improvements have upgraded the suite's flooring, walls, ceilings, and more. Don’t miss out on securing one of the most adaptable office spaces in the park. The office condos are situated in a thriving commercial area surrounded by master-planned communities and conveniently located near Highway 249 and Tomball Toll Road 99. This prime location is a rare find, offering both versatility and convenience. The 11601 Spring Cypress Road is accessible to Tomball Crossings, Lakewood Forest Center, Spring Cypress Shopping Center, Spring Cypress Village, and Rock Creek Shopping Center. The George Bush Intercontinental Airport and Downtown Houston are typically a 30- to 45-minute drive during peak rush hours via Highway 249, Sam Houston Tollway, and Interstate 45. Houston’s Metro shuttle provides stops all around the greater Houston area and along Tomball Parkway’s access roads. Of the Offices at Spring Cypress’ 5-mile demographics, there are approximately 230,207 residents, with nearly 45% having attained a bachelor's degree or higher. This population count is expected to increase by 0.3% by 2029. The average household income is over $120,400, and the median home value is $284,387. The area is home to many diverse tenants, especially education, healthcare, and professional services tenants serving the growing suburban population. Professional rents have increased by 1.0% in the past 12 months in the FM 1960/ Hwy 249 office submarket, currently around $28.00/square foot. Property tours are available by appointment only. Please get in touch with the listing broker to schedule.

Data Room Click Here to Access

Property Facts

Unit Size 3,719 SF
No. Units 1
Total Building Size 6,572 SF
Property Type Office (Condo)
Property Subtype
Medical
  • Office Office Live Work Unit
Sale Type Investment
Building Class B
Floors 1
Typical Floor Size 6,572 SF
Year Built 2007
Lot Size 8.15 AC
Parking Ratio 7.01/1,000 SF
Sale Conditions Auction Sale

1 Unit Available

Unit A,B,D,E

Unit Size 3,719 SF
Condo Use Office
Sale Type Investment
No. Parking Spaces 9
APN/Parcel ID 1301880010001, 1301880010002, 1301880010004, 1301880010005
Description

Welcome to The Offices of Spring Cypress, a vibrant southern condo-style business park in the heart of Tomball, Texas, offering four vacant office condos to the market. Designed for exceptional client accessibility, condos A, B, D, and E total 3,719 square feet and offer flexible layouts for modern businesses to have a private and customizable space via unique lockable connecting doors to neighboring units. This provides a professional user with unparalleled leasing flexibility for the remaining space. Designed for exceptional client accessibility, the condos offer a spacious open layout, two private offices, reserved parking, 10-foot finished ceilings, central air and heating, recessed lighting, and reserved parking spaces. The spaces are in excellent condition, and there is a security system. Additional amenities include on-site management, beautifully landscaped grounds, and a large water feature in the park's center. There is also a community conference room (seats 12 to 16 with a private kitchen and restroom), ideal for startups seeking a professional workspace, established businesses searching for a convenient location, or companies looking to expand or downsize. Recent capital improvements have upgraded the suite's flooring, walls, ceilings, and more. Don’t miss out on securing one of the most adaptable office spaces in the park.

The office condos are situated in a thriving commercial area surrounded by master-planned communities and conveniently located near Highway 249 and Tomball Toll Road 99. This prime location is a rare find, offering both versatility and convenience. The 11601 Spring Cypress Road is accessible to Tomball Crossings, Lakewood Forest Center, Spring Cypress Shopping Center, Spring Cypress Village, and Rock Creek Shopping Center. The George Bush Intercontinental Airport and Downtown Houston are typically a 30- to 45-minute drive during peak rush hours via Highway 249, Sam Houston Tollway, and Interstate 45. Houston’s Metro shuttle provides stops all around the greater Houston area and along Tomball Parkway’s access roads.

Of the Offices at Spring Cypress’ 5-mile demographics, there are approximately 230,207 residents, with nearly 45% having attained a bachelor's degree or higher. This population count is expected to increase by 0.3% by 2029. The average household income is over $120,400, and the median home value is $284,387. The area is home to many diverse tenants, especially education, healthcare, and professional services tenants serving the growing suburban population. Professional rents have increased by 1.0% in the past 12 months in the FM 1960/ Hwy 249 office submarket, currently around $28.00/square foot.

Property tours are available by appointment only. Please get in touch with the listing broker to schedule.

About FM 1960/Hwy 249

The northwest area of Houston is one of the fastest-growing sections in the city. Since 2010, more than 80% of the population growth that has occurred in Harris County has been in its unincorporated areas, much of which is in proximity to this neighborhood. The area is also home to neighborhoods with pockets of high median household incomes, including Champion Forest, Cypress, Tomball, and Spring. Higher incomes have supported mixed-use and retail development, such as the Vintage Park shopping center on Highway 249.

With more than 12 million square feet of inventory, the area is relatively large by Houston standards. Like most West Houston areas near the Energy Corridor, the energy sector plays a large role in the office landscape here; more than one-third of all office tenants are tied to the energy industry. Even so, this area is also home to a diverse group of tenants, especially education, healthcare, and professional services tenants serving the growing suburban population base. Some of the largest office tenants include Lone Star College (600,000 square feet), CHI St Luke's Health (215,000 square feet), and Emerson (175,000 square feet). Several of Houston’s major highways run directly through the area, including Highway 290, Highway 249, and Highway 6, offering tenants exceptional connectivity across the region.

Investors are also attracted to this area because of the relative value assets here provide. Pricing is favorable, with the average price per square foot still below the Houston average and a significant discount to neighboring The Woodlands and West Belt.

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
10,848
103,202
236,996
2024 Population
10,192
99,185
230,207
Population Growth '20-'24
-6.1%
-3.9%
-2.9%
2020 Households
3,936
35,574
83,438
2024 Households
3,674
34,055
80,690
Household Growth '20-'24
-6.7%
-4.3%
-3.3%
Average Age
39
37
38
Median Household Income
$107,048
$108,021
$95,281
Daytime Employees
5,024
24,990
66,532
Total Businesses
539
3,339
9,102
College Degree + Higher
47%
44%
44%

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Pond
  • Signage
  • Wheelchair Accessible
  • Central Heating
  • DDA Compliant
  • Monument Signage

Nearby Amenities

Hospitals

Memorial Hermann First Colony Hospital Acute Care 5 min drive 2.8 mi
St Luke's Hospital at The Vintage Acute Care 4 min drive 2.8 mi
First Texas Hospital Acute Care 5 min drive 3.2 mi
Houston Methodist Willowbrook Hospital Acute Care 7 min drive 5.3 mi
HCA Houston Healthcare Tomball Acute Care 10 min drive 7.2 mi

About the Auction Platform

Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
  • Listing ID: 33382248

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 11601 Spring-cypress Rd, Tomball, TX 77377

Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount Transaction Fee
$0m to < $1m 5.00% ($20,000 min)
$1m to < $3m 3.00%
$3m to < $5m 2.50%
$5m to < $10m 2.25%
$10m to < $15m 2.00%
$15m to < $25m 1.75%
$25m to < $35m 1.50%
$35M to < $45M 1.00%
$45M to < $55M 0.75%
$55M and Up 0.50%
Example Calculation
Winning Bid Amount $4,000,000 Transaction Fee $100,000 (2.5%) Total Purchase Price $4,100,000

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