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Friendswood Business Park 107 Woodlawn Dr 14,300 SF 4-Star Office Building Friendswood, TX 77546 For Sale



Investment Highlights
- Appealing Modern Construction
- Hard Corner Lot
- High Income Area
Executive Summary
Great Invest Property for Owner-User, or Investor. The building is strategically located on a "hard corner" lot, offering dual road frontage and visibility from multiple directions to passing traffic. This premier location in a high-income area ensures maximum brand exposure and easy client access. The interior boasts high ceilings, which create an open, airy atmosphere and can accommodate various configurations, from open-plan retail displays to office setups or medical space. Ample on-site parking is a key feature, ensuring convenience for both staff and customers and setting it apart from older, more congested downtown locations. The property is easily accessible via major roadways and has 2 clear entry/exit points. As a newer build in a desirable location, it is equipped with modern amenities efficient HVAC systems, and high-quality finishes throughout.
Friendswood, TX, has a population of around 41,000, a median age near 40 (slightly older than surrounding areas), high education levels (many bachelor's degrees), and high median household incomes, reflecting a prosperous suburban community with strong homeownership and excellent schools.
Friendswood, TX, has a population of around 41,000, a median age near 40 (slightly older than surrounding areas), high education levels (many bachelor's degrees), and high median household incomes, reflecting a prosperous suburban community with strong homeownership and excellent schools.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$456,624
|
$31.93
|
| Other Income |
$128,996
|
$9.02
|
| Vacancy Loss |
$7
|
$0.00
|
| Effective Gross Income |
$585,613
|
$40.95
|
| Taxes |
$70,873
|
$4.96
|
| Operating Expenses |
$38,052
|
$2.66
|
| Total Expenses |
$108,925
|
$7.62
|
| Net Operating Income |
$476,688
|
$33.33
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $456,624 |
| Annual Per SF | $31.93 |
| Other Income (CAD) | |
|---|---|
| Annual | $128,996 |
| Annual Per SF | $9.02 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7 |
| Annual Per SF | $0.00 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $585,613 |
| Annual Per SF | $40.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $70,873 |
| Annual Per SF | $4.96 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $38,052 |
| Annual Per SF | $2.66 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $108,925 |
| Annual Per SF | $7.62 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $476,688 |
| Annual Per SF | $33.33 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
14,300 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2016
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,300 SF
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Property Taxes
| Parcel Number | 2139-0000-0002-000 | Total Assessment | $3,595,252 CAD (2025) |
| Land Assessment | $1,205,745 CAD (2025) | Annual Taxes | $70,873 CAD ($4.96 CAD/SF) |
| Improvements Assessment | $2,389,507 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2139-0000-0002-000
Land Assessment
$1,205,745 CAD (2025)
Improvements Assessment
$2,389,507 CAD (2025)
Total Assessment
$3,595,252 CAD (2025)
Annual Taxes
$70,873 CAD ($4.96 CAD/SF)
Tax Year
2026
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Friendswood Business Park | 107 Woodlawn Dr
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