The Woodlands Office Condo For
7 Grogans Park Drive The Woodlands, TX 77380
For Sale
$650,000
3,040 SF office condo in The Woodlands, Texas.
Property Size3,040 SF
Price / SF$213.82
Days on Market179
Property Features for 7 Grogans Park Drive
General Information
- Standard status
- Active
- Size
- 3,040 SF
- Property subtype
- Office
Building Details
- Year Built
- 2006
Listing Agency:
SVN | J. Beard Real Estate - Greater Houston
(346) 328-0450
Listed By:
Jacquelyn Prosch · License #519836
(346) 328-0450
Source:
Svn
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 25 at 4:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | J. Beard Real Estate - Greater Houston
Investment Insights
Based on property information with market context.
This 3,040 square foot office condo is for sale in The Woodlands. The two-story, stand-alone brick building features four private offices, a reception area, a kitchenette, two bathrooms, a conference room, additional multipurpose space, an IT room, and ample storage. Interior details include two fireplaces, high ceilings, plantation shutters, and hardwood flooring. Dedicated parking is available. The property is located on Grogan's Park Drive in The Woodlands, between Grogan's Mill and Sawdust Road, with proximity to Interstate 45. It is also located minutes from The Woodlands Town Center, Waterway and Springwoods Village with easy access to Hardy Toll Road and the Grand Pkwy Toll Rd (SH 99). Numerous amenities, including coffee shops, retail options, and restaurants, are within walking distance.
Key Highlights
- Prime location in The Woodlands, close to Town Center, Waterway, and Springwoods Village.
- Easy access to I‑45, Hardy Toll Road, and Grand Pkwy (SH 99).
- Stand‑alone, 2‑story brick office condo with 3,040 SF.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.7k | $30.48 |
| − Vacancy | −$26.4k | −$8.69 |
| EGI | $66.3k | $21.79 |
| − OpEx | −$16.6k | −$5.45 |
| NOI | $49.7k | $16.34 |
3,040 SF · lease $30.48/SF/yr · vacancy 28.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$709.8K
$621.1K – $828.1K
NOI $49,688 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$938.1K
$820.8K – $1.09M
NOI $65,664 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 3,040 SF office condo in The Woodlands, Texas.
Where is this office units located?
The property is located at 7 Grogans Park Drive The Woodlands, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in The Woodlands, close to Town Center, Waterway, and Springwoods Village.; Easy access to I‑45, Hardy Toll Road, and Grand Pkwy (SH 99).; Stand‑alone, 2‑story brick office condo with 3,040 SF.
