Shenandoah Office/Medical Building Near
For Sale
Contact for pricing
128 Vision Park, Shenandoah, TX 77384
75,000 SF office/medical building near The Woodlands hospitals.
Property Size75,000 SF
Days on Market329
Property Features for 128 Vision Park
General Information
Standard status
Active
Size
75,000 SF
Class
B
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
75,000 SF
Year Built
2014
Properties For Sale
at 128 Vision Park Contact us145
Size
1,707 SF
Type
Medical
Term
12 months
225
Size
3,533 SF
Term
Negotiable
280
Size
2,000 SF
Term
Negotiable
Listed By:
Jacquelyn Prosch
(346) 328-0450
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 9
Last Checked: Oct 14 at 10:07PM
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 Jacquelyn Prosch
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 75,000 square foot office/medical building is located in Shenandoah, Texas, just north of Houston. Situated on a 5.0-acre site at 128 Vision Park, it is positioned between Research Forest Drive and Highway 242/College Park Drive, offering convenient access to The Woodlands hospitals and medical district. The building features a typical floor plate of 25,000 rentable square feet across its three stories. Fire safety is ensured with a fully sprinkled, wet-pipe sprinkler system monitored 24 hours a day, 7 days a week. On-site recycling is available. The property provides fiber service from AT&T and includes backup generator availability. Parking is provided at a ratio of 4.0 spaces per 1,000 square feet, totaling 299 surface and covered parking spaces. The building offers 24-hour card-key access.
Key Highlights
- Prime location near The Woodlands Hospitals & Medical District.
- Building size: 75,000 SF with typical floor plates of 25,000 RSF.
- Ample parking: 4.0 spaces per 1,000 SF (299 surface and covered spaces).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$879,255
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,585,100
$17.6M
Cap Rate 7%
$12,560,786
$12.6M
Cap Rate 9%
$9,769,500
$9.8M
Market Conditions
NOI Build-Up for 75,000 SF
Gross rent
$1.50M $20.04/SF
− Vacancy
−$330.7K −$4.41/SF
EGI
$1.17M $15.63/SF
− OpEx
−$293.1K −$3.91/SF
NOI
$879.3K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,585,100
Cap Rate 7%
$12,560,786
Cap Rate 9%
$9,769,500
Alternative Uses
Best Use
Healthcare Medical
$15.85M
$13.87M – $18.50M
NOI $1,109,722 @ 7.0% cap · market cap 4,110,081.48%
Second Best
Office B
$12.56M
$10.99M – $14.65M
NOI $879,255 @ 7.0% cap · market cap 3,256,500.00%
Theoretical Best
Specialty Retail
$18.93M
$16.57M – $22.09M
NOI $1,325,376 @ 7.0% cap · market cap 4,908,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 77384, TX
23,952
Population
11,658
Households
2.1
Avg Household Size
39
Median Age
56%
College-Educated
98%
High-School Grad
18.4 sq mi
ZIP Area
1,302
Density / Sq Mi
$103,745
Median Household Income
$68,856
Median Earnings
$1,473
Median Rent
$420,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 75,000 SF office/medical building near The Woodlands hospitals.
Where is this office building located?
The property is located at 128 Vision Park Shenandoah, TX.
What are key features of this property?
This property features: Prime location near The Woodlands Hospitals & Medical District.; Building size: 75,000 SF with typical floor plates of 25,000 RSF.; Ample parking: 4.0 spaces per 1,000 SF (299 surface and covered spaces).
