Medical Office
2010 S Loop W, Conroe, TX 77304
For Sale
Contact for pricing
The property is fully leased, with DaVita occupying 6,000 square feet under a lease running through May 2036.
Property Size9,400 SF
Price / SF$331.38
Days on Market13
Property Features for 2010 S Loop W
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Tenant in Place
Property Use
Medical Specialty
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Highgate Partners
Listed By:
Andrew Murphy · License GA #266037
(770) 913-3900
Source:
Crexi
Added: Oct 28
Changed: Nov 8
Last Checked: Nov 8 at 2:30PM
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 Highgate Partners
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Investment Insights
Based on property information with market context.
This 9,400-square-foot medical office building at 2010 S. Loop W. in Conroe is fully leased. DaVita occupies 6,000 square feet, or 63.83% of the rentable area, and has a 90-month lease extending through May 2036. The weighted average lease term is 7.23 years, and the leases are structured on a triple-net basis.
The property fronts State Highway 336 (S Loop), where traffic counts are 31,955 cars per day. HCA Houston Healthcare Conroe, a 342-bed hospital, is 1.1 miles away.
The property fronts State Highway 336 (S Loop), where traffic counts are 31,955 cars per day. HCA Houston Healthcare Conroe, a 342-bed hospital, is 1.1 miles away.
Key Highlights
- 9,400‑square‑foot medical office building, 100% leased
- DaVita occupies 6,000 square feet, representing 63.83% of the rentable area
- DaVita executed a 90‑month lease extending through May 2036
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,085
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,700
$2.8M
Cap Rate 7%
$1,986,929
$2.0M
Cap Rate 9%
$1,545,389
$1.5M
Market Conditions
NOI Build-Up for 9,400 SF
Gross rent
$278.6K $29.64/SF
− Vacancy
−$46.8K −$4.98/SF
EGI
$231.8K $24.66/SF
− OpEx
−$92.7K −$9.86/SF
NOI
$139.1K $14.80/SF
Area
Montgomery County, TX
Vacancy
16.80%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,700
Cap Rate 7%
$1,986,929
Cap Rate 9%
$1,545,389
Alternative Uses
Best Use
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,085 @ 7.0% cap · market cap 4.47%
Second Best
Office B
$1.57M
$1.38M – $1.84M
NOI $110,200 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,114 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 77304, TX
35,969
Population
18,462
Households
1.9
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
40.0 sq mi
ZIP Area
899
Density / Sq Mi
$78,574
Median Household Income
$43,314
Median Earnings
$1,397
Median Rent
$324,800
Median Home Value
Market
Properties on Market for Office buildings in Conroe
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The property is fully leased, with DaVita occupying 6,000 square feet under a lease running through May 2036.
Where is this office building located?
The property is located at 2010 S Loop W Conroe, TX.
What is the asking price?
The asking price for this property is $3,115,000.
What are key features of this property?
This property features: 9,400‑square‑foot medical office building, 100% leased; DaVita occupies 6,000 square feet, representing 63.83% of the rentable area; DaVita executed a 90‑month lease extending through May 2036
