Remodeled Office Suite with
For Sale
Contact for pricing
2204 Sunpark, Conroe, TX 77303
Remodeled 1,704 SF office offers three private offices, reception and waiting area, plus storage rooms and on-site parking.
Property Size1,704 SF
Lot Size0.39 Acres
Price / SF$210.68
Days on Market122
Property Features for 2204 Sunpark
General Information
Standard status
Active
Size
1,704 SF
Lot size
0.39 Acres
Property subtype
OFFICE
Listing Agency:
Arrowstar Realty
(936) 672-2087
Listed By:
Robert Graham · License #466722
(936) 672-2087
Source:
Moodyscre
Added: Apr 13
Changed: Aug 8
Last Checked: Aug 12 at 11:57AM
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 Arrowstar Realty
Investment Insights
Based on property information with market context.
This remodeled office suite totals 1,704 square feet and is situated on a 14,767 square foot lot. The interior layout includes three private offices, a reception area, and a waiting room, with two additional storage rooms for supplementary workspace or file storage.
The property is positioned just off Loop 336 in Conroe and is described as being only a couple of minutes from I-45. It also features ample on-site parking and is presented as suitable for multiple professional uses, including medical, coworking, and retail.
For sale as an owner-user or investment opportunity, the space is configured to support a range of tenant needs while maintaining a clear front-office flow from reception through the waiting area.
The property is positioned just off Loop 336 in Conroe and is described as being only a couple of minutes from I-45. It also features ample on-site parking and is presented as suitable for multiple professional uses, including medical, coworking, and retail.
For sale as an owner-user or investment opportunity, the space is configured to support a range of tenant needs while maintaining a clear front-office flow from reception through the waiting area.
Key Highlights
- Remodeled 1,704 SF office building on a 14,767 SF lot (0.39 acres)
- Layout includes three private offices, reception area, and a waiting room
- Waiting room can be converted to a conference room or additional office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,213
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,260
$504.3K
Cap Rate 7%
$360,186
$360.2K
Cap Rate 9%
$280,144
$280.1K
Market Conditions
NOI Build-Up for 1,704 SF
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.
Gross rent
$50.5K $29.64/SF
− Vacancy
−$8.5K −$4.98/SF
EGI
$42.0K $24.66/SF
− OpEx
−$16.8K −$9.86/SF
NOI
$25.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$504,260
Cap Rate 7%
$360,186
Cap Rate 9%
$280,144
Alternative Uses
Best Use
Healthcare Medical
$360.2K
$315.2K – $420.2K
NOI $25,213 @ 7.0% cap · market cap 7.02%
Second Best
Office B
$285.4K
$249.7K – $333.0K
NOI $19,977 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 77303, TX
20,974
Population
9,516
Households
2.2
Avg Household Size
36
Median Age
14%
College-Educated
84%
High-School Grad
60.9 sq mi
ZIP Area
344
Density / Sq Mi
$72,827
Median Household Income
$42,956
Median Earnings
$1,157
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Remodeled 1,704 SF office offers three private offices, reception and waiting area, plus storage rooms and on-site parking.
Where is this office units located?
The property is located at 2204 Sunpark Conroe, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Remodeled 1,704 SF office building on a 14,767 SF lot (0.39 acres); Layout includes three private offices, reception area, and a waiting room; Waiting room can be converted to a conference room or additional office
