Remodeled Conroe Office For
For Sale
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2204 Sunpark Dr, Conroe, TX 77303
Remodeled 1,704 SF office near Loop 336 in Conroe.
Property Size1,704 SF
Lot Size0.39 Acres
Price / SF$216.55
Days on Market140
Property Features for 2204 Sunpark Dr
General Information
Standard status
Active
Size
1,704 SF
Class
C
Lot size
0.39 Acres
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1984
Year Renovated
2026
Units
1
Listing Agency:
Arrowstar Realty
(936) 672-2087
Listed By:
Robert Graham · License #TX 466722
Source:
Crexi
Added: Apr 13
Changed: Aug 8
Last Checked: Aug 29 at 10:34PM
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.
Located just off Loop 336 in Conroe, this remodeled 1,704 SF office is positioned on a 14,767 SF lot, which is equivalent to 0.39 acres. The property provides ample on-site parking and is located near established businesses and residential communities, offering excellent accessibility and visibility. The versatile layout includes three private offices, a reception area, and two storage rooms. A waiting room is also present, which can be converted to a conference room or additional office. The property is suitable for medical, professional office, coworking, or retail uses. Situated a couple of minutes from I-45, this property is located in a rapidly growing area and presents a strong opportunity for both owner-users and investors.
Key Highlights
- Prime location just off Loop 336 in Conroe, near established businesses and residential communities.
- Excellent accessibility and visibility, located minutes from I‑45.
- Versatile 1,704 SF remodeled office suitable for medical, professional office, coworking, or retail.
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
$19,977
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
5.41%
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%
$399,540
$399.5K
Cap Rate 7%
$285,386
$285.4K
Cap Rate 9%
$221,967
$222.0K
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
$34.1K $20.04/SF
− Vacancy
−$7.5K −$4.41/SF
EGI
$26.6K $15.63/SF
− OpEx
−$6.7K −$3.91/SF
NOI
$20.0K $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 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%
$399,540
Cap Rate 7%
$285,386
Cap Rate 9%
$221,967
Alternative Uses
Best Use
Office B
$285.4K
$249.7K – $333.0K
NOI $19,977 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$430.2K
$376.4K – $501.9K
NOI $30,113 @ 7.0% cap · market cap 8.16%
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
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled 1,704 SF office near Loop 336 in Conroe.
Where is this office units located?
The property is located at 2204 Sunpark Dr Conroe, TX.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: Prime location just off Loop 336 in Conroe, near established businesses and residential communities.; Excellent accessibility and visibility, located minutes from I‑45.; Versatile 1,704 SF remodeled office suitable for medical, professional office, coworking, or retail.
