Multi-Tenant Office
For Sale
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2517 N Frazier St, Conroe, TX 77303
Individually metered suites support separate tenant operations and future owner-user flexibility.
Property Size10,082 SF
Price / SF$338.19
Days on Market351
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Property Features for 2517 N Frazier St
General Information
Standard status
Active
Size
10,082 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
entry lobby
private offices
conference room
break/kitchen area
restrooms
secure access
Building Details
Buildings
1
Building Size
10,082 SF
Tenancy
Multi
Listing Agency:
The Commercial Professionals
Listed By:
Adam Olsen, CCIM · License ##0642075
(713) 614-2670
Source:
Moodyscre
Added: Oct 30, 2025
Changed: Oct 6
Last Checked: Oct 14 at 10:44PM
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 The Commercial Professionals
Investment Insights
Based on property information with market context.
Building 2 is an office/warehouse property configured for multi-tenant use. The interior includes an entry lobby, private offices, a conference room, break and kitchen area, and restrooms. Individually metered suites support separate tenant operations and provide flexibility for future occupancy changes. Secure access and on-site parking are also included.
The building is 100% occupied, with lease expirations ranging from May 2026 through February 2028. Its tenant base spans professional services and other commercial users, creating staggered lease maturities within an established business park. The property is located at 2517 N Frazier St in Conroe, Texas, with access to I-45, Downtown Conroe, The Woodlands, and surrounding business hubs.
The asset may be acquired individually or as part of a larger offering that includes Buildings III and VI.
The building is 100% occupied, with lease expirations ranging from May 2026 through February 2028. Its tenant base spans professional services and other commercial users, creating staggered lease maturities within an established business park. The property is located at 2517 N Frazier St in Conroe, Texas, with access to I-45, Downtown Conroe, The Woodlands, and surrounding business hubs.
The asset may be acquired individually or as part of a larger offering that includes Buildings III and VI.
Key Highlights
- 100% occupied office/warehouse building in an established Conroe business park
- Lease expirations extend from May 2026 through February 2028
- Individually metered suites support multi‑tenant operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,207
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,140
$2.4M
Cap Rate 7%
$1,688,671
$1.7M
Cap Rate 9%
$1,313,411
$1.3M
Market Conditions
NOI Build-Up for 10,083 SF
Gross rent
$202.1K $20.04/SF
− Vacancy
−$44.5K −$4.41/SF
EGI
$157.6K $15.63/SF
− OpEx
−$39.4K −$3.91/SF
NOI
$118.2K $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%
$2,364,140
Cap Rate 7%
$1,688,671
Cap Rate 9%
$1,313,411
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,207 @ 7.0% cap · market cap 3.47%
Second Best
Warehouse
$890.2K
$779.0K – $1.04M
NOI $62,317 @ 7.0% cap · market cap 1.83%
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.97M
NOI $178,184 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
367
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Individually metered suites support separate tenant operations and future owner-user flexibility.
Where is this office building located?
The property is located at 2517 N Frazier St Conroe, TX.
What is the asking price?
The asking price for this property is $3,410,000.
What are key features of this property?
This property features: 100% occupied office/warehouse building in an established Conroe business park; Lease expirations extend from May 2026 through February 2028; Individually metered suites support multi‑tenant operations
