Stabilized Office/Warehouse
2525 N Frazier St Building VI, Conroe, TX 77303
For Sale
$3,200,000
Fully occupied office/warehouse with a professional interior layout and individually metered suites suited to service and light flex tenants.
Property Size10,083 SF
Price / SF$320
Days on Market141
Property Features for 2525 N Frazier St Building VI
General Information
Standard status
Size
Class
Property subtype
Occupancy
Additional Details
Business Included
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
eXp Realty, LLC
Listed By:
Adam Olsen, CCIM · License TX #0642075
(713) 614-2670
Source:
Thecommercialprofessionals
Added: Jun 25
Changed: Nov 9
Last Checked: Nov 12 at 5:06AM
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 eXp Realty, LLC
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Investment Insights
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This fully stabilized office/warehouse building is designed for professional use and light flex operations. The interior includes a welcoming entry lobby, multiple private offices, a conference room, a break/kitchen area, and restrooms, supporting a day-to-day work environment for a variety of businesses. The property is 100% occupied, and suites are individually metered, which can support multi-tenant flexibility within the overall building configuration.
The offering includes an office portfolio consisting of three income-producing buildings, each approximately 10,080 SF, with all buildings currently 100% occupied by a diverse and established tenant mix. The portfolio structure provides the option to acquire the assets individually or together. The buildings are located within a long-established Conroe business park, with on-site parking and easy ingress/egress, and are described as minutes from I-45, Downtown Conroe, The Woodlands, and major business hubs.
For tenants or buyers seeking steadier, turn-key office/warehouse space, the combination of a practical office-forward layout and stabilized occupancy may be attractive. The individually metered suites and 100% occupancy by a diversified mix of tenants can also support a multi-tenant strategy, including for professional services and other light flex users.
The offering includes an office portfolio consisting of three income-producing buildings, each approximately 10,080 SF, with all buildings currently 100% occupied by a diverse and established tenant mix. The portfolio structure provides the option to acquire the assets individually or together. The buildings are located within a long-established Conroe business park, with on-site parking and easy ingress/egress, and are described as minutes from I-45, Downtown Conroe, The Woodlands, and major business hubs.
For tenants or buyers seeking steadier, turn-key office/warehouse space, the combination of a practical office-forward layout and stabilized occupancy may be attractive. The individually metered suites and 100% occupancy by a diversified mix of tenants can also support a multi-tenant strategy, including for professional services and other light flex users.
Key Highlights
- 10,000± SF office/warehouse built in 2020 with a professional interior layout and welcoming entry lobby
- 100% occupied with a diverse tenant mix and staggered lease expirations for built‑in cash flow continuity
- Includes multiple private offices, conference room, break/kitchen area, and restrooms suitable for service and light flex uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,234
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,344,680
$2.3M
Cap Rate 7%
$1,674,771
$1.7M
Cap Rate 9%
$1,302,600
$1.3M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$200.4K $20.04/SF
− Vacancy
−$44.1K −$4.41/SF
EGI
$156.3K $15.63/SF
− OpEx
−$39.1K −$3.91/SF
NOI
$117.2K $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%
$2,344,680
Cap Rate 7%
$1,674,771
Cap Rate 9%
$1,302,600
Alternative Uses
Best Use
Office B
$1.67M
$1.47M – $1.95M
NOI $117,234 @ 7.0% cap · market cap 3.66%
Second Best
Warehouse
$882.9K
$772.6K – $1.03M
NOI $61,805 @ 7.0% cap · market cap 1.93%
Theoretical Best
Specialty Retail
$2.52M
$2.21M – $2.95M
NOI $176,717 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Well-served
Demand for This Use
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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
$232,200
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Conroe, TX
Properties on Market for Flex space in Conroe
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- African Bowl Texas — 2211 Montgomery Park Blvd, Conroe, TX 77304
- Firehouse Subs Teas Crossing — 3021 Interstate 45 N, Conroe, TX 77304
Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied office/warehouse with a professional interior layout and individually metered suites suited to service and light flex tenants.
Where is this flex space located?
The property is located at 2525 N Frazier St Building VI Conroe, TX.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 10,000± SF office/warehouse built in 2020 with a professional interior layout and welcoming entry lobby; 100% occupied with a diverse tenant mix and staggered lease expirations for built‑in cash flow continuity; Includes multiple private offices, conference room, break/kitchen area, and restrooms suitable for service and light flex uses
