Stabilized Office/Warehouse
For Sale
$3,200,000
2525 N Frazier St Building VI, Conroe, TX 77303
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 Market49
Property Features for 2525 N Frazier St Building VI
General Information
Standard status
Active
Size
10,083 SF
Class
B
Property subtype
Office
Occupancy
100%
Additional Details
Business Included
Yes
Building Details
Building Size
10,083 SF
Year Built
2020
Tenancy
Multi
Listing Agency:
The Commercial Professionals
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #TX #0642075
Source:
Thecommercialprofessionals
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 12 at 4:24AM
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.
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 = 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
$117,234
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
3.66%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
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
