Built-Out Medical Office with Second
For Sale
Contact for pricing
303 Longmire Rd Suite 301, Conroe, TX 77304
Clinical layout includes reception, plumbed exam rooms, administrative areas, restrooms, and a staff breakroom.
Property Size2,738 SF
Price / SF$291.82
Days on Market167
Property Features for 303 Longmire Rd Suite 301
General Information
Standard status
Active
Size
2,738 SF
Class
B
Property subtype
Office
Zoning
Commercial
Lease Type
NNN
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Blavesco Ltd
Listed By:
Heather Carlile · License #TX 0443914
(936) 672-7671
Source:
Crexi
Added: May 1
Changed: Oct 3
Last Checked: Oct 12 at 6:56PM
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 Blavesco Ltd
Investment Insights
Based on property information with market context.
This 2,738-square-foot medical office at 303 Longmire Rd, Suite 301, provides a completed clinical layout with reception and waiting areas, multiple exam rooms with plumbing, administrative workspace, restrooms, and a staff breakroom. Interior details include wood flooring, cabinetry, and substantial natural light.
A full second level adds a bathroom with shower and a kitchenette, providing additional usable space for quarters, meetings, storage, or office functions. The property also carries a potential leaseback through July 2027, subject to the applicable arrangement.
A full second level adds a bathroom with shower and a kitchenette, providing additional usable space for quarters, meetings, storage, or office functions. The property also carries a potential leaseback through July 2027, subject to the applicable arrangement.
Key Highlights
- 2,738‑square‑foot medical office at 303 Longmire Rd, Suite 301
- Multiple exam rooms with plumbing, reception, waiting, administrative, and staff areas
- Full second level with bathroom, shower, and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,512
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,240
$810.2K
Cap Rate 7%
$578,743
$578.7K
Cap Rate 9%
$450,133
$450.1K
Market Conditions
NOI Build-Up for 2,738 SF
Gross rent
$81.2K $29.64/SF
− Vacancy
−$13.6K −$4.98/SF
EGI
$67.5K $24.66/SF
− OpEx
−$27.0K −$9.86/SF
NOI
$40.5K $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 Rate 5%
$810,240
Cap Rate 7%
$578,743
Cap Rate 9%
$450,133
Alternative Uses
Best Use
Healthcare Medical
$578.7K
$506.4K – $675.2K
NOI $40,512 @ 7.0% cap · market cap 5.07%
Second Best
Office B
$458.6K
$401.2K – $535.0K
NOI $32,099 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$691.2K
$604.8K – $806.4K
NOI $48,385 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77304, TX
35,969
Population
18,462
Households
1.9
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
40.0 sq mi
ZIP Area
899
Density / Sq Mi
$78,574
Median Household Income
$43,314
Median Earnings
$1,397
Median Rent
$324,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical layout includes reception, plumbed exam rooms, administrative areas, restrooms, and a staff breakroom.
Where is this medical office space located?
The property is located at 303 Longmire Rd Suite 301 Conroe, TX.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,738‑square‑foot medical office at 303 Longmire Rd, Suite 301; Multiple exam rooms with plumbing, reception, waiting, administrative, and staff areas; Full second level with bathroom, shower, and kitchenette
