Two-Suite Office
303 LONGMIRE RD Suites 1001 & 1002, Conroe, TX 77304
For Sale
Contact for pricing
Configured with private offices, meeting space, kitchenettes, and parking within a gated professional community.
Property Size2,540 SF
Price / SF$173.23
Days on Market17
Property Features for 303 LONGMIRE RD Suites 1001 & 1002
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Furnished
Highway Access
Property Use
Listing Agency:
CB&A REaltors
Listed By:
Felisha Hennessey · License TX #764791
Source:
Crexi
Added: Oct 27
Changed: Nov 12
Last Checked: Nov 12 at 5:59AM
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 CB&A REaltors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 1001 and 1002 provide approximately 2,540 SF of combined office space in a gated professional office community. The layout includes 8 private offices, a conference room, 2 kitchenettes, 2 restrooms, and additional storage. Furniture is included except in upstairs office 201. Four dedicated parking spaces are positioned directly in front of the suites.
The property is in Conroe near Hwy 105 and I-45, with The Woodlands described as minutes away. Its office configuration includes dedicated work areas and shared meeting space.
The property is in Conroe near Hwy 105 and I-45, with The Woodlands described as minutes away. Its office configuration includes dedicated work areas and shared meeting space.
Key Highlights
- Suites 1001 and 1002 offer approximately 2,540 SF combined
- 8 private offices, a conference room, 2 kitchenettes, 2 restrooms, and additional storage
- 4 dedicated parking spaces directly in front of the suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,777
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,540
$595.5K
Cap Rate 7%
$425,386
$425.4K
Cap Rate 9%
$330,856
$330.9K
Market Conditions
NOI Build-Up for 2,540 SF
Gross rent
$50.9K $20.04/SF
− Vacancy
−$11.2K −$4.41/SF
EGI
$39.7K $15.63/SF
− OpEx
−$9.9K −$3.91/SF
NOI
$29.8K $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%
$595,540
Cap Rate 7%
$425,386
Cap Rate 9%
$330,856
Alternative Uses
Best Use
Office B
$425.4K
$372.2K – $496.3K
NOI $29,777 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$641.2K
$561.1K – $748.1K
NOI $44,886 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
899
Businesses Nearby
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
Market
Properties on Market for Office Units in Conroe
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with private offices, meeting space, kitchenettes, and parking within a gated professional community.
Where is this office unit located?
The property is located at 303 LONGMIRE RD Suites 1001 & 1002 Conroe, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Suites 1001 and 1002 offer approximately 2,540 SF combined; 8 private offices, a conference room, 2 kitchenettes, 2 restrooms, and additional storage; 4 dedicated parking spaces directly in front of the suites
