Turnkey Freestanding Office
For Sale
Contact for pricing
3609 North Frazier Street, Conroe, TX 77303
Freestanding, turnkey office building with dedicated parking and strong road frontage for client-friendly professional use.
Property Size1,200 SF
Price / SF$312.50
Days on Market69
Property Features for 3609 North Frazier Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Office
Additional Details
Business Included
Yes
Building Details
Year Built
1972
Buildings
1
Units
3
Listing Agency:
Creighton Realty Partners
(832) 876-7097
Listed By:
Tamarah Curtis · License #tx 0556775
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 11 at 4:08PM
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 Creighton Realty Partners
Investment Insights
Based on property information with market context.
This turnkey, freestanding commercial office building offers 1,200 square feet of dedicated space on a generous plot. The property is presented with an office-focused layout suitable for in-house operations that benefit from independent branding, along with dedicated parking for day-to-day access.
The building is located at 3609 North Frazier Street in Conroe, Texas, with excellent road frontage along N Frazier Street. The strong visibility and easy drive-up approach make it well suited for businesses that want clients to quickly locate and reach the property.
Designed to support a range of professional and administrative uses, the building fits well for professional services, medical administrative offices, tech firms, and boutique agencies. If you’re looking for a standalone office presence with client-friendly access and parking, this property provides a straightforward, turnkey option. Buyers can evaluate the space as a dedicated operating location and confirm fit for their specific office requirements.
The building is located at 3609 North Frazier Street in Conroe, Texas, with excellent road frontage along N Frazier Street. The strong visibility and easy drive-up approach make it well suited for businesses that want clients to quickly locate and reach the property.
Designed to support a range of professional and administrative uses, the building fits well for professional services, medical administrative offices, tech firms, and boutique agencies. If you’re looking for a standalone office presence with client-friendly access and parking, this property provides a straightforward, turnkey option. Buyers can evaluate the space as a dedicated operating location and confirm fit for their specific office requirements.
Key Highlights
- Freestanding commercial office building totaling 1,200 SF
- Built in 1972
- Located on a plot with strong road frontage along N Frazier Street
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
$17,756
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
4.73%
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%
$355,120
$355.1K
Cap Rate 7%
$253,657
$253.7K
Cap Rate 9%
$197,289
$197.3K
Market Conditions
NOI Build-Up for 1,200 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
$35.6K $29.64/SF
− Vacancy
−$6.0K −$4.98/SF
EGI
$29.6K $24.66/SF
− OpEx
−$11.8K −$9.86/SF
NOI
$17.8K $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 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%
$355,120
Cap Rate 7%
$253,657
Cap Rate 9%
$197,289
Alternative Uses
Best Use
Healthcare Medical
$253.7K
$222.0K – $295.9K
NOI $17,756 @ 7.0% cap · market cap 4.73%
Second Best
Office B
$201.0K
$175.9K – $234.5K
NOI $14,068 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,773
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding, turnkey office building with dedicated parking and strong road frontage for client-friendly professional use.
Where is this office building located?
The property is located at 3609 North Frazier Street Conroe, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Freestanding commercial office building totaling 1,200 SF; Built in 1972; Located on a plot with strong road frontage along N Frazier Street
