Conroe Office Building For
For Sale
Contact for pricing
5452 Hwy 105 W, Conroe, TX 77304
19,466 SF office building with 5.98% CAP rate.
Property Size19,466 SF
Price / SF$223.47
Days on Market1408
Property Features for 5452 Hwy 105 W
General Information
Standard status
Active
Size
19,466 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Net Operating Income
$260,317
Building Details
Year Built
2006
Tenancy
Multi
Listing Agency:
Foldetta Commercial
Listed By:
Ross Foldetta · License #TX 0514192
(281) 466-2880
Source:
Crexi
Added: Dec 8, 2022
Changed: Oct 3
Last Checked: Oct 14 at 11:59PM
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 Foldetta Commercial
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Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with 19,466 square feet of space. The property is being offered for sale and has a capitalized rate of 5.98%.
Key Highlights
- 5.98% CAP Rate
- Office Property
- Substantial 19,466 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$228,208
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,564,160
$4.6M
Cap Rate 7%
$3,260,114
$3.3M
Cap Rate 9%
$2,535,644
$2.5M
Market Conditions
NOI Build-Up for 19,466 SF
Gross rent
$390.1K $20.04/SF
− Vacancy
−$85.8K −$4.41/SF
EGI
$304.3K $15.63/SF
− OpEx
−$76.1K −$3.91/SF
NOI
$228.2K $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%
$4,564,160
Cap Rate 7%
$3,260,114
Cap Rate 9%
$2,535,644
Alternative Uses
Best Use
Office B
$3.26M
$2.85M – $3.80M
NOI $228,208 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.91M
$4.30M – $5.73M
NOI $343,997 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
72
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - 19,466 SF office building with 5.98% CAP rate.
Where is this office building located?
The property is located at 5452 Hwy 105 W Conroe, TX.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 5.98% CAP Rate; Office Property; Substantial 19,466 SF
