Renovated Office Building in
729 N Frazier Street, Conroe, TX
Fully renovated office building in Downtown Conroe, completed in 2025.
Type:OFFICE
Property size:
6,818 SFLot size:
0.33 AcresPrice / SF:
$131/SF- Added:
- Jul 10, 2025
- Days on Market:
- 311
- Last Refresh:
- Apr 5 at 8:36 pm
Property Features for 729 N Frazier Street
General Information
- Standard status
- Active
- Size
- 6,818 SF
- Lot size
- 0.33 Acres
- Property subtype
- OFFICE
Listing agent Beau Harris (936) 523-0483
Listing office Black Label Commercial Group (936) 523-0483
Listing date Jul 10, 2025
Source Moodyscre
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 Black Label Commercial Group
HighLights
- Fully renovated in 2025, offering a modern, turnkey office space.
- Located in a designated Opportunity Zone in rapidly growing Downtown Conroe, Texas.
- Flexible zoning designation allows for a variety of business uses.
- Includes 1,500+ SF of finished attic space suitable for expansion or storage.
- Features 30 on‑site parking spaces (5 per 1,000 SF).
- Equipped with 10 private offices, 2 conference rooms, and a modern break area with full kitchen.
Overview
This is a fully renovated office building located in Downtown Conroe, Texas. The 6,818 square foot office space, completed in 2025, features 10 private offices, 2 conference rooms, and 3 restrooms, along with a modern break area and full kitchen. Each office door has glass-paneled finishes, and the restrooms have been modernized with new sinks, toilets, and fixtures. An additional 1,500+ square foot third-level attic space, not included in the primary square footage, offers HVAC and a solid concrete floor, suitable for future office expansion or climate-controlled storage. The property includes 30 on-site parking spaces. With a 12-foot slab-to-slab height and flexible zoning, the property is suited for insurance agencies, accounting firms, law offices, business brokerages, or co-working operators. The building was originally built in 1988 and renovated in 2025. The lot size is 0.33 acres. The property has excellent frontage on a main road. The building has two stories plus a finished attic. The property is located in a designated Opportunity Zone. Upgrades include new paint, carpet, and tile throughout.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$888.1K
NOI $79,930 @ 9.00% cap · cautious / downside scenario
Moderate
$1.14M
NOI $79,930 @ 7.00% cap · market / base-case scenario
Aggressive
$1.60M
NOI $79,930 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.6k | $20.04 |
| − Vacancy | −$30.1k | −$4.41 |
| EGI | $106.6k | $15.63 |
| − OpEx | −$26.6k | −$3.91 |
| NOI | $79.9k | $11.72 |
6,818 SF · lease $20.04/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.14M
$999.1K – $1.33M
NOI $79,930 @ 7.0% cap · market cap 8.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,486 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Community Youth Outreach
Corporate Office
Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4582
- Latitude
- 30.3
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Fully renovated office building in Downtown Conroe, completed in 2025.
Where is this office building located?
The property is located at 729 N Frazier Street Conroe, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully renovated in 2025, offering a modern, turnkey office space.; Located in a designated Opportunity Zone in rapidly growing Downtown Conroe, Texas.; Flexible zoning designation allows for a variety of business uses.
.jpg)
.jpg)
.jpg)
.jpg)
