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    3840 Davis St Conroe, TX 77304

    Sponsored
    For Sale
    $7,161,000

    High-Yield Medical Office Investment

    Property size:
    6,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,600 square foot medical office building, located at 3840 W Davis St in Conroe, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a fee simple ownership structure, encompassing both land and building, offering complete control and zero landlord responsibilities. Currently occupied by Total Point ER under a 20-year Absolute NNN lease (commencing December 1, 2021, and expiring December 1, 2041), the lease features 17 years remaining and includes four 5-year renewal options. The tenant enjoys a strong credit rating and demonstrates consistent growth, with annual rent bumps of 2%. The property generates a substantial NOI of $519,153, resulting in an attractive 7.25% cap rate. Situated on a 0.74-acre lot with 30 parking spaces, the building benefits from excellent visibility and accessibility along W Davis St, a high-traffic corridor (40,800 vehicles per day). The property's strategic location within a dense retail area, adjacent to a 270-unit apartment complex, and within a trade area of 100,000 residents and 48,000 employees with an affluent average household income of $109,180, ensures strong tenant demand and long-term value. The asking price is $7,161,000, translating to $1,085 per square foot. The property is zoned for General Commercial use and has a Montgomery County APN of 5158-00-00301. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a thriving Texas market.

    Property Features for 3840 Davis St

    General Information

    Property type
    Medical offices
    Square Feet
    6,600 SF
    Lot Size
    32,234 SF

    Building Details

    Year Built
    2015

    HighLights

    • 18‑year lease remaining with extension options.
    • Absolute NNN lease, fee simple ownership, no landlord responsibilities, located in a tax‑free state.
    • Tenant is a rapidly expanding, creditworthy company with excellent performance.
    • High‑traffic retail corridor with national credit tenant presence, adjacent to a large apartment complex.
    • Excellent visibility and access on W Davis St (40,800 VPD).
    • Strong trade area with 100,000 residents and 48,000 employees, boasting an affluent average household income of $109,180.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frank Colunga Emergency Care Physician Total Point Emergency ... Emergency Room

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4987975
    Latitude
    30.327788

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    FAQs

    What type of property is this?
    Medical office - High-Yield Medical Office Investment
    Where is this medical office located?
    The property is located at 3840 Davis St Conroe, TX.
    What is the asking price?
    The asking price for this property is $7,161,000.
    What are key features of this property?
    This property features: 18-year lease remaining with extension options.; Absolute NNN lease, fee simple ownership, no landlord responsibilities, located in a tax-free state.; Tenant is a rapidly expanding, creditworthy company with excellent performance.
    Request Owner's contact information
    3840 Davis St Conroe, TX 77304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3840 Davis St Conroe, TX 77304
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