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    30643 Fm2978 The Woodlands, TX 77354

    Sponsored
    For Sale
    $7,000,000

    15,739 SF Office Complex, 100% Occupied

    Property size:
    15,739 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional investment opportunity presents a fully occupied, three-building office complex totaling 15,739 square feet, situated on a 15,739 square foot lot in Magnolia, Texas. The Class B property, located at 30643 FM 2978, features single-story buildings and a triple net (NNN) lease structure. Currently boasting 100% occupancy with a diverse tenant mix including a home automation firm, an architecture group, and an investment firm, this property offers immediate cash flow and significant upside potential. The strategic location at the western gateway to The Woodlands, via Woodlands Parkway, provides exceptional visibility and accessibility to a thriving, affluent community. Daily traffic counts along FM 2978 average approximately 40,000 vehicles per day, ensuring high brand awareness. The property benefits from strong local demographics, with an average household income within a 5-mile radius exceeding $172,726 and $1.6 billion in annual consumer spending. The area's robust growth trajectory, with a 56% increase in households within a 10-mile radius from 2010 to 2023 and projected 8% further growth through 2023, underscores the long-term investment value. Premium building and monument signage opportunities further enhance the property's appeal and marketing potential. The asking price for this multi-tenant office complex is $7,000,000.

    Property Features for 30643 Fm2978

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,739 SF
    Class
    B

    Building Details

    Buildings
    3
    Stories
    1

    HighLights

    • High‑income demographic: Serves affluent residents with average household income exceeding $172,726, generating $1.6B in annual consumer spending within a 5‑mile radius.
    • Strong population growth: 10‑mile radius experienced a 56% household increase from 2010‑2023, projecting an additional 8% growth through 2023.
    • Excellent visibility and signage: High‑traffic location with approximately 40,000 vehicles per day (VPD) offering prominent monument and building signage opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    TIPLER Group Custom Home Builder IGS Homeworks Home Automation Company The Woodlands Design Center Interior Designer Madeval The Woodlands Cabinet Store IGS Group Home Automation Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    The Woodlands
    County
    Montgomery
    State
    Texas
    Longitude
    -95.58807532138
    Latitude
    30.196395222953

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    FAQs

    What type of property is this?
    Office Property / Space - 15,739 SF Office Complex, 100% Occupied
    Where is this office property / space located?
    The property is located at 30643 Fm2978 The Woodlands, TX.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: High-income demographic: Serves affluent residents with average household income exceeding $172,726, generating $1.6B in annual consumer spending within a 5-mile radius.; Strong population growth: 10-mile radius experienced a 56% household increase from 2010-2023, projecting an additional 8% growth through 2023.; Excellent visibility and signage: High-traffic location with approximately 40,000 vehicles per day (VPD) offering prominent monument and building signage opportunities.
    Request Owner's contact information
    30643 Fm2978 The Woodlands, TX 77354
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    30643 Fm2978 The Woodlands, TX 77354
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