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    150 Pne Frst Dr Shenandoah, TX 77384

    Sponsored
    For Lease
    $24 SF/Yr

    1,250 SF Medical Office Condo, Texas

    Lot size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional 1,250-square-foot medical office condo is ideally situated in The Woodlands, Texas, at 150 Pine Forest Dr, 77384, offering convenient access to Vision Park Blvd. Built in 2016, this single-tenant Class B property boasts a thoughtfully designed layout perfect for medical practices. The suite features a spacious reception area, a separate waiting/lobby area, an ADA-compliant restroom, a private office, multiple exam rooms, a dedicated supply room, and a rear laboratory area. This one-story condo provides ample space and functionality for a variety of medical specialties. The property is currently vacant and ready for immediate occupancy. The monthly rent of $3,300 is inclusive of all Net, Net, Net (NNN) fees, providing predictable and manageable operating costs. The property's location within the thriving The Woodlands community ensures high visibility and accessibility for patients and staff. This turnkey solution presents a fantastic opportunity for medical professionals seeking a well-appointed and conveniently located office space. The property is a single-tenant space within a larger building.

    Property Features for 150 Pne Frst Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,250 SF
    Class
    B

    Building Details

    Year Built
    2016
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,250 SF
    Rate per SF
    $24

    We can help!

    Listing Contact
    Matthew Traylor
    Matthew Traylor

    Learn more

    HighLights

    • 1,250 SF medical office condo in The Woodlands, TX (77384), located at 150 Pine Forest Dr, near Vision Park Blvd.
    • Built in 2016, Class B, single‑tenant occupancy.
    • Features reception area, waiting room, ADA restroom, private office, exam rooms, supply room, and lab.
    • Currently vacant, ready for immediate occupancy.
    • $3,300/month rent, NNN expenses included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ayesha Vohra Neurologist Eliza Codd Nurse Practitioner T. Gordy Alam, ... Gastroenterologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Shenandoah
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4585846
    Latitude
    30.1891692

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    FAQs

    What type of property is this?
    Medical office - 1,250 SF Medical Office Condo, Texas
    Where is this medical office located?
    The property is located at 150 Pne Frst Dr Shenandoah, TX.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,250 SF medical office condo in The Woodlands, TX (77384), located at 150 Pine Forest Dr, near Vision Park Blvd.; Built in 2016, Class B, single-tenant occupancy.; Features reception area, waiting room, ADA restroom, private office, exam rooms, supply room, and lab.
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    150 Pne Frst Dr Shenandoah, TX 77384
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    150 Pne Frst Dr Shenandoah, TX 77384
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    We can help!
    Listing Contact
    Matthew Traylor
    Matthew Traylor
    Real Estate License ID: TX 532103
    Learn more
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