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    350 Nursery Rd Spring, TX 77380

    Sponsored
    For Sale
    $1,924,300

    5,498 SF Office Suite, 7% Cap Rate

    Property size:
    5,498 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 5,498 square foot office suite located within the Grogan's Gate Professional Center, Suite 7200, at 350 Nursery Rd, Spring, TX 77380. The property, built in 2021, is a Class B, multi-tenant professional office space with a current occupancy rate of 60%. Priced at $1,924,300, this translates to a compelling price per square foot of $350 and a projected 7.00% cap rate. The building is situated in a rapidly growing area adjacent to The Woodlands, a master-planned community boasting over 100,000 residents and 40,000 jobs. This prime location offers convenient access to major roadways, amenities, and significant corporate centers, including Exxon, SWN, and Anadarko. The property benefits from ample parking, a characteristic of the area's redevelopment from residential to commercial use. The Grogan's Gate Professional Center comprises a total of 24,000 square feet of office space distributed across six single-story buildings and one two-story building (12,500 SF). The construction features metal frames, metal roofs, and a blend of stucco, brick, and metal siding. The lease type is NNN. This property is ideally suited for small to medium-sized businesses and service providers seeking a professional presence at a competitive price point within the thriving Woodlands area. The building is a two-story structure.

    Property Features for 350 Nursery Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,498 SF
    Class
    B

    Building Details

    Year Built
    2021
    Stories
    2

    HighLights

    • 5,498 SF office suite in Spring, TX, priced at $1,924,300 ($350/SF).
    • Class B, multi‑tenant office building in the Grogan's Gate Professional Center (350 Nursery Rd, Suite 7200).
    • Built in 2021, with a 60% occupancy rate and a projected 7.00% cap rate.
    • NNN lease; ample parking; located near The Woodlands, Exxon, SWN, and Anadarko.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spring Thai Massage ... Thai Massage Therapist Hair extensions by ... Hairdresser Living Holistic Coworking Space Vibe Acupuncture & Holistic ... Acupuncture Clinic Evolve Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.450257
    Latitude
    30.1409618

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    FAQs

    What type of property is this?
    Office Property / Space - 5,498 SF Office Suite, 7% Cap Rate
    Where is this office property / space located?
    The property is located at 350 Nursery Rd Spring, TX.
    What is the asking price?
    The asking price for this property is $1,924,300.
    What are key features of this property?
    This property features: 5,498 SF office suite in Spring, TX, priced at $1,924,300 ($350/SF).; Class B, multi-tenant office building in the Grogan's Gate Professional Center (350 Nursery Rd, Suite 7200).; Built in 2021, with a 60% occupancy rate and a projected 7.00% cap rate.
    (281) 363-2845
    Request Owner's contact information
    350 Nursery Rd Spring, TX 77380
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    Spring, TX 77380
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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
    350 Nursery Rd Spring, TX 77380
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