Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    350 Nursery Rd Spring, TX 77380

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    350 Nursery Rd Spring, TX 77380

    View on Map
    • Office properties & Spaces
    • 1,792 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spring Thai Massage Spa / Alternative Medicine Practice / Spa & Massage Center
    • Hair extensions by CELINE / Hair Salon
    • Living Holistic / Coworking & Hybrid Office
    • Vibe Acupuncture & Holistic Healing Center / Medical Clinic / Alternative Medicine Practice
    • Evolve / Consultant

    Property Details for 350 Nursery Rd

    Year built
    2019
    Property size
    1,792 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This 1,792 square foot Class B office space is located at 350 Nursery Rd, Spring, TX 77380, in Montgomery County. The property, built in 2019, is part of the Grogan's Gate Professional Center, a development offering multiple tenancies within six single-story and one two-story buildings totaling 48,000 square feet. The center is situated near Interstate 45 North, providing convenient access to The Woodlands, a thriving community with over 125,000 residents and 40,000+ jobs. The location offers easy access to major roadways and prominent employers such as Exxon, SWN, and Anadarko. The property features attractive exteriors of stucco, brick, and metal, with metal frames and roofs. Ample parking is available. The space is ideal for small businesses, entrepreneurs, and service providers seeking professional, affordable office space in a convenient location. The building does not have elevators. The property is categorized as both Medical Office and Traditional Office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4501
    Latitude
    30.1414

    Comparable in this City

    • Value Estimation by Request

      1725 Hughes Landing Blvd

      Office Units
      1725 Hughes Landing Blvd, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request

      25227 Grogans Mill Rd

      Medical Office Space
      25227 Grogans Mill Rd, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request

      7 Grogans Park Dr

      Office Units
      7 Grogans Park Dr, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      35,847 SF

      8845 Six Pines Dr

      Coworking space • 35,847 SF
      8845 Six Pines Dr, Shenandoah, TX 77380
      View Details
    • Value Estimation by Request
      2,250 SF

      25511 Budde Rd Building

      Medical Office Space • 2,250 SF
      25511 Budde Rd Building, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      1,225 SF

      25329 Budde Rd

      Medical Office Space • 1,225 SF
      25329 Budde Rd, The Woodlands, TX 77380
      View Details

    Similar Nearby for Sale

    • $2,290,000
      8,000 SF

      Birds Professional Center: Prime Spring Office Building

      8,000 SF Office Building - 7.61% Cap Rate
      26410 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing
      2,230 SF

      The Woodlands Medical Office Condo

      2,230 SF Medical Office, Prime Location
      25511 Budde Rd, The Woodlands, TX 77380
      View Details
    • $2,750,000

      Prime Retail-Ready Pad Site

      1.54-acre retail pad site with I-45 frontage.
      25657 Interstate 45, Spring, TX 77380
      View Details
    • Contact for pricing

      Office/Medical Build-to-Suit Opportunity

      Proposed office or medical space for lease in Woodlands submarket.
      25919 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing
      7,688 SF

      Spacious Medical Center with Financing

      Large medical center with owner financing in The Woodlands.
      26407 Oak Ridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing

      The Woodlands Town Center Office

      Office space in The Woodlands Town Center, near amenities.
      2002 Timberloch Pl, The Woodlands, TX 77380
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      51,769 SF

      Shenandoah Healthcare Property For Rent

      Healthcare property available for lease in Shenandoah, Texas.
      9201 Pinecroft Dr, Shenandoah, TX 77380
      View Details
    • Contact for pricing
      1,662 SF

      Class A Medical Office Building

      Three-story medical office building near major hospitals with ample parking.
      9303 Pinecroft Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Two-story medical office building near major hospitals with convenient access.
      8850 Six Pines Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing

      Medical Office Building Near Hospitals

      Two-story medical office building with ample parking near major hospitals.
      9191 Pinecroft Dr, The Woodlands, TX 77380
      View Details
    • Contact for pricing

      The Woodlands Office/Medical Space

      Premier office/medical space in The Woodlands, immediate access to I-45.
      200 Valleywood Rd, The Woodlands, TX 77380
      View Details
    • Contact for pricing
      2,500 SF

      Medical Office Sub-Lease Available

      Medical office space available for sub-lease one day per week.
      9319 Pinecroft Dr, Spring, TX 77380
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    350 Nursery Rd
    Spring, TX 77380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!