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Property profile & analytics
FOR LEASE
Medical Office Space

1020 Riverwood Ct Conroe, TX 77304

Built 2019
Individually Owned 9-yr Hold
Property ID
US83-2295807
Property summary
AI-generated overview

Completed Mid-2019, New Class A Medical Office Building adjacent to HCA Houston Healthcare Conroe Hospital. Shell space is still available on 2nd floor, ranging from 2,000 SF up to 4,000 SF, along with aggressive TI allowance provided by Landlord, affording Tenants the opportunity to design their office, to fit their exact needs and style. Along with the convenience for both patients and physicians that the location to the HCA hospital campus provides, has easy access to two of Conroe’s major transportation corridors, Interstate 45 and Loop 336. Other highlights include that the property is located 10 min north of The Woodlands, and in a growing area of Conroe, with the new 2500 acre master planned community currently being developed along I-45 and S. Loop 336.W.

Property profile
Verified
Property type Medical Office Space
Year built 2019
UPID US83-2295807
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dr. Jonathan W. Sneed, DO Physician
  • Dr. Angelica L. Harrell, MD Physician
  • Dr. Timothy C. Casperson, DPM, FACFAS Physician
  • Spring Creek Urology Medical Clinic Physician
  • Physical Therapy Associates - Conroe Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Riverwood Court Medical Center · 9 yrs held
Riverwood Court Medical Center
since 2017
3 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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