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    128 Vision Park Blvd Conroe, TX 77384
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    128 Vision Park Blvd Conroe, TX 77384

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    • Medical Office Space
    • 75,120 SF
    • 5.00 lot acres
    For Lease
    $3,075,000
    View Listing →
    Office/Medical Building Near Woodlands For Lease
    $3,075,000
    75,000 SF

    Office/Medical Building Near Woodlands

    75,000 SF office/medical building near The Woodlands Hospitals.

    128 Vision Park Blvd, Conroe, TX 77384
    View Listing
    Property ID
    US83-2397242
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 128 Vision Park Blvd

    Year built
    2014
    Lot size
    5.00 lot acres
    Property size
    75,120 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    8248-00-00100
    APU
    82480000100

    Description

    This exceptional three-story, Class B medical office building, totaling 75,000 square feet, presents a unique investment opportunity in the thriving Shenandoah, Texas market. Located at 128 Vision Park, this property boasts a prime location near The Woodlands Hospitals & Medical District, ensuring high visibility and convenient access for patients and staff. Built in 2014, the building offers multiple tenancy options, with spaces ranging from a minimum of 926 square feet to a maximum contiguous space of 3,313 square feet. Currently, there are 14,436 square feet of vacant space available, providing flexibility for various medical practices or businesses. The property sits on a generous 5-acre lot and includes ample parking with 299 spaces to accommodate patients and staff. The building's design and amenities cater specifically to medical office needs, making it an ideal location for a variety of healthcare providers. Its strategic location in Montgomery County, Texas, offers easy access to major roadways and a robust local economy. This is a rare opportunity to acquire a well-maintained, modern medical office building in a high-demand area. The building's size and layout offer significant potential for growth and expansion. Contact us today to learn more about this exceptional property and schedule a viewing.

    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
    Shenandoah
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4614
    Latitude
    30.1911
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $228,760
    $3,267,000
    $8,003,091
    $11,270,091
    -
    $3,267,000
    $8,003,091
    $11,270,091

    Comparable in this City

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    • Value Estimation
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      101 Vision Park Blvd

      MEDICAL BUILDING • 6,866 SF
      101 Vision Park Blvd, Shenandoah, TX 77384-3012
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      3800 Fm 1488th Rd

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      3101 College Park Dr

      MEDICAL BUILDING • 12,124 SF
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    • Value Estimation
      $2,695,000
      42,316 SF

      17191 St Lukes Way

      MEDICAL BUILDING • 42,316 SF
      17191 St Lukes Way, The Woodlands, TX 77384-8042
      View Details

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      75,000 SF office/medical building near The Woodlands hospitals.
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    Similar Nearby for Lease

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      10,432 SF

      Medical Office Building For Rent

      Class A medical office building in The Woodlands, Texas.
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      11,212 SF

      Medical Office Building For Rent

      Class A medical office building located on medical campus.
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      2,653 SF

      Medical Office Building For Rent

      Class A medical office building located on medical campus.
      17450 St Lukes Way, The Woodlands, TX 77384
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      8,582 SF

      Healthcare Property in The Woodlands

      Healthcare property available for lease in The Woodlands, Texas.
      17521 St Way Luke's, The Woodlands, TX 77384
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    • Contact for pricing

      Office/Medical Building Near Woodlands

      75,000 SF office/medical building near The Woodlands Hospitals.
      128 Vision Park Blvd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      Class A medical office space available in The Woodlands.
      17450 St Lukes Way, Conroe, TX 77384
      View Details
    View Listing
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    Conroe, 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.

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