Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Bars & Pubs
3074 College Park Dr Conroe, TX 77384-8002
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US83-2332596
Property summary
AI-generated overview
This exceptional 14,557-square-foot shopping center, located at 3074 College Park Dr, Conroe, TX 77384, presents a compelling value-add opportunity in the highly desirable Woodlands market. Built in 2003 and renovated in 2020, the property sits on a substantial 86,349-square-foot lot. Currently vacant, this retail space offers significant potential for a new tenant or operator. Its strategic location benefits from a captive audience, nestled between I-45, The Woodlands College Park High School, and Lone Star College. The property enjoys adjacency to a Lowe's shadow anchor and proximity to the major retail hub of I-45 and Hwy 242. The surrounding area boasts a highly affluent consumer base, with over 140,000 residents within a 5-mile radius, exhibiting an average household income exceeding $160,000. This prime user opportunity in a top Texas market offers substantial upside for the right investor. The asking price for this property is $2,200,000. The property is situated in Montgomery County.
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
2003
Total area
14,553 SF
Lot
1.31 ac (57,151 SF)
APN
9700-00-00101
UPID
US83-2332596
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
-
Integra Health Clinics: Ghada Saqer, MD Medical Clinic
-
Integra Medical Clinics (Main Office) Medical Clinic
-
Your Health Lab Medical Clinic
-
Ego Cuisine and Music Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.00M
Owner & transaction history
Dream Medical Management Corporatio · 9 yrs held
Dream Medical Management Corporatio
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Conroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$50,255
Tax year 2024
Assessed value
$2,797,960
Assessed 2024
Previous assessed
$2,820,000
-0.8% YoY
Effective rate
1.80%
On assessed value
Assessed land
$1,028,710
Assessed improvement
$1,769,250
Land market value
$1,028,710
Improvement market value
$1,769,250
Total market value
$2,797,960
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
CENTRAL
Total area
14,553 SF
Lot
1.31 ac (57,151 SF)
APN
9700-00-00101
UPID
US83-2332596
Jurisdiction
MONTGOMERY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Lot
1.31 ac
Current owner
From public records · entity-resolved
Dream Medical Management Corporatio
Entity
Mailing address
3707 TARAWOOD CT, SPRING, TX 77388-4199
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
—
Dream Medical Management Corporatio
Integra Plaza LLC
Venders Lien
$2,600,000 · East West Bank
Nov 1, 2006
—
Owner Name Unavailable
Integrated Medical Plaza Of Th
Warranty Deed
related
—
May 2, 2005
—
Integrated Medical Plz Of Woodlan
Cvs Egl Clg Park Conroe Tx
Trustees Deed
$2,500,000 · Icap Realty Advisors Of Texas
Apr 1, 2005
—
Owner Name Unavailable
Cvs Egl College Park Conroe Tx
Grant Deed
related
$2,500,000 · Icap Realty Advisors Of Texas
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3074 College Park Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
