Property profile

308 Parkwood Ave Ste 104a Friendswood, TX 77546

OFF-MARKET
Commercial real estate
Property ID
US82-3351554
3,078 SF 0.07 ac lot Built 2007
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 6,038 square foot, two-story office building in Friendswood, TX, is available for sale. Built in 2008 and extensively renovated in 2021, the property features 20 exam/office rooms, three additional office/storage spaces, a large reception area, waiting room, break room, and four restrooms. Located at 308 W Parkwood Ave, this vacant building sits on a 6,400 square foot lot and benefits from a convenient location near major intersections and easy access to I-45 (within 15 minutes). The property is zoned CSC and offers ample shared parking (over 50 spaces). Friendswood boasts a strong economy, excellent schools, and a vibrant community with a median household income of $115,466. Nearby amenities include numerous restaurants and major employers such as H-E-B, Kroger, and Clear Creek ISD. The asking price is $995,000 ($182.18/SF). A new mixed-use development is planned nearby, promising further growth and opportunity. This is an ideal owner-user or investment opportunity. The property is move-in ready.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 3,078 SF
Lot 0.07 ac (3,202 SF)
APN 1008-0000-0001-100
UPID US82-3351554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Construction Company General Contractor
  • Loan Service Bank
  • Physician
  • Physician

Location

308 Parkwood Ave Ste 104a Friendswood, TX 77546-5478
Friendswood metro Census 720301 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

since 2022
6 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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