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Property profile & analytics
OFF-MARKET Estimated value $8,400,000
Retail space

3091 College Park Dr The Woodlands, TX 77384-8023

70,400 SF 9.19 ac lot Built 2003
Entity Owned 2-yr Hold Free & Clear
Property ID
US83-2332595
Property summary
AI-generated overview

College Park Plaza, a thriving retail center, presents a unique leasing opportunity within The Woodlands Medical Corridor. Strategically located at the intersection of FM 242 and I-45, this property boasts exceptional visibility and accessibility. The center benefits from its proximity to four major hospitals: MD Anderson, St. Luke's Health, Texas Children's Hospital, and Houston Methodist The Woodlands, ensuring a substantial and consistent customer base. Annual visitor counts exceed 485,400, according to Placer.ai data. The property features convenient access points, including a lighted main entrance and two additional entry points, enhancing customer flow. A prominent pylon sign provides excellent branding opportunities. The expansive 38,222 square feet of green space offers potential for a pad site development or community gathering area. This prime location is further supported by a daytime population exceeding 139,000 within a five-mile radius, making College Park Plaza an ideal investment for businesses seeking high visibility and a strong customer demographic. The property is available for lease and offers a compelling opportunity to establish a successful retail presence in a rapidly growing medical corridor.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2003
Construction CONCRETE BLOCKS
Total area 70,400 SF
Lot 9.19 ac (400,491 SF)
APN 9700-09-00140
UPID US83-2332595
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
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.15M
Blend (final) Blend
$8.40M
Owner & transaction history
Lmr II College Park Plaza LLC · 2 yrs held
Lmr II College Park Plaza LLC
since 2023
5 recorded transactions
2023
Price N/A
2017
Price N/A
2007
Price N/A
2007
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $10.9M +105.9%
Restaurant $8.4M +57.6%
Warehouse, storage $6.7M +25.2%
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