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3702 Center St Deer Park, TX 77536

Medical Office Space Google Maps
4,992 SF 0.53 ac lot Built 1979
Entity Owned 28-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$345k
Range $311k – $380k (±10%)
Property ID US82-4347658

Property summary

AI-generated overview

This 4,800 square foot retail building in Deer Park, Texas, presents a compelling investment opportunity. Currently 100% occupied by Jefferson Dental under a triple-net (NN) lease with a remaining term of approximately 3.7 years, expiring July 31, 2028, and including a 7.56% rent increase at lease renewal. The property boasts a strong 6.65% cap rate and a NOI of $86,400. Built in 1979 and renovated in 2018, this single-story, Class B building sits on a 0.53-acre lot and offers ample parking (32 spaces per 1,000 sq ft). The tenant, a well-established dental practice with over 70 locations in Texas and Oklahoma, has occupied the space since August 1, 2018. The property's prime location on Center Street, a major north-south thoroughfare in Deer Park, benefits from high daily traffic counts and close proximity to Beltway 8 and Highway 225. The asking price is $1,300,000, translating to $270.83 per square foot and $56 per square foot of land value. Zoned for commercial use, this property offers excellent visibility and strong potential for long-term returns. The lease includes three options.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1979
Construction METAL FRAME
Total area 4,992 SF
Lot 0.53 ac (23,000 SF)
APN 462250000003
UPID US82-4347658

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
  • Dental Office
  • Building Supply General Contractor
  • Dental Office
  • Dental Office
  • Fur Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 1997
2 recorded transactions
1997
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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