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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3707 College Park Dr The Woodlands, TX 77384

    • Strip malls
    • 17,636 SF
    • 2.63 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2267965
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 3707 College Park Dr

    Year built
    2008
    Lot size
    2.63 lot acres
    Property size
    17,636 SF
    Property type
    Strip malls

    Description

    College Park Crossing, located at 3707 College Park Dr in Conroe, Texas 77384, presents a remarkable opportunity for retail or restaurant businesses. This Class A, single-story strip center, built in 2008, boasts a total of 17,636 square feet on a 2.63-acre lot. Currently, 1,237 square feet are available, offering flexible space options ranging from 1,509 to 3,529 square feet, ideal for a variety of uses. The property features convenient access and ample parking, ensuring high visibility and customer convenience. Its location in The Woodlands area of Conroe provides excellent access to a thriving community with strong demographics. The absence of elevators is inconsequential given the single-story design. This is a multi-tenant property offering a strong investment opportunity in a desirable location. The property's modern construction and prime location make it an attractive option for businesses seeking a high-traffic area with significant growth potential. The available space is perfect for a second-generation restaurant or a similar retail establishment. Don't miss this chance to secure a space in this thriving retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    The Woodlands
    County
    Montgomery
    State
    Texas
    Longitude
    -95.47285694
    Latitude
    30.20571609

    Comparable in this City

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      Conroe Retail Space: 1,055 SF Available

      Prime Conroe retail space, Class A, renovated 2017.
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      Prime I-45 Retail Space in Shenandoah

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      Retail Space For Lease

      Retail space available for lease, approximately 2,700 square feet.
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    • $384 /Mo
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      Conroe Office Space: 3,539 SF Available

      Prime Conroe office space, high traffic, immediate occupancy.
      525 Woodland Square Blvd, Conroe, TX 77384
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    • $27 SF/Yr
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      Retail Space for Lease

      Retail spaces available for lease with high traffic count.
      525 Woodland Sq Blvd, Conroe, TX 77384
      View Details

    Similar Nearby for Sale

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      13,118 SF

      Retail Showroom on I-45 Frontage

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      13,118 SF

      Retail Building with I-45 Frontage

      13,118 SF retail building with I-45 frontage, for sale/lease.
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    • $2,400,000
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      Conroe Land For Sale

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      High-Traffic FM 1488 Land

      Land near I-45 and The Woodlands.
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    Similar Nearby for Lease

    • $32 SF/Yr
      11,000 SF

      Retail Center on FM 1488

      New construction retail center with endcap suites available for lease.
      3776 Farm To Market Rd, Conroe, TX 77384
      View Details
    • $29 SF/Yr
      28,047 SF

      Conroe Retail Space: 1,055 SF Available

      Prime Conroe retail space, Class A, renovated 2017.
      3600 Fm 1488 Rd, Conroe, TX 77384
      View Details
    • $12 SF/Yr
      13,118 SF

      Prime I-45 Retail Space in Shenandoah

      13,118 SF Free-Standing Building, High Visibility
      15102 Interstate 45, Conroe, TX 77384
      View Details
    • $384 /Mo
      77,274 SF

      Conroe Office Space: 3,539 SF Available

      Prime Conroe office space, high traffic, immediate occupancy.
      525 Woodland Square Blvd, Conroe, TX 77384
      View Details
    • $31 SF/Yr
      32,588 SF

      Retail Space For Lease

      Retail space available for lease, approximately 2,700 square feet.
      2400 Farm To Market Rd, The Woodlands, TX 77384
      View Details
    • $27 SF/Yr
      10,300 SF

      Rainbow Plaza Retail Space For Lease

      Prime Retail Space in The Woodlands Area
      5403 Farm To Market 1488, Conroe, TX 77384
      View Details
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    The Woodlands, 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.

    More about this property
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