3840 Davis St Conroe, TX 77304
Property profile & analytics
3840 Davis St Conroe, TX 77304
- Medical Office Space
- 6,600 SF
- 0.74 lot acres
Property ID
US83-2342156
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.
Location Intelligence
Current Use by Public Records
- Frank Colunga / Physician
- Total Point Emergency Center - Conroe / Hospital
Property Details for 3840 Davis St
- Year built
- 2015
- Lot size
- 0.74 lot acres
- Property size
- 6,600 SF
- Property type
- Medical Office Space
- APN
- 5158-00-00301
Description
This exceptional 6,600 square foot medical office building, located at 3840 W Davis St in Conroe, Texas, presents a compelling investment opportunity. Built in 2015, the property boasts a fee simple ownership structure, encompassing both land and building, offering complete control and zero landlord responsibilities. Currently occupied by Total Point ER under a 20-year Absolute NNN lease (commencing December 1, 2021, and expiring December 1, 2041), the lease features 17 years remaining and includes four 5-year renewal options. The tenant enjoys a strong credit rating and demonstrates consistent growth, with annual rent bumps of 2%. The property generates a substantial NOI of $519,153, resulting in an attractive 7.25% cap rate. Situated on a 0.74-acre lot with 30 parking spaces, the building benefits from excellent visibility and accessibility along W Davis St, a high-traffic corridor (40,800 vehicles per day). The property's strategic location within a dense retail area, adjacent to a 270-unit apartment complex, and within a trade area of 100,000 residents and 48,000 employees with an affluent average household income of $109,180, ensures strong tenant demand and long-term value. The asking price is $7,161,000, translating to $1,085 per square foot. The property is zoned for General Commercial use and has a Montgomery County APN of 5158-00-00301. This is a rare opportunity to acquire a high-performing, low-maintenance medical office building in a thriving Texas market.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Conroe
- County
- Montgomery
- State
- Texas
- Longitude
- -95.4987975
- Latitude
- 30.327788
