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4840 Panther Crk Dr The Woodlands, TX 77381-3527

OFF-MARKET Medical Office Space Google Maps
29,650 SF 2.46 ac lot Built 1999
Entity Owned 8-yr Hold Free & Clear
Estimated value (blended)
$1.14M
Range $1.02M – $1.25M (±10%)
Property ID US83-2375719

Property summary

AI-generated overview

This exceptional two-story, Class B medical office building, constructed in 1999, presents a unique investment opportunity in the thriving The Woodlands submarket. The property, known as Panther Creek Professional Plaza, boasts a single building with 140 total parking spaces, providing a generous ratio of approximately 4 spaces per 1,000 square feet. A convenient covered drive-thru drop-off ensures ease of access for patients and staff. The building's strategic location adjacent to the Panther Creek Village Center places it within a vibrant community rich with amenities. Surrounding the property are upscale residential neighborhoods, highly-rated schools, diverse restaurants, and a variety of retail shops, creating a strong patient base and convenient environment. The property features multiple tenancies, offering flexibility for various medical practices. The building is equipped with ample power. The APN is 6913-00-00100. This well-maintained property offers a compelling combination of location, amenities, and functionality, making it an ideal investment for discerning buyers seeking a strong presence in a desirable medical market. The property's convenient access and ample parking make it an attractive option for both patients and medical professionals.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Total area 29,650 SF
Lot 2.46 ac (107,375 SF)
Zoning code 6
APN 6913-00-00100
UPID US83-2375719

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.14M

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2007
Price N/A
2007
Price N/A

Zoning & alternative use

6 · The Woodlands, TX
Top alternative use upside
Warehouse, storage $1.8M +2.5%

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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