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Property profile & analytics
OFF-MARKET
Office Spaces

503 Medical Center Blvd Conroe, TX 77304

16,137 SF 1.92 ac lot Built 2008
Entity Owned 5-yr Hold
Property ID
US83-2202723
Property summary
AI-generated overview

This single-story, 16,137 square foot Class B medical office building is situated on 1.92 acres in Montgomery County's thriving Conroe medical district. Built in 2008, the property boasts 75 parking spaces and offers excellent visibility at the corner of Interstate-45 and South Loop 336, directly adjacent to HCA Houston Healthcare Conroe Hospital. Currently, there are two available suites ranging from 1,410 to 2,708 square feet, totaling 4,118 square feet of vacant space. The building features on-site property management and convenient access to fiber internet options. Its prime location benefits from direct access to Interstate-45, ensuring easy ingress and egress. Furthermore, the property enjoys a strategic position across from the 2,000-acre Grand Central Park development by Johnson Development, a planned mixed-use project encompassing significant commercial, retail, and residential components. This presents a unique opportunity to capitalize on the growth and expansion within this rapidly developing area. The building has one story and no elevators. The property is multi-tenant.

Property profile
Verified
Property type Office Spaces
Year built 2008
Total area 16,137 SF
Lot 1.92 ac (83,635 SF)
UPID US83-2202723
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
  • Aprill Rambarran Pediatrician Physician
  • Conroe Aesthetics, Weight & Wellness Spa & Massage Center Alternative Medicine Practice
  • Estela Rodriguez Alonso Physician
  • Sally Shaver Pediatrician Physician
  • Simi Koshy Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Victory Park LLC · 5 yrs held
Victory Park LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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