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    Property profile & analytics
    OFF-MARKET Estimated value $925,000
    Medical Office Space

    990 Vlg Sq Dr, Tomball, TX 77375-4270

    38,362 SF 2.5 ac lot Built 1985
    Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US82-9294384
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 33,664 square foot, single-story, Class C office building located at 990 Village Square Dr, Tomball, TX 77375. The property, built in 1983 and extensively renovated in 2023, boasts a tilt-wall and brick construction. It sits on approximately 2.496 acres (108,790 square feet) of land and offers approximately 100 free surface parking spaces. The building currently generates a Net Operating Income (NOI) of $295,000, resulting in an 8.08% cap rate. The 2025 estimated gross income is projected at $445,000. The property is zoned OT & MU (Old Town & Mixed Use) and benefits from city utilities (water, sewer, and trash). A new roof was installed in August 2020 at a cost of $210,000. The lease type is Modified Gross. This prime location is just one block from Main Street, across from the US Post Office, and less than a mile from Hwy 249 (Tomball Parkway), placing it in the heart of downtown Tomball. The asking price is $3,650,000 ($108.42 per square foot). The seller prefers all-cash or 1031 exchange buyers. This is a compelling opportunity for investors seeking a strong return in a thriving Texas market.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1985
    Construction STEEL FRAME
    Total area 38,362 SF
    Lot 2.5 ac (108,730 SF)
    APN 1156870020001
    UPID US82-9294384
    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
    • MTR Services Tech Support Center IT Consulting Firm
    • Southern Star Psychology, PLLC Physician Medical Clinic
    • Gilbreath Transportation Trucking Company
    • The Bolton Law Firm, P.C. Law Firm Child Welfare Organization
    • Stephanie A. Smith LPC Counselor Mental Health Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $925k
    Owner & transaction history
    Veronica Jones · 19 yrs held
    Veronica Jones
    since 2007
    6 recorded transactions
    2017
    2007
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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