Property profile

990 Vlg Sq Dr Tomball, TX 77375

OFF-MARKET
Medical Office Space
Property ID
US82-9294384
38,362 SF 2.5 ac lot Built 1985
Individually Owned 19-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Tech Support Center IT Consulting Firm
  • Physician Medical Clinic
  • Trucking Company
  • Law Firm Child Welfare Organization
  • Counselor Mental Health Service

Location

990 Vlg Sq Dr Tomball, TX 77375-4270
Tomball metro Census 555403 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
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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

since 2007
6 recorded transactions
2017
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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