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2210 N Frazier St 9,000 SF 55% Leased Office Building Conroe, TX 77303 $1,450,000 ($161.11/SF) 6.17% Cap Rate
Investment Highlights
- Seller Financing Available
- Near-Term Lease-Up Opportunity
- Anchor Tenant With Long-Term NNN Lease
Executive Summary
2210 N Frazier St presents a value-add multi-tenant medical office investment in the heart of Conroe, TX. The 9,000 SF building is currently 55% occupied, offering immediate in-place income with a clear path to stabilization through the lease-up the available space. Upon stabilization, the property provides meaningful upside through increased occupancy and rental growth. Situated on 0.59 acres with a strong 4.44/1,000 SF parking ratio and positioned along the established N Frazier medical corridor, this offering combines durable healthcare tenancy, functional medical infrastructure, and long-term growth potential in a rapidly expanding North Houston submarket.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,000 SF
Building Class
C
Year Built
1972
Price
$1,450,000
Price Per SF
$161.11
Cap Rate
6.17%
NOI
$89,396
Percent Leased
55%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,500 SF
Slab To Slab
12’
Building FAR
0.35
Lot Size
0.59 AC
Zoning
1 - none
Parking
40 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Wheelchair Accessible
- Central Heating
- Common Parts WC Facilities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
2,880 square feet available for lease.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Floor | 2,388 SF | Office/Medical | Full Build-Out | Now |
2nd Floor
| Size |
| 2,388 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 2,388 SF |
| Space Use | Office/Medical |
| Build-Out | Full Build-Out |
| Available | Now |
2,880 square feet available for lease.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2590-00-00820 | Improvements Assessment | $371,550 |
| Land Assessment | $77,100 | Total Assessment | $448,650 |
Property Taxes
Parcel Number
2590-00-00820
Land Assessment
$77,100
Improvements Assessment
$371,550
Total Assessment
$448,650
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2210 N Frazier St
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