990 Village Square DrTomball, TX 77375

For Sale
$3,650,000
High-yield, renovated office building.

Overview

Added:
Dec 11, 2024
Days on market:
126
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.

Highlights

  • Rosewood Professional Building, 990 Village Square Dr, Tomball, TX 77375, offers 33,664 SF on +/- 2.496 acres (108,790 SF).
  • Priced at $3,650,000 ($108.42/SF), it boasts an 8.08% cap rate and a $295,000 NOI.
  • Projected 2025 gross income is $445,000.
  • Features tilt-wall and brick construction, a new roof (August 2020), and approximately 100 free surface parking spaces.
  • Zoned OT & MU (Old Town & Mixed Use), with city utilities.
  • Located near downtown Tomball, one block from Main St, across from the post office, and less than a mile from Hwy 249.

Property Details for 990 Village Square Dr

Property type
Office properties
Square Feet
33,664 SF
Class
C
Year Built/Renovated
1983/2023
Buildings
1
Stories
1

Location Insight

City
Tomball
County
Harris
State
Texas
Latitude
30.09584071384
Longitude
-95.626269413307
990 Village Square Dr, Tomball, Texas

FAQs

What type of property is this?
Office property - High-yield, renovated office building.
Where is the office property located?
The property is located at 990 Village Square Dr Tomball, TX.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: Rosewood Professional Building, 990 Village Square Dr, Tomball, TX 77375, offers 33,664 SF on +/- 2.496 acres (108,790 SF).; Priced at $3,650,000 ($108.42/SF), it boasts an 8.08% cap rate and a $295,000 NOI.; Projected 2025 gross income is $445,000.
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990 Village Square Dr
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