4840 Panther Creek DrThe Woodlands, TX 77381

  • Medical offices
  • 29,650 SF
For Lease
$21/SF/YR View listing

Property Details for 4840 Panther Creek Dr

Year built
1999
Lot size
2.46 AC
Property size (Sq ft)
29,650 SF
Zone code
6
Property type
Medical offices
Property subtype
Medical centers
APN
6913-00-00100
APU
69130000100

Description

This exceptional two-story, Class B medical office building, constructed in 1999, presents a unique investment opportunity in the thriving The Woodlands submarket. The property, known as Panther Creek Professional Plaza, boasts a single building with 140 total parking spaces, providing a generous ratio of approximately 4 spaces per 1,000 square feet. A convenient covered drive-thru drop-off ensures ease of access for patients and staff. The building's strategic location adjacent to the Panther Creek Village Center places it within a vibrant community rich with amenities. Surrounding the property are upscale residential neighborhoods, highly-rated schools, diverse restaurants, and a variety of retail shops, creating a strong patient base and convenient environment. The property features multiple tenancies, offering flexibility for various medical practices. The building is equipped with ample power. The APN is 6913-00-00100. This well-maintained property offers a compelling combination of location, amenities, and functionality, making it an ideal investment for discerning buyers seeking a strong presence in a desirable medical market. The property's convenient access and ample parking make it an attractive option for both patients and medical professionals.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $8,150,716
    6.5%
    $7,523,737
    7%
    $6,986,328
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,600,284
    Geo Method
    $8,876,914
  • Alternative Use

    Use
    Valuation
    Residential
    $9,329,434
    Hospitality
    $8,545,712
    Educational
    $7,109,932
    Medical
    $7,354,453
    Retail
    $11,059,894

Location Insight

City
The Woodlands
County
Montgomery
State
Texas
Latitude
30.1659
Longitude
-95.501
CBSA code
26420
CBSA name
HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$90,887
$1,503,256
$3,596,744
$5,100,000
-
$1,503,256
$3,596,744
$5,100,000

FAQs

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