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Rosewood Professional Building 990 Village Sq

33,664 SF 97% Leased Office Building Tomball, TX 77375 $3,650,000 ($108/SF) 8.08% Cap Rate

Investment Highlights

  • Excellent Location
  • High Occupancy

Executive Summary

ROSEWOOD PROFESSIONAL BUILDING
ADDRESS: 990 Village Square Dr, Tomball TX 77375
HCAD PARCEL: #1156870020001
PRICE: $3,650,000.00
PRICE (SF): $108.42
NOI: $295,000
CAP RATE: 8.08%
BUILDING SIZE: +/- 33,664 SF
LAND ACREAGE: +/- 2.496 AC
LAND (SF): +/- 108,790 SF
2025 ESTIMATED
GROSS INCOME: $445,000.00
BUILDING CONST: Tilt wall and brick
ZONING: OT & MU (Old Town & Mixed Use)
ROOF: New Roof August 2020 ($210,000)
UTILITIES City of Tomball water, sewer and trash
PARKING: +/- 100 free surface parking
LEASE TYPE: Modified Gross
**Seller Prefers All Cash or 1031 Exchange Buyer**
Located one block off of Main St across the street from the US Post Office near the heart of downtown Tomball.
Less than one mile from Hwy 249 (Tomball Parkway).

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
33,664 SF
Building Class
B
Year Built
1985
Price
$3,650,000
Price Per SF
$108
Cap Rate
8.08%
NOI
$295,000
Percent Leased
97%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
33,664 SF
Building FAR
0.31
Lot Size
2.50 AC
Zoning
None
Parking
110 Spaces (2.23 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste G100
  • 1,080 SF
  • Office
  • Full Build-Out
  • Now

Suite G100 1,080 SF $1,895/mo 2 Executive Offices Conference Room Reception Area IT Room Tenant responsible for phones and utilities No additional CAM Charges. This space won’t last long! Property is normally 100% leased. Space is move-in ready and newly renovated

Space Size Space Use Condition Available
1st Fl-Ste G100 1,080 SF Office Full Build-Out Now

1st Fl-Ste G100

Size
1,080 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste G100

Size 1,080 SF
Space Use Office
Condition Full Build-Out
Available Now

Suite G100 1,080 SF $1,895/mo 2 Executive Offices Conference Room Reception Area IT Room Tenant responsible for phones and utilities No additional CAM Charges. This space won’t last long! Property is normally 100% leased. Space is move-in ready and newly renovated

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1156870020001
Land Assessment
$761,110
Improvements Assessment
$1,067,272
Total Assessment
$1,828,382
  • Listing ID: 33433907

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 990 Village Sq, Tomball, TX 77375

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