3-Building Manufacturing
For Sale
$3,700,000
113 & 111 Rhodes St, Conroe, TX 77301
Industrial campus with multiple leasable spaces, active tenants, and three-phase power near regional highway connections.
Property Size31,252 SF
Days on Market59
Property Features for 113 & 111 Rhodes St
General Information
Standard status
Active
Size
31,252 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Three-Phase Power
Yes
Building Details
Building Size
31,252 SF
Year Built
1972
Buildings
3
Listing Agency:
eXp Realty, LLC
Listed By:
Adam Olsen, CCIM · License #TX #0642075
(713) 614-2670
Source:
Thecommercialprofessionals
Added: Aug 16
Changed: Oct 11
Last Checked: Oct 12 at 5:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty, LLC
Investment Insights
Based on property information with market context.
This manufacturing property comprises three industrial buildings at 113 & 111 Rhodes St in Conroe. The buildings measure approximately 23,000 SF, 4,000 SF, and 8,000 SF, with five leasable spaces across the campus. Three-phase power supports manufacturing and production operations, while active tenants are already in place. The buildings were constructed in 1972.
The property is positioned near N Loop 336 E and S. Frazier St / SH-75, with access to Hwy 75 and I-45. Traffic volumes are approximately 13,789 VPD on N Loop 336 E and approximately 16,108 VPD on S. Frazier St / SH-75. The Conroe address places the industrial campus within an established commercial setting with direct connections to these regional routes.
The property is positioned near N Loop 336 E and S. Frazier St / SH-75, with access to Hwy 75 and I-45. Traffic volumes are approximately 13,789 VPD on N Loop 336 E and approximately 16,108 VPD on S. Frazier St / SH-75. The Conroe address places the industrial campus within an established commercial setting with direct connections to these regional routes.
Key Highlights
- Three industrial buildings measuring approximately 23,000 SF, 4,000 SF, and 8,000 SF
- Five leasable spaces across the property
- Three‑phase power supports manufacturing and production operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,151
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,863,020
$3.9M
Cap Rate 7%
$2,759,300
$2.8M
Cap Rate 9%
$2,146,122
$2.1M
Market Conditions
NOI Build-Up for 31,252 SF
Gross rent
$242.5K $7.76/SF
− Vacancy
−$15.3K −$0.49/SF
EGI
$227.2K $7.27/SF
− OpEx
−$34.1K −$1.09/SF
NOI
$193.2K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,863,020
Cap Rate 7%
$2,759,300
Cap Rate 9%
$2,146,122
Alternative Uses
Best Use
Warehouse
$2.76M
$2.41M – $3.22M
NOI $193,151 @ 7.0% cap · market cap 5.22%
Second Best
Industrial
$2.27M
$1.99M – $2.65M
NOI $159,066 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$7.89M
$6.90M – $9.20M
NOI $552,275 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 77301, TX
35,923
Population
12,854
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
75%
High-School Grad
20.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$64,885
Median Household Income
$35,575
Median Earnings
$1,229
Median Rent
$193,500
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial campus with multiple leasable spaces, active tenants, and three-phase power near regional highway connections.
Where is this manufacturing property located?
The property is located at 113 & 111 Rhodes St Conroe, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Three industrial buildings measuring approximately 23,000 SF, 4,000 SF, and 8,000 SF; Five leasable spaces across the property; Three‑phase power supports manufacturing and production operations
