Two-Warehouse Industrial
For Sale
Contact for pricing
11584 Rose Rd, Conroe, TX 77303
Two warehouse buildings on 6.79 acres provide flexible options to operate, lease, or redevelop on an industrial site.
Property Size11,200 SF
Lot Size6.79 Acres
Price / SF$178.57
Days on Market104
Property Features for 11584 Rose Rd
General Information
Standard status
Active
Size
11,200 SF
Lot size
6.79 Acres
Property subtype
Industrial
Investment Type
Owner/User
Building Details
Buildings
2
Listing Agency:
KW Commercial Houston
Listed By:
Michael Stavinoha · License #Tx 675302
(713) 461-9393
Source:
Crexi
Added: Jun 9
Changed: Sep 5
Last Checked: Sep 19 at 9:51AM
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 KW Commercial Houston
Investment Insights
Based on property information with market context.
The property includes 11,200 square feet of warehouse space across two separate buildings: a 10,000 square foot warehouse and a 1,200 square foot warehouse. The site is positioned on 6.79 acres of land, offering room for operations and future site planning. With two distinct warehouse structures, the layout supports multiple ways to use the property, whether for one operator or for separating space by need.
Located at 11584 Rose Rd in Conroe, TX, the property presents a standalone industrial setup. The combination of acreage and multiple buildings can be useful for tenants or owners seeking flexibility in how they stage, house, or allocate warehouse activity within a single site.
For prospective buyers or operators, the two-building configuration may support a range of practical scenarios, including running operations on one building while using the other for storage, overflow needs, or potential tenant space. As marketed, the property is also offered with the idea of operating, leasing, or developing the site, giving interested parties a straightforward platform to evaluate their preferred approach based on the existing warehouse improvements and available land.
Located at 11584 Rose Rd in Conroe, TX, the property presents a standalone industrial setup. The combination of acreage and multiple buildings can be useful for tenants or owners seeking flexibility in how they stage, house, or allocate warehouse activity within a single site.
For prospective buyers or operators, the two-building configuration may support a range of practical scenarios, including running operations on one building while using the other for storage, overflow needs, or potential tenant space. As marketed, the property is also offered with the idea of operating, leasing, or developing the site, giving interested parties a straightforward platform to evaluate their preferred approach based on the existing warehouse improvements and available land.
Key Highlights
- 11,200 SF total warehouse space on 6.79 acres
- Two warehouse buildings: 10,000 SF and 1,200 SF
- Flexible site options to operate, lease, or develop the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$69,221
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,384,420
$1.4M
Cap Rate 7%
$988,871
$988.9K
Cap Rate 9%
$769,122
$769.1K
Market Conditions
NOI Build-Up for 11,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.9K $7.76/SF
− Vacancy
−$5.5K −$0.49/SF
EGI
$81.4K $7.27/SF
− OpEx
−$12.2K −$1.09/SF
NOI
$69.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,384,420
Cap Rate 7%
$988,871
Cap Rate 9%
$769,122
Alternative Uses
Best Use
Warehouse
$988.9K
$865.3K – $1.15M
NOI $69,221 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.83M
$2.47M – $3.30M
NOI $197,923 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77303, TX
20,974
Population
9,516
Households
2.2
Avg Household Size
36
Median Age
14%
College-Educated
84%
High-School Grad
60.9 sq mi
ZIP Area
344
Density / Sq Mi
$72,827
Median Household Income
$42,956
Median Earnings
$1,157
Median Rent
$232,200
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?
Warehouse - Two warehouse buildings on 6.79 acres provide flexible options to operate, lease, or redevelop on an industrial site.
Where is this warehouse located?
The property is located at 11584 Rose Rd Conroe, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11,200 SF total warehouse space on 6.79 acres; Two warehouse buildings: 10,000 SF and 1,200 SF; Flexible site options to operate, lease, or develop the property
