Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10855 Highway 242 Conroe, TX 77385

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,422 SF retail building on 1.76 acres for lease.

    Property size:
    5,422 SF
    Lot size:
    1.76 Acres

    Property Features for 10855 Highway 242

    General Information

    Size
    5,422 SF
    Lot size
    1.76 Acres

    We can help!

    Listing Contact
    Brayden Czajkoski
    Brayden Czajkoski
    Source: Moodyscre

    Listing Agent: Brayden Czajkoski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Building on 1.76 Acres

    This is a 5,422 square foot free-standing retail building situated on 1.76 acres of land. The property features frontage on Hwy 242 and includes additional land available for development. The building is 100% vacant and available for lease or sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.416695
    Latitude
    30.208849

    Nearby Similar for Lease

    • $9 SF/Yr
      4,500 SF

      Conroe Flex Space Available

      Versatile flex space in Conroe with office and shop areas.
      1504 S Frazier St, Conroe, TX 77301
      View Details
    • $13 SF/Yr
      42,231 SF

      Adaptable Office-Warehouse Flex Spaces

      Versatile office-warehouse units in Conroe, TX, ranging from 1,726-13,834 SF.
      2007 Airport Rd, Conroe, TX 77301
      View Details
    • Contact for pricing

      Equestrian Property in Conroe, TX

      13.63-acre equestrian property with multi-use potential in Conroe, TX.
      15719 Old Conroe Rd, Conroe, TX 77384
      View Details
    • Contact for pricing
      25,000 SF

      Conroe Office Building with Fiber

      Class B office building in Conroe, TX with flexible leases.
      108 Commercial Cir, Conroe, TX 77304
      View Details
    • Contact for pricing
      10,000 SF

      New Conroe Office/Retail Space

      New office/retail space in Conroe with customizable layouts.
      2109 Maurel Dr, Conroe, TX 77304
      View Details
    • Contact for pricing
      13,280 SF

      Industrial Buildings with Outside Storage

      Warehouses with office space and easy highway access for lease.
      2047 Teas Nursery Rd, Conroe, TX 77304
      View Details
    • $600,000
      2,612 SF

      Industrial Office Warehouse For Lease

      Versatile industrial office warehouse with easy access to I-45.
      16815 Donwick Dr, Conroe, TX 77385
      View Details
    • Contact for pricing
      2,400 SF

      Remodeled Conroe Office/Flex Space

      Recently remodeled 2,400 SF office/flex space on approximately ½ acre.
      13722 Oil Fld Rd, Conroe, TX
      View Details
    • $1.10 SF/Yr
      9,900 SF

      Conroe Office/Warehouse with Stabilized Yard

      9,900 SF office/warehouse on 1.82 acres available for lease.
      2112 Airport Rd, Conroe, TX 77301
      View Details
    • Contact for pricing
      1,224,498 SF

      Conroe Warehouse with Cross-Dock

      1,224,498 SF cross-dock building divisible to 300,000 SF.
      1375 Conroe Park Dr West, Conroe, TX 77303
      View Details
    • $2,585 /Mo
      1,086 SF

      Apartments with Modern Amenities

      Apartments in Conroe, Texas, near Lake Conroe and The Woodlands.
      2400-9 Montgomery Park Blvd, Conroe, TX 77304
      View Details
    • Contact for pricing
      289,322 SF

      Conroe Marketplace Retail Spaces

      Prime Retail Space, I-45 & FM 3083
      I-45 & Fm Fm 3083, Conroe, TX 77303
      View Details

    FAQs

    What type of property is this?
    Retail space - 5,422 SF retail building on 1.76 acres for lease.
    Where is this retail space located?
    The property is located at 10855 Highway 242 Conroe, TX.
    What are key features of this property?
    This property features: - 5,422 square foot free-standing retail building; - Hwy 242 Frontage; - Situated on 1.76 acres of land
    (281) 651-4898
    Request Owner's contact information
    10855 Highway 242 Conroe, TX 77385
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10855 Highway 242
    Conroe, TX 77385
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10855 Highway 242 Conroe, TX 77385
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brayden Czajkoski
    Brayden Czajkoski
    Real Estate License ID: TX 786914
    (281) 651-4898
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.