Property summary
This ±20,834 square foot industrial warehouse, situated on a 1.757-acre lot in Conroe, Texas, presents a compelling investment opportunity. Built in 2003, the Class B property features two buildings, including a main warehouse with professional offices, a conference room, break room, employee restrooms, and eight 16-foot roll-up doors. A smaller, detached warehouse is also located on the property. The main building boasts 20-foot ceilings and is climate-controlled with heavy power (800A/600VAC/250VDC). The property includes a fully concrete-stabilized yard with a fenced rear laydown area and ample parking for 20 vehicles. Currently vacant, this fee-simple property offers flexible terms, with seller financing available. The asking price is $2,500,000, representing a price per square foot of $120 and a pro-forma cap rate of 6.67%, yielding a pro-forma NOI of $166,672. The property is zoned for commercial buildings and is conveniently located in the SE 336 Loop section of Conroe, north of downtown Houston and The Woodlands, near I-45 and SH-59/69. This multi-tenant opportunity is ideal for owner-users or investors seeking a strong return. Nine dock-high doors provide efficient loading and unloading capabilities. The property's location within a primarily industrial district offers easy access to major transportation routes.
Property profile
VerifiedCap rate & NOI
Current use
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Industrial Manufacturer Production Facility
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Industrial Manufacturer Production Facility
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Industrial Manufacturer Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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