Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    12903 Elrod St Conroe, TX 77303

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $719,950

    Serene property with barnominium, creek, pond, and building potential.

    Lot size:
    11.85 Acres

    Property Features for 12903 Elrod St

    General Information

    Lot size
    11.85 Acres

    Building Details

    Year built
    2020

    We can help!

    Listing Contact
    Kelli Cooper
    Source: Elliman

    Listing Agent: Kelli Cooper

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

    Learn more

    Overview

    Remodeled Barnominium on 11.87 Acres

    This property, situated on 11.87 acres, features a tranquil environment populated with wildlife, a creek, and a pond. A fully remodeled barnominium provides new upgrades and ample storage. The property is suitable as a weekend retreat or for full-time living. An area has already been cleared for building a home overlooking the pond. The creek offers opportunities for fishing and berry picking. The property is partially fenced, with over 2 acres fully fenced for animals such as horses and goats, and there are no restrictions for farm animals. Located 10 minutes from I45, the property combines countryside tranquility with convenient access to city amenities.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Law Firm Kitchen & Bath Food Market Garden Center Electronics Store Plumbing Service Pet Store Pet Supply Store Farmer's Market Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.335254
    Latitude
    30.413188

    Nearby Similar for Sale

    • $895,000
      6,818 SF

      Renovated Office Building in Conroe

      Fully renovated office building in Downtown Conroe, completed in 2025.
      729 N Frazier St, Conroe, TX 77301
      View Details
    • $1,200,000
      4,800 SF

      Turnkey Child Care Facility

      Fully operational child care center near Highway 242 and I-45.
      16737 Sprawling Oaks Dr, Conroe, TX 77385
      View Details
    • $985,000
      12,811 SF

      Conroe Commercial Property on Hwy 105

      Versatile commercial property with warehouse, office, and expansion potential.
      2751 E Davis St, Conroe, TX 77304
      View Details
    • $1,250,000
      6,000 SF

      Industrial Building with Highway Frontage

      6,000 SF industrial building on a 1-acre lot.
      12827 Tx-105, Conroe, TX
      View Details
    • $2,800,000

      Lake Conroe Waterfront Acreage

      Unrestricted waterfront acreage ideal for various development opportunities.
      844 Beach Walk Blvd, Conroe, TX 77304
      View Details
    • $1,450,000
      3,135 SF

      Conroe Estate with Pool and Office

      10.553-acre property featuring a house, pool, and office near I-45.
      10135 Wahrenberger Rd, Conroe, TX 77304
      View Details
    • $1,800,000
      7,000 SF

      Warehouse and Office in Conroe

      7,000 SF warehouse with office space near The Woodlands.
      8601 Fawn Trl, Conroe, TX 77385
      View Details
    • $689,900

      New Duplex Near Highway 105

      New, tenant-occupied duplex near Highway 105 in Conroe, Texas.
      1306 N 9Th St, Conroe, TX 77301
      View Details
    • $325,000

      Conroe Duplex Near Downtown

      Two 2-bedroom units, long-term tenants, turn-key investment.
      1725 Hazelwood St, Conroe, TX 77301
      View Details
    • $880,000

      Remodeled Home on 10 Acres

      10-acre property with remodeled home, pond, and equestrian facilities.
      14818 Walker Rd, Conroe, TX 77302
      View Details
    • $2,500,000

      Income-Producing RV Park Opportunity

      16-acre RV park with expansion potential in booming Grangerland, TX.
      13075 Conroe Dr, Conroe, TX 77306
      View Details
    • $185,000
      1,568 SF

      Updated Home on Oversized Lot

      Updated 3/2 home on an oversized corner lot.
      16432 Hill Country Dr, Conroe, TX 77302
      View Details

    FAQs

    What type of property is this?
    Farm - Serene property with barnominium, creek, pond, and building potential.
    Where is this farm located?
    The property is located at 12903 Elrod St Conroe, TX.
    What is the asking price?
    The asking price for this property is $719,950.
    What are key features of this property?
    This property features: - 11.87 acres with creek, pond, and wildlife; - Fully remodeled barnominium with new upgrades; - Cleared area for building a dream home overlooking the pond
    (832) 628-7228
    Request Owner's contact information
    12903 Elrod St Conroe, TX 77303
    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.
    12903 Elrod St
    Conroe, TX 77303
    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
    12903 Elrod St Conroe, TX 77303
    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
    Kelli Cooper
    Real Estate License ID: 0733872
    (832) 628-7228
    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.