Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Prime for Development Title is generated by Realmo AI

    2450 Crockett Martin Road, Conroe, TX 77306

    View on Map
    Claim this Listing
    For Sale
    $1,700,000

    Development property in fast-growing area near Conroe, Texas.

    Type:Land or Vacant Lot
    Lot size:
    6.99 Acres
    Added:
    Jun 25, 2024
    Days on Market:
    710
    Last Refresh:
    May 10 at 11:19 pm

    Property Features for 2450 Crockett Martin Road

    General Information

    Standard status
    Active
    Lot size
    6.99 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    HARRISON KUMI

    Listing agent HARRISON KUMI

    Listing office RA BROKERS

    Listing date Jun 25, 2024

    Source Corcoran

    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 RA BROKERS

    HighLights

    • Prime for development in a fast‑growing area.
    • Close proximity to Highway 105.
    • Suitable for retail or mixed‑use development.
    • Close to amenities of Conroe.
    • Offers a more rural feel.
    • Highway 105 widening construction in progress.

    Overview

    This property is suitable for retail or mixed-use development in a fast-growing area. It offers proximity to the amenities of Conroe, while maintaining a more rural feel. The ongoing Highway 105 widening construction and the influx of prominent businesses into the area are advantageous for this property due to its close proximity to the highway.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.3223
    Latitude
    30.327

    Nearby Similar for Sale

    • $599,500

      Car Wash Investment Site

      Strategically positioned car wash location on a high-traffic corridor near major retail anchors and growing residential demand.
      1110 League Line Road, Conroe, TX 77303
      View Details
    • $574,999
      2,165 SF

      Commercial Property Near Woodlands Parkway

      2,165 sqft property on 0.39 acres near major highways.
      27226 Robinson Rd, 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, Conroe, TX
      View Details
    • $2,795,000
      10,012 SF

      Renovated Retail Center I-45 Frontage

      Newly renovated retail center with high visibility and access.
      25770 N Interstate 45, Conroe, TX
      View Details
    • $895,000
      6,818 SF

      Renovated Office Building in Conroe

      Fully renovated office building in Downtown Conroe, completed in 2025.
      729 N Frazier Street, Conroe, TX
      View Details
    • $465,000

      Unrestricted Property with Barn and Garage

      Six-acre unrestricted property featuring a ranch home, barn, and garage.
      10905 Rose Royal Dr, Conroe, TX 77303
      View Details
    • $615,000

      Unrestricted Land in High-Growth Corridor

      2.56-acre tract ideal for custom homestead or commercial business.
      16010 FM 3083, Conroe, TX 77302
      View Details
    • $3,200,000
      4,026 SF

      Conroe Office Space For Lease

      Office space available in a convenient Conroe business park.
      2525 N Frazier St, Conroe, TX
      View Details
    • $350,000

      Prime Unrestricted Land in Conroe

      1.02 acres of unrestricted land with frontage on FM 1484.
      10929 FM 1484 Rd, Conroe, TX 77303
      View Details
    • $1,600,000
      7,000 SF

      Warehouse and Office in Conroe

      7,000 SF warehouse with office space near The Woodlands.
      8601 Fawn Trail, Conroe, TX
      View Details
    • $3,410,000
      8,220 SF

      New Office Spaces in Conroe

      Brand new office spaces available for lease in Conroe, TX.
      2517 N Frazier St, Conroe, TX
      View Details
    • $1,999,999

      Unrestricted Land in Conroe, Texas

      19.35 acres suitable for self-storage or industrial development.
      0 North Porter Road, Conroe, TX 77301
      View Details

    FAQs

    What type of property is this?
    Commercial land - Development property in fast-growing area near Conroe, Texas.
    Where is this commercial land located?
    The property is located at 2450 Crockett Martin Road Conroe, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime for development in a fast‑growing area.; Close proximity to Highway 105.; Suitable for retail or mixed‑use development.
    (281) 771-1070
    We can help!
    Listing Contact
    HARRISON KUMI
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2450 Crockett Martin Road, Conroe, TX 77306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!