For Sale
$2,799,000
12244 Serenity Rose Dr, Conroe, TX 77304
25-acre turnkey campus with 10 buildings in Conroe, Texas.
Property Size25,417 SF
Price / SF$110.12
Days on Market215
Property Features for 12244 Serenity Rose Dr
General Information
Standard status
Active
Property type
Wedding venues, Commercial land, Other hospitality properties, Specialty properties, Land, Hospitality properties
Size
25,417 SF
Sale Condition
1031 Exchange
Investment Type
Owner User
Building Details
Year Renovated
2018
Buildings
10
Added: Mar 24
Changed: Jun 8
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Investment Insights
Based on property information with market context.
Key Highlights
- Serenity Rose Estate // 25 Acre Turnkey Campus
- 10 Buildings
- 25,417 SF of Buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,763
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,015,260
$3.0M
Cap Rate 7%
$2,153,757
$2.2M
Cap Rate 9%
$1,675,144
$1.7M
Market Conditions
NOI Build-Up for 25,417 SF
Gross rent
$343.1K $13.50/SF
− Vacancy
−$25.7K −$1.01/SF
EGI
$317.4K $12.49/SF
− OpEx
−$166.6K −$6.56/SF
NOI
$150.8K $5.93/SF
Area
Montgomery County, TX
Vacancy
7.50%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,015,260
Cap Rate 7%
$2,153,757
Cap Rate 9%
$1,675,144
Alternative Uses
Best Use
Hotel Hospitality
$2.15M
$1.88M – $2.51M
NOI $150,763 @ 7.0% cap · market cap 5.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.42M
$5.61M – $7.49M
NOI $449,161 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 77304, TX
35,969
Population
18,462
Households
1.9
Avg Household Size
38
Median Age
42%
College-Educated
93%
High-School Grad
40.0 sq mi
ZIP Area
899
Density / Sq Mi
$78,574
Median Household Income
$43,314
Median Earnings
$1,397
Median Rent
$324,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Wedding venue - 25-acre turnkey campus with 10 buildings in Conroe, Texas.
Where is this wedding venue located?
The property is located at 12244 Serenity Rose Dr Conroe, TX.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Serenity Rose Estate // 25 Acre Turnkey Campus; 10 Buildings; 25,417 SF of Buildings
