Restaurant Site on Interstate
For Sale
$3,102,041
2050 Interstate 45 N, Conroe, TX 77301
Conroe, Texas restaurant property with high visibility on I-45.
Property Size6,864 SF
Price / SF$451.93
Days on Market114
Property Features for 2050 Interstate 45 N
General Information
Standard status
Active
Size
6,864 SF
Property subtype
Restaurant
Listing Agency:
Marcus & Millichap | San Diego
(858) 373-3184
Listed By:
Alvin N. Mansour · License #License(s): CA: 01391653, TX: 0606255
(858) 373-3184
Source:
Marcusmillichap
Added: Apr 9
Changed: Jul 10
Last Checked: Jul 30 at 2:24AM
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 Marcus & Millichap | San Diego
Investment Insights
Based on property information with market context.
Located in Conroe, Texas, within Montgomery County, the property benefits from its position along Interstate 45, offering direct connectivity between Houston and the North Houston suburbs, including The Woodlands and Spring. Interstate 45 serves as a primary commuter corridor with traffic exceeding 100,000 vehicles daily. The surrounding region is supported by major employers including ExxonMobil, Chevron Phillips Chemical, Huntsman Corporation, and Entergy Texas, along with a strong presence of healthcare, education, and industrial employers. Nearby medical anchors such as HCA Houston Healthcare Conroe and CHI St. Luke’s Health The Woodlands Hospital contribute to daytime population and economic activity. Conroe and surrounding submarkets are experiencing residential expansion, with master planned communities such as Grand Central Park, Graystone Hills, and Harper’s Preserve driving population growth and increasing household incomes. This growth is further supported by educational institutions including Lone Star College System and the Conroe Independent School District. The area also benefits from proximity to Lake Conroe, a recreational destination that attracts tourism and weekend traffic, enhancing retail and dining demand. The property is suitable for retail and restaurant uses with long term growth potential. The property size is 6864 square feet.
Key Highlights
- Strategically located in Conroe, Texas, within Montgomery County, one of the fastest‑growing counties in the U.S.
- Direct connectivity via Interstate 45 between Houston and rapidly expanding North Houston suburbs.
- High visibility and consumer traffic due to Interstate 45 carrying over 100,000 vehicles daily.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.3k | $24.96 |
| − Vacancy | −$9.6k | −$1.40 |
| EGI | $161.7k | $23.56 |
| − OpEx | −$40.4k | −$5.89 |
| NOI | $121.3k | $17.67 |
6,864 SF · lease $24.96/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,298 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,135
Businesses Nearby
973k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Superstores 27%
Dining 26%
Apparel 8%
Walmart
Superstores
140,236 visits/mo
0.2 miles
Sam's Club
Superstores
95,404 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
73,067 visits/mo
0.4 miles
QuikTrip
Shops & Services
60,368 visits/mo
0.4 miles
Hobby Lobby
Shops & Services
49,358 visits/mo
0.1 miles
Demographics for 77301, TX
35,923
Population
12,854
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
75%
High-School Grad
20.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$64,885
Median Household Income
$35,575
Median Earnings
$1,229
Median Rent
$193,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- African Bowl Texas — 2211 Montgomery Park Blvd, Conroe, TX 77304
Frequently Asked Questions
What type of property is this?
Restaurant - Conroe, Texas restaurant property with high visibility on I-45.
Where is this restaurant located?
The property is located at 2050 Interstate 45 N Conroe, TX.
What is the asking price?
The asking price for this property is $3,102,041.
What are key features of this property?
This property features: Strategically located in Conroe, Texas, within Montgomery County, one of the fastest‑growing counties in the U.S.; Direct connectivity via Interstate 45 between Houston and rapidly expanding North Houston suburbs.; High visibility and consumer traffic due to Interstate 45 carrying over 100,000 vehicles daily.
