Industrial Flex Building with
For Sale
$1,649,500
11192 Meador Road, Conroe, TX 77303
A renovated flex property combining warehouse space and a two-story office with a sizable stabilized yard for operational needs.
Property Size5,000 SF
Lot Size1.50 Acres
Price / SF$329.90
Days on Market49
Property Features for 11192 Meador Road
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.50 Acres
Property subtype
Industrial
Building Details
Year Built
2012
Year Renovated
2022
Stories
2
Listing Agency:
(979) 219-0819
Listed By:
Bryan Roberts · License #TX #670049
Source:
Tx-crg
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 12 at 5:13AM
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 Bryan Roberts
Investment Insights
Based on property information with market context.
This industrial flex building was built in 2012 and renovated in 2022, offering a combined warehouse and office configuration suited to a range of industrial and flex tenants. The property includes a 2,500 square foot warehouse area paired with approximately 3,000 square feet of two-story office space. In addition to the building, there is a 1.5-acre +/- stabilized yard designed to support outside storage or site operations.
Located at 11192 Meador Road in Conroe, TX, the property is positioned to provide convenient access to key transportation routes. The overall setup supports businesses that need both functional warehouse space and dedicated office space on the same site, along with yard area for day-to-day work.
For tenants and owner-operators seeking an industrial/flex space, the warehouse-and-office layout can accommodate organizations that require operational space alongside administrative space. For investors, the property is offered as a turnkey industrial/flex asset with recent renovations and an on-site yard component, providing a practical foundation for industrial or flex occupancy.
Located at 11192 Meador Road in Conroe, TX, the property is positioned to provide convenient access to key transportation routes. The overall setup supports businesses that need both functional warehouse space and dedicated office space on the same site, along with yard area for day-to-day work.
For tenants and owner-operators seeking an industrial/flex space, the warehouse-and-office layout can accommodate organizations that require operational space alongside administrative space. For investors, the property is offered as a turnkey industrial/flex asset with recent renovations and an on-site yard component, providing a practical foundation for industrial or flex occupancy.
Key Highlights
- 5,000 SF industrial/flex building built in 2012 with a 2,500 SF warehouse and 3,000 SF (2‑story) office
- Recently renovated in 2022 with updated infrastructure
- 1.5‑acre +/- stabilized yard for operational staging and storage needs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,617
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,172,340
$1.2M
Cap Rate 7%
$837,386
$837.4K
Cap Rate 9%
$651,300
$651.3K
Market Conditions
NOI Build-Up for 5,000 SF
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.
Gross rent
$100.2K $20.04/SF
− Vacancy
−$22.0K −$4.41/SF
EGI
$78.2K $15.63/SF
− OpEx
−$19.5K −$3.91/SF
NOI
$58.6K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,172,340
Cap Rate 7%
$837,386
Cap Rate 9%
$651,300
Alternative Uses
Best Use
Office B
$837.4K
$732.7K – $977.0K
NOI $58,617 @ 7.0% cap · market cap 3.55%
Second Best
Warehouse
$441.5K
$386.3K – $515.0K
NOI $30,902 @ 7.0% cap · market cap 1.87%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,358 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77303, TX
20,974
Population
9,516
Households
2.2
Avg Household Size
36
Median Age
14%
College-Educated
84%
High-School Grad
60.9 sq mi
ZIP Area
344
Density / Sq Mi
$72,827
Median Household Income
$42,956
Median Earnings
$1,157
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A renovated flex property combining warehouse space and a two-story office with a sizable stabilized yard for operational needs.
Where is this flex space located?
The property is located at 11192 Meador Road Conroe, TX.
What is the asking price?
The asking price for this property is $1,649,500.
What are key features of this property?
This property features: 5,000 SF industrial/flex building built in 2012 with a 2,500 SF warehouse and 3,000 SF (2‑story) office; Recently renovated in 2022 with updated infrastructure; 1.5‑acre +/- stabilized yard for operational staging and storage needs
