Highway Frontage Flex
For Sale
$1,250,000
12827 Highway 105 East, Conroe, TX 77301
Fenced commercial property with yard space, driveway access, and existing well and septic utilities.
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$208.33
Days on Market68
Property Features for 12827 Highway 105 East
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.00 Acre
Property subtype
Light Industrial/Warehouse/Distribution
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Building Details
Building Size
6,000 SF
Buildings
1
Listing Agency:
eXp Realty, LLC
(713) 614-2670
Listed By:
Adam Olsen, CCIM · License #TX #0642075
Source:
Thecommercialprofessionals
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 1:13AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This flex space includes a 6,000 SF industrial building on an approximately 1-acre parcel. The property offers a fully fenced lot, yard area, driveway access, and two covered rear awnings measuring 20' x 50' and 40' x 50'. Existing well and septic systems serve the site.
Positioned along Highway 105 East in Conroe, the property combines roadway frontage with an industrial building and outdoor storage area. The existing improvements may support light manufacturing, storage, contractor operations, or small business use, subject to applicable requirements. The source information also identifies residential, commercial, and redevelopment potential.
Positioned along Highway 105 East in Conroe, the property combines roadway frontage with an industrial building and outdoor storage area. The existing improvements may support light manufacturing, storage, contractor operations, or small business use, subject to applicable requirements. The source information also identifies residential, commercial, and redevelopment potential.
Key Highlights
- 6,000 SF industrial building on an approximately 1‑acre lot
- Highway 105 East frontage in Conroe
- Two rear covered awnings: 20' x 50' and 40' x 50'
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
$37,083
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
2.97%
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%
$741,660
$741.7K
Cap Rate 7%
$529,757
$529.8K
Cap Rate 9%
$412,033
$412.0K
Market Conditions
NOI Build-Up for 6,000 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
$46.6K $7.76/SF
− Vacancy
−$2.9K −$0.49/SF
EGI
$43.6K $7.27/SF
− OpEx
−$6.5K −$1.09/SF
NOI
$37.1K $6.18/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
15.00%
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%
$741,660
Cap Rate 7%
$529,757
Cap Rate 9%
$412,033
Alternative Uses
Best Use
Warehouse
$529.8K
$463.5K – $618.1K
NOI $37,083 @ 7.0% cap · market cap 2.97%
Second Best
Industrial
$436.3K
$381.7K – $509.0K
NOI $30,539 @ 7.0% cap · market cap 2.44%
Theoretical Best
Specialty Retail
$1.51M
$1.33M – $1.77M
NOI $106,030 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fenced commercial property with yard space, driveway access, and existing well and septic utilities.
Where is this flex space located?
The property is located at 12827 Highway 105 East Conroe, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 6,000 SF industrial building on an approximately 1‑acre lot; Highway 105 East frontage in Conroe; Two rear covered awnings: 20' x 50' and 40' x 50'
