Versatile 10-Acre Property with
14945 Wiggins Road, Conroe, TX 77302
For Sale
$1,100,000
Cleared 10-acre property featuring a 7,200 sq ft metal building.
Property Size7,200 SF
Lot Size10.00 Acres
Price / SF$152.78
Days on Market306
Property Features for 14945 Wiggins Road
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Detached Carport
Golf Cart Garage
Additional Parking
Boat Parking
Central Air Cooling
Central Heating
Driveway
Electric Cooling
Electric Gate
Electric Heating
Mobile Home Allowed
Building Details
Year Built
Listing Agency:
GOUPRE
(281) 853-5133
Listed By:
SEAN GAMBINI · License #0627881
Source:
Corcoran
Added: Jan 6
Changed: Aug 23
Last Checked: Aug 25 at 5:36AM
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 GOUPRE
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Investment Insights
Based on property information with market context.
This cleared 10-acre property includes a 7,200 sq ft red iron metal building suitable for conversion into a barndominium or use as a shop or commercial workspace. The building features reinforced concrete beams and a rebar foundation, along with three identical 60’ x 40’ bays with removable partitions, a 20-foot apex, and three 16’ x 14’ roll-up doors. The property also contains two existing manufactured homes, which the seller is willing to remove upon request. Two traditional septic systems and one well serve the property. 3-phase power runs from the front to the rear along the left side. Additional features include two ponds, full perimeter fencing, and 18-wheeler accessibility. The surrounding properties are well-maintained. The seller is willing to add additional pad sites, dirt work, or clearing as needed to accommodate the buyer’s plans. There are no restrictions on the property.
Key Highlights
- Large 7,200 sq ft metal building with reinforced foundation, suitable for barndominium conversion or commercial use
- 10‑acre property with no restrictions
- 3‑phase power available from front to rear of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,646
Cap Rate
3.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,920
$732.9K
Cap Rate 7%
$523,514
$523.5K
Cap Rate 9%
$407,178
$407.2K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$55.9K $7.76/SF
− Vacancy
−$3.5K −$0.49/SF
EGI
$52.4K $7.27/SF
− OpEx
−$15.7K −$2.18/SF
NOI
$36.6K $5.09/SF
Area
Montgomery County, TX
Vacancy
6.30%
Lease Rate
$7.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,920
Cap Rate 7%
$523,514
Cap Rate 9%
$407,178
Alternative Uses
Best Use
Industrial
$523.5K
$458.1K – $610.8K
NOI $36,646 @ 7.0% cap · market cap 3.33%
Second Best
Flex RnD
$502.6K
$439.8K – $586.4K
NOI $35,181 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,236 @ 7.0% cap · market cap 11.57%
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
23
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77302, TX
19,384
Population
7,040
Households
2.8
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
52.9 sq mi
ZIP Area
366
Density / Sq Mi
$81,886
Median Household Income
$50,344
Median Earnings
$1,315
Median Rent
$247,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Conroe, TX
Properties on Market for Flex space in Conroe
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Cleared 10-acre property featuring a 7,200 sq ft metal building.
Where is this flex space located?
The property is located at 14945 Wiggins Road Conroe, TX.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Large 7,200 sq ft metal building with reinforced foundation, suitable for barndominium conversion or commercial use; 10‑acre property with no restrictions; 3‑phase power available from front to rear of the property
