14945 Wiggins Road Conroe, TX 77302
Versatile 10-acre property featuring a 7,200 sq ft metal building.
Property Features for 14945 Wiggins Road
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 10.00 Acres
- Property subtype
- Farm
Building Details
- Year Built
- 2013
Listing office GoUpRE (281) 853-5133
Listing date Jul 8, 2025
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- 7,200 sq ft red iron metal building - suitable for barndominium conversion or commercial use - featuring reinforced concrete and three 60’ x 40’ bays with 16’ x 14’ roll‑up doors.
- 10‑acre property with no restrictions and 18‑wheeler accessibility.
- 3‑phase power running the length of the property.
Local Financial Insights For Industrial
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 | $55.9k | $7.76 |
| − Vacancy | −$3.5k | −$0.49 |
| EGI | $52.4k | $7.27 |
| − OpEx | −$15.7k | −$2.18 |
| NOI | $36.6k | $5.09 |
