Freestanding Warehouse
For Sale
Contact for pricing
1525 Airport Road, Conroe, TX 77301
Three freestanding warehouse buildings total 21,700 SF with grade-level overhead doors and separately metered 3-phase power.
Property Size21,700 SF
Price / SF$105
Days on Market106
Property Features for 1525 Airport Road
General Information
Standard status
Active
Size
21,700 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Building Details
Year Built
1975
Buildings
3
Listing Agency:
Colliers - Houston, Texas
Listed By:
Melissa Zamora-Marentez · License #670390
(713) 222-2111
Source:
Crexi
Added: May 26
Changed: Sep 8
Last Checked: Sep 8 at 5:47AM
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 Colliers - Houston, Texas
Investment Insights
Based on property information with market context.
This warehouse complex at 1525 Airport Road consists of three freestanding buildings totaling 21,700 SF, arranged as Building 1 (9,200 SF), Building 2 (4,500 SF), and Building 3 (8,000 SF). Each building includes grade-level overhead doors, with 3-phase power separately metered per building. Utilities are provided by the City of Conroe.
The property is positioned for convenient access to I-45 North, Highway 105, and the Lone Star Executive Airport.
With multiple stand-alone structures and separately metered utilities, the configuration supports flexible occupancy planning across the three buildings within the overall warehouse complex.
The property is positioned for convenient access to I-45 North, Highway 105, and the Lone Star Executive Airport.
With multiple stand-alone structures and separately metered utilities, the configuration supports flexible occupancy planning across the three buildings within the overall warehouse complex.
Key Highlights
- Three freestanding warehouse buildings totaling 21,700 SF in Conroe, TX
- Building sizes: 9,200 SF, 4,500 SF, and 8,000 SF
- Grade‑level overhead doors throughout the buildings
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
$134,116
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
5.89%
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%
$2,682,320
$2.7M
Cap Rate 7%
$1,915,943
$1.9M
Cap Rate 9%
$1,490,178
$1.5M
Market Conditions
NOI Build-Up for 21,700 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
$168.4K $7.76/SF
− Vacancy
−$10.6K −$0.49/SF
EGI
$157.8K $7.27/SF
− OpEx
−$23.7K −$1.09/SF
NOI
$134.1K $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%
$2,682,320
Cap Rate 7%
$1,915,943
Cap Rate 9%
$1,490,178
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,116 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.48M
$4.79M – $6.39M
NOI $383,475 @ 7.0% cap · market cap 16.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Under-served
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?
Warehouse - Three freestanding warehouse buildings total 21,700 SF with grade-level overhead doors and separately metered 3-phase power.
Where is this warehouse located?
The property is located at 1525 Airport Road Conroe, TX.
What is the asking price?
The asking price for this property is $2,278,500.
What are key features of this property?
This property features: Three freestanding warehouse buildings totaling 21,700 SF in Conroe, TX; Building sizes: 9,200 SF, 4,500 SF, and 8,000 SF; Grade‑level overhead doors throughout the buildings
