Flex Space with Road
For Sale
Contact for pricing
18410 FM 1314 Rd, Conroe, TX 77302
Flex space with excellent FM 1314 frontage, suitable for multiple commercial uses with utilities available.
Property Size11,988 SF
Lot Size6.72 Acres
Price / SF$166.67
Days on Market337
Property Features for 18410 FM 1314 Rd
General Information
Standard status
Active
Size
11,988 SF
Lot size
6.72 Acres
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Buildings
1
Building Size
11,988 SF
Listing Agency:
Anne Vickery & Associates Realty LLC
(281) 940-7253
Listed By:
Anne Vickery · License #0484993
(713) 907-9680
Source:
Moodyscre
Added: Oct 13, 2025
Changed: Sep 3
Last Checked: Sep 13 at 11:50AM
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 Anne Vickery & Associates Realty LLC
Investment Insights
Based on property information with market context.
This flex space offers excellent frontage on FM 1314, a major north-south connector, and spans 11,988 square feet. The property is positioned to support a range of commercial uses, including retail, office, flex, or service commercial applications. Utilities are available to support tenant buildouts and operations, and the property is served by Conroe ISD.
The site is located just minutes from SH 242 and Grand Parkway (Hwy 99). Public remarks also highlight high traffic counts and strong demographic growth, along with close proximity to The Woodlands, Porter, and Valley Ranch Town Center. Houston and IAH Bush are described as approximately 35 minutes away.
For tenants seeking flexible space in a high-visibility corridor with multiple feasible use types, this site provides a practical setup centered on road frontage and supported by on-site utilities.
The site is located just minutes from SH 242 and Grand Parkway (Hwy 99). Public remarks also highlight high traffic counts and strong demographic growth, along with close proximity to The Woodlands, Porter, and Valley Ranch Town Center. Houston and IAH Bush are described as approximately 35 minutes away.
For tenants seeking flexible space in a high-visibility corridor with multiple feasible use types, this site provides a practical setup centered on road frontage and supported by on-site utilities.
Key Highlights
- 11,988 square feet of flex space
- Excellent frontage on FM 1314, a major north‑south connector
- Suitable for retail, office, flex, or service commercial use
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
$61,016
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
3.05%
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%
$1,220,320
$1.2M
Cap Rate 7%
$871,657
$871.7K
Cap Rate 9%
$677,956
$678.0K
Market Conditions
NOI Build-Up for 11,988 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
$93.0K $7.76/SF
− Vacancy
−$5.9K −$0.49/SF
EGI
$87.2K $7.27/SF
− OpEx
−$26.1K −$2.18/SF
NOI
$61.0K $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 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%
$1,220,320
Cap Rate 7%
$871,657
Cap Rate 9%
$677,956
Alternative Uses
Best Use
Industrial
$871.7K
$762.7K – $1.02M
NOI $61,016 @ 7.0% cap · market cap 3.05%
Second Best
Flex RnD
$836.8K
$732.2K – $976.3K
NOI $58,577 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $211,848 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with excellent FM 1314 frontage, suitable for multiple commercial uses with utilities available.
Where is this flex space located?
The property is located at 18410 FM 1314 Rd Conroe, TX.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: 11,988 square feet of flex space; Excellent frontage on FM 1314, a major north‑south connector; Suitable for retail, office, flex, or service commercial use
