19551 Highway 105 East, Conroe, TX 77303

Building Details

Building Size 43,200 SF More

Listed By: Ron Brown · License #TX #673517 Show Phone

Source: Tx-crg

Added: Sep 22 Changed: Oct 25 Last Checked: Nov 6 at 6:43AM

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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 Ron Brown

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Investment Insights

Based on property information with market context.

This flex industrial property comprises 16 acres with two units and a layout designed for practical industrial operations. The space is identified as suitable for warehouse, manufacturing, and service uses, giving the property a range of functional applications.

The property is located at 19551 Highway 105 East in Conroe, Texas, with direct positioning along Highway 105 East. Its highway setting supports freight access and daily operational movement. The acreage also provides a basis for considering additional development, subject to applicable requirements and approvals.

Key Highlights

• 16‑acre industrial property
• Two‑unit configuration
• Flex space suitable for warehouse, manufacturing, or service operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$266,996

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,339,920 $5.3M

Cap Rate 7%

$3,814,229 $3.8M

Cap Rate 9%

$2,966,622 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 43,200 SF

Gross rent

$335.2K $7.76/SF

− Vacancy

−$21.1K −$0.49/SF

EGI

$314.1K $7.27/SF

− OpEx

−$47.1K −$1.09/SF

NOI

$267.0K $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 Rate 5%

$5,339,920

Cap Rate 7%

$3,814,229

Cap Rate 9%

$2,966,622

Alternative Uses

Best Use

Warehouse

$3.81M

$3.34M – $4.45M (±1% cap)

NOI $266,996 @ 7.0% cap · market cap 4.34%

Second Best

Industrial

$3.14M

$2.75M – $3.66M (±1% cap)

NOI $219,879 @ 7.0% cap · market cap 3.58%

Theoretical Best

Specialty Retail

$10.91M

$9.54M – $12.72M (±1% cap)

NOI $763,417 @ 7.0% cap · market cap 12.41%

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

Flex space

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Electrical Service Furniture & Home Goods Hair Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

93

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 77303, TX

20,974

Population

9,516

Households

2.2

Avg Household Size

36

Median Age

14%

College-Educated

84%

High-School Grad

60.9 sq mi

ZIP Area

344

Density / Sq Mi

$72,827

Median Household Income

$42,956

Median Earnings

$1,157

Median Rent

$232,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Conroe, TX

$256 Jul

$275 Aug

$275 Sep

$271 Oct

Properties on Market for Flex space in Conroe

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Flexible industrial space supports warehouse, manufacturing, and service-oriented operations.

Where is this flex space located?

The property is located at 19551 Highway 105 East Conroe, TX.

What is the asking price?

The asking price for this property is $6,150,000.

What are key features of this property?

This property features: 16‑acre industrial property; Two‑unit configuration; Flex space suitable for warehouse, manufacturing, or service operations