Two-Unit Flex Industrial
New
For Sale
$6,150,000
19551 Highway 105 East, Conroe, TX 77303
Flexible industrial space supports warehouse, manufacturing, and service-oriented operations.
Property Size40,000 SF
Lot Size16.00 Acres
Days on Market2
Property Features for 19551 Highway 105 East
General Information
Standard status
Active
Size
40,000 SF
Lot size
16.00 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
40,000 SF
Listed By:
Ron Brown · License #TX #673517
(936) 689-7228
Source:
Tx-crg
Added: Sep 22
Last Checked: Sep 22 at 1:46PM
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
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.
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 = 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
$247,218
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
4.02%
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%
$4,944,360
$4.9M
Cap Rate 7%
$3,531,686
$3.5M
Cap Rate 9%
$2,746,867
$2.7M
Market Conditions
NOI Build-Up for 40,000 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
$310.4K $7.76/SF
− Vacancy
−$19.6K −$0.49/SF
EGI
$290.8K $7.27/SF
− OpEx
−$43.6K −$1.09/SF
NOI
$247.2K $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%
$4,944,360
Cap Rate 7%
$3,531,686
Cap Rate 9%
$2,746,867
Alternative Uses
Best Use
Warehouse
$3.53M
$3.09M – $4.12M
NOI $247,218 @ 7.0% cap · market cap 4.02%
Second Best
Industrial
$2.91M
$2.54M – $3.39M
NOI $203,591 @ 7.0% cap · market cap 3.31%
Theoretical Best
Specialty Retail
$10.10M
$8.84M – $11.78M
NOI $706,867 @ 7.0% cap · market cap 11.49%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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
