Conroe Warehouses and Billboard For
19960 TX-242 Conroe, TX 77306
For Sale
Contact for pricing
22,700 SF industrial property on 7 acres, 100% leased.
Property Size22,700 SF
Lot Size7.00 Acres
Price / SF$162
Days on Market1048
Property Features for 19960 TX-242
General Information
- Standard status
- Active
- Size
- 22,700 SF
- Lot size
- 7.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2004
Listing Agency:
Evermark Commercial Group
(713) 684-2879
Listed By:
Wes Pratka · License #606823
Source:
Crexi
Added: Sep 12, 2023
Changed: Jul 6
Last Checked: Jul 24 at 10:48AM
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 Evermark Commercial Group
Investment Insights
Based on property information with market context.
This commercial real estate offering includes 22,700 square feet of building space situated on a 7.0-acre lot. The property is currently 100% leased and generates a net operating income of $246,629. The property features five warehouses and one billboard lease. The warehouses are fully insulated and equipped with heavy power, large grade-level doors, and outside storage areas. The buildings have never flooded. The property is located in Conroe, Texas.
Key Highlights
- 100% Leased: Provides immediate income stream.
- Current NOI: $246,629: Demonstrates strong income potential.
- 7.0 Acre Lot: Offers ample space and potential for expansion.
Financial Insights For Warehouse
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 | $176.2k | $7.76 |
| − Vacancy | −$11.1k | −$0.49 |
| EGI | $165.1k | $7.27 |
| − OpEx | −$24.8k | −$1.09 |
| NOI | $140.3k | $6.18 |
22,700 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,296 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$1.65M
$1.44M – $1.93M
NOI $115,538 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$5.73M
$5.01M – $6.69M
NOI $401,147 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
FAQs
What type of property is this?
Warehouse - 22,700 SF industrial property on 7 acres, 100% leased.
Where is this warehouse located?
The property is located at 19960 TX-242 Conroe, TX.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 100% Leased: Provides immediate income stream.; Current NOI: $246,629: Demonstrates strong income potential.; 7.0 Acre Lot: Offers ample space and potential for expansion.
