Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20001 Highway 242 Conroe, TX 77306

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,800,000

    Land with high visibility near expanding Hwy 242.

    Lot size:
    26.00 Acres

    Property Features for 20001 Highway 242

    General Information

    Standard status
    Active
    Lot size
    26.00 Acres

    We can help!

    Listing Contact
    Deborah Walters
    Source: Corcoran

    Listing Agency: ANNE VICKERY & ASSOCIATES REALTY, LLC Listing Agent: Deborah Walters

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    High-Visibility Land on Hwy 242

    This property offers a high-visibility location along Highway 242, which is currently undergoing expansion at Firetower Road. It is situated near FM 1485, providing close proximity to master-planned communities such as Artavia and Harrington Trails. The location is approximately 5 minutes from Grand TX Theme Park, Grand TX RV Resort, SpeedSportz Race Park, and The Food Zone. Accessibility is enhanced by its proximity to I-45 and I-69 (Highway 59). The property is approximately 8 miles from Valley Ranch Town Center and Grand Parkway (99), and about 30 minutes from Downtown Houston and IAH Bush Airport.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store Department Store Kitchen & Bath Showroom Food Market Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.271704
    Latitude
    30.21708

    Nearby Similar for Sale

    • $574,999

      Commercial Property Near Woodlands Parkway

      2,165 sqft property on 0.39 acres near major highways.
      27226 Robinson Rd, Conroe, TX 77385
      View Details
    • Contact for pricing

      Rivershire Professional Building For Sale

      40,300 SF Class B medical/professional office building in Conroe, TX.
      333 N Rivershire Dr, Conroe, TX 77304
      View Details
    • Contact for pricing

      Shenandoah Office Condominium For Sale

      Office condominium in Shenandoah, easy access to Houston and Woodlands.
      250 Ed English Dr, Conroe, TX 77385
      View Details
    • $950,000
      7,490 SF

      Conroe Retail Center on Porter

      Retail center on 3.12 acres in high-growth Conroe corridor.
      212 Porter Rd, Conroe, TX 77301
      View Details
    • Contact for pricing

      Retail/Medical Space in Growing Community

      Retail or medical space in Conroe's Grand Central Park community.
      1761 S Loop 336 W, Conroe, TX 77304
      View Details
    • Contact for pricing

      Professional/Medical Office Complex For Sale

      Professional and medical office complex centrally located with excellent visibility.
      2245-2255 N Loop 336 W, Conroe, TX 77304
      View Details
    • Contact for pricing

      Conroe Industrial/Office Flex Space

      Industrial/Flex spaces in established park near The Woodlands, Conroe.
      16753 Donwick Dr, Conroe, TX 77385
      View Details
    • $800,000
      4,500 SF

      Conroe Specialty Property For Sale

      4,500 square foot specialty property in Conroe, Texas.
      16610 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • $895,000
      6,818 SF

      Renovated Office Building in Conroe

      Fully renovated office building in Downtown Conroe, completed in 2025.
      729 N Frazier St, Conroe, TX 77301
      View Details
    • $985,000
      12,811 SF

      Conroe Commercial Property on Hwy 105

      Versatile commercial property with warehouse, office, and expansion potential.
      2751 E Davis St, Conroe, TX 77304
      View Details
    • $574,999

      Retail Opportunity Near Woodlands Parkway

      2,165 SF property near I-45 and Woodlands Parkway.
      27226 Robinson Rd, Conroe, TX 77385
      View Details
    • $1,800,000
      7,000 SF

      Warehouse and Office in Conroe

      7,000 SF warehouse with office space near The Woodlands.
      8601 Fawn Trl, Conroe, TX 77385
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with high visibility near expanding Hwy 242.
    Where is this commercial land located?
    The property is located at 20001 Highway 242 Conroe, TX.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - High-visibility location along Hwy 242, currently undergoing expansion.; - Close proximity to major master-planned communities including Artavia and Harrington Trails.; - Easy access to I-45 and I-69 (Hwy 59).
    (281) 224-7823
    Request Owner's contact information
    20001 Highway 242 Conroe, TX 77306
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20001 Highway 242
    Conroe, TX 77306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20001 Highway 242 Conroe, TX 77306
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Deborah Walters
    Real Estate License ID: 0616524
    (281) 224-7823 (281) 940-7253
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!