South Conroe Flex Space
For Sale
$868,000
21161 Blair Rd - Bldg. 14, Conroe, TX 77385
5600 SF flex space with office in gated park.
Property Size5,600 SF
Price / SF$155
Days on Market258
Property Features for 21161 Blair Rd - Bldg. 14
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Industrial
Building Details
Year Built
2019
Listing Agency:
Black Label Commercial Group
(832) 723-9996
Listed By:
Robert Noack · License #638275
(832) 723-9996
Source:
Jbeardcompany
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 5 at 5:09AM
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 Black Label Commercial Group
Investment Insights
Based on property information with market context.
This property features a 5600 SF metal building, including approximately 1200 SF of office space, situated in south Conroe. It is located within a gated, deed-restricted business park, approximately one mile east of Interstate 45 North. The property is in the Oak Ridge submarket, near The Woodlands, positioned between Rayford Rd. and Robinson Rd.
Key Highlights
- 5600 SF metal building offers substantial space.
- Includes approximately 1200 SF of office space.
- Located in a gated, deed‑restricted business park.
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 | $43.5k | $7.76 |
| − Vacancy | −$2.7k | −$0.49 |
| EGI | $40.7k | $7.27 |
| − OpEx | −$6.1k | −$1.09 |
| NOI | $34.6k | $6.18 |
5,600 SF · lease $7.76/SF/yr · vacancy 6.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$494.4K
$432.6K – $576.9K
NOI $34,611 @ 7.0% cap · market cap 3.99%
Second Best
Industrial
$407.2K
$356.3K – $475.1K
NOI $28,503 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,961 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 77385, TX
27,801
Population
9,820
Households
2.8
Avg Household Size
35
Median Age
41%
College-Educated
92%
High-School Grad
21.7 sq mi
ZIP Area
1,281
Density / Sq Mi
$112,798
Median Household Income
$56,144
Median Earnings
$1,727
Median Rent
$294,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 5600 SF flex space with office in gated park.
Where is this flex space located?
The property is located at 21161 Blair Rd - Bldg. 14 Conroe, TX.
What is the asking price?
The asking price for this property is $868,000.
What are key features of this property?
This property features: 5600 SF metal building offers substantial space.; Includes approximately 1200 SF of office space.; Located in a gated, deed‑restricted business park.
