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
Days on Market328
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Property Features for 21161 Blair Rd - Bldg. 14
General Information
Standard status
Active
Size
5,600 SF
Class
B
Property subtype
Industrial
Building Details
Building Size
5,600 SF
Year Built
2019
Listing Agency:
SVN | J. Beard Real Estate
Listed By:
Robert Noack · License #638275
(832) 723-9996
Source:
Svn
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 14 at 8:14PM
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 SVN | J. Beard Real Estate
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
Estimated NOI and Cap Rate
NOI / Yr
$34,611
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,220
$692.2K
Cap Rate 7%
$494,443
$494.4K
Cap Rate 9%
$384,567
$384.6K
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$43.5K $7.76/SF
− Vacancy
−$2.7K −$0.49/SF
EGI
$40.7K $7.27/SF
− OpEx
−$6.1K −$1.09/SF
NOI
$34.6K $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%
$692,220
Cap Rate 7%
$494,443
Cap Rate 9%
$384,567
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.
How Realmo checks its estimates
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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.
