South Conroe Flex Space
21161 Blair Rd - Bldg. 14 Conroe, TX 77385
21161 Blair Rd - Bldg. 14, Conroe, TX, 77385
$868,000
For Sale
$868,000
5600 SF flex space with office in gated park.
Property Size5,600 SF
Price / SF$155
Days on Market237
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
(832) 723-9996
Source
Jbeardcompany
Added: Nov 21, 2025 Checked: Jul 16 at 9:12 am
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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.
