Freestanding Retail-Office
For Sale
$1,400,000
2121 Timber Lane, Conroe, TX 77301
Freestanding building on a 0.51-acre site with about 36 designated parking spaces and flexible retail, office, and medical use.
Property Size4,420 SF
Lot Size0.51 Acres
Price / SF$316.74
Days on Market42
Property Features for 2121 Timber Lane
General Information
Standard status
Active
Size
4,420 SF
Total Parking Spaces
36
Lot size
0.51 Acres
Property subtype
Retail
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Building Details
Building Size
4,420 SF
Year Built
1971
Listing Agency:
eXp Realty, LLC
Listed By:
Adam Olsen, CCIM · License #TX #0642075
(713) 614-2670
Source:
Thecommercialprofessionals
Added: Jul 27
Changed: Sep 5
Last Checked: Aug 14 at 8:14AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located at 2121 Timberlane in Conroe, this 0.51-acre property includes a 4,420-square-foot freestanding building and approximately 36 designated parking spaces for convenient customer access. The layout is described as flexible for retail, office, medical, or general business use.
The property is positioned for visibility just off North Loop 336, with quick access to Interstate 45 and downtown Conroe. Traffic exposure is supported by approximately 25,000+ VPD on North Loop 336 near the property and approximately 117,000+ VPD on Interstate 45.
For owner-users and investors seeking a versatile, drive-to location within an established business corridor, this asset offers on-site parking and adaptable space to support a range of commercial needs.
The property is positioned for visibility just off North Loop 336, with quick access to Interstate 45 and downtown Conroe. Traffic exposure is supported by approximately 25,000+ VPD on North Loop 336 near the property and approximately 117,000+ VPD on Interstate 45.
For owner-users and investors seeking a versatile, drive-to location within an established business corridor, this asset offers on-site parking and adaptable space to support a range of commercial needs.
Key Highlights
- 0.51‑acre site improved with a 4,420 SF freestanding building in the heart of Conroe
- Approximately 36 designated parking spaces for customer and employee access
- Flexible layout for retail, office, medical, or general business use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$59,934
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,198,680
$1.2M
Cap Rate 7%
$856,200
$856.2K
Cap Rate 9%
$665,933
$665.9K
Market Conditions
NOI Build-Up for 4,420 SF
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.
Gross rent
$90.7K $20.52/SF
− Vacancy
−$5.1K −$1.15/SF
EGI
$85.6K $19.37/SF
− OpEx
−$25.7K −$5.81/SF
NOI
$59.9K $13.56/SF
Area
Montgomery County, TX
Vacancy
5.60%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,198,680
Cap Rate 7%
$856,200
Cap Rate 9%
$665,933
Alternative Uses
Best Use
Retail
$856.2K
$749.2K – $998.9K
NOI $59,934 @ 7.0% cap · market cap 4.28%
Second Best
Office B
$740.2K
$647.7K – $863.6K
NOI $51,817 @ 7.0% cap · market cap 3.70%
Theoretical Best
Specialty Retail
$1.12M
$976.4K – $1.30M
NOI $78,109 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
25,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 77301, TX
35,923
Population
12,854
Households
2.8
Avg Household Size
32
Median Age
21%
College-Educated
75%
High-School Grad
20.2 sq mi
ZIP Area
1,778
Density / Sq Mi
$64,885
Median Household Income
$35,575
Median Earnings
$1,229
Median Rent
$193,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building on a 0.51-acre site with about 36 designated parking spaces and flexible retail, office, and medical use.
Where is this retail space located?
The property is located at 2121 Timber Lane Conroe, TX.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 0.51‑acre site improved with a 4,420 SF freestanding building in the heart of Conroe; Approximately 36 designated parking spaces for customer and employee access; Flexible layout for retail, office, medical, or general business use
