Auto Repair Facility with Body
New
For Sale
Contact for pricing
2214 N Frazier St, Conroe, TX 77303
Two metal buildings support mechanical, collision, office, and retail operations on a fenced commercial site.
Property Size9,115 SF
Lot Size1.09 Acres
Price / SF$227.10
Days on Market3
Property Features for 2214 N Frazier St
General Information
Standard status
Active
Size
9,115 SF
Lot size
1.09 Acres
Property subtype
INDUSTRIAL
Additional Details
Fenced Yard
Yes
Building Details
Buildings
2
Construction
metal
Listing Agency:
RE/MAX Partners
(281) 893-8400
Listed By:
Shari Postel · License #360116
(281) 851-8458
Source:
Moodyscre
Added: Sep 21
Changed: Sep 22
Last Checked: Sep 22 at 1:51PM
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 RE/MAX Partners
Investment Insights
Based on property information with market context.
This auto shop property includes two metal buildings totaling 9,115 SF. The 5,089-SF front building has six overhead doors, three vehicle lifts, two AC service recovery machines, and approximately 1,500 SF of air-conditioned office and retail space. The 4,026-SF rear building provides seven overhead doors and specialized collision-repair equipment, including a frame rack package, Car-O-Tronic measuring cart, M7 bridge draw aligner, tool board, Kayco downdraft paint booth, and spot welder.
The improvements occupy a fenced 1.09-acre site at 2214 N Frazier St in Conroe, just north of N. Loop 336. The property also includes a pylon sign subject to a 20-year lease, providing an additional existing site component.
The improvements occupy a fenced 1.09-acre site at 2214 N Frazier St in Conroe, just north of N. Loop 336. The property also includes a pylon sign subject to a 20-year lease, providing an additional existing site component.
Key Highlights
- Two metal buildings totaling 9,115 SF
- Front building measures 5,089 SF with 6 overhead doors
- Rear building measures 4,026 SF with 7 overhead doors
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
$123,596
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
5.97%
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%
$2,471,920
$2.5M
Cap Rate 7%
$1,765,657
$1.8M
Cap Rate 9%
$1,373,289
$1.4M
Market Conditions
NOI Build-Up for 9,115 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
$187.0K $20.52/SF
− Vacancy
−$10.5K −$1.15/SF
EGI
$176.6K $19.37/SF
− OpEx
−$53.0K −$5.81/SF
NOI
$123.6K $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%
$2,471,920
Cap Rate 7%
$1,765,657
Cap Rate 9%
$1,373,289
Alternative Uses
Best Use
Retail
$1.77M
$1.54M – $2.06M
NOI $123,596 @ 7.0% cap · market cap 5.97%
Second Best
Industrial
$662.8K
$579.9K – $773.2K
NOI $46,393 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $161,077 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
864
Businesses Nearby
274k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Groceries 27%
Shops & Services 22%
Apparel 4%
H-E-B
Groceries
74,831 visits/mo
0.1 miles
McDonald's
Dining
30,922 visits/mo
0.2 miles
Whataburger
Dining
26,787 visits/mo
0.2 miles
Chick-fil-A
Dining
20,529 visits/mo
0.0 miles
H-E-B Fuel
Shops & Services
14,590 visits/mo
0.2 miles
Demographics for 77303, TX
20,974
Population
9,516
Households
2.2
Avg Household Size
36
Median Age
14%
College-Educated
84%
High-School Grad
60.9 sq mi
ZIP Area
344
Density / Sq Mi
$72,827
Median Household Income
$42,956
Median Earnings
$1,157
Median Rent
$232,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Buckalew Chevrolet Collision Center — 1717 N Frazier St, Conroe, TX 77301
- Anytime Truck & Tire Service — 1509 n san jacinto st, conroe, tx 77301
- Herrera Auto Paint — 105 Mcmillan St, Conroe, TX 77301
- ESV Upfitting Solutions — 814 Northpine Dr, Conroe, TX 77301
- Jud's Eurotypes — 1909 N Frazier St, Conroe, TX 77301
Frequently Asked Questions
What type of property is this?
Auto shop - Two metal buildings support mechanical, collision, office, and retail operations on a fenced commercial site.
Where is this auto shop located?
The property is located at 2214 N Frazier St Conroe, TX.
What is the asking price?
The asking price for this property is $2,070,000.
What are key features of this property?
This property features: Two metal buildings totaling 9,115 SF; Front building measures 5,089 SF with 6 overhead doors; Rear building measures 4,026 SF with 7 overhead doors
