Conroe Commercial Property on Hwy
For Sale
Contact for pricing
2751 E Davis, Conroe, TX
Versatile commercial property with warehouse, office, and expansion potential.
Property Size12,811 SF
Lot Size0.80 Acres
Price / SF$74.94
Days on Market271
Property Features for 2751 E Davis
General Information
Standard status
Active
Size
12,811 SF
Lot size
0.80 Acres
Property subtype
RETAIL
Listing Agency:
Berkshire Hathaway HomeServices Premier Properties
(936) 672-2859
Listed By:
Rockey L. Butler · License #0789967
(936) 672-2859
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 14
Last Checked: Aug 22 at 10:19AM
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 Berkshire Hathaway HomeServices Premier Properties
Investment Insights
Based on property information with market context.
Located in Conroe, TX, at 2751 E Davis Street, this commercial property is situated on Hwy 105 East, between I-45 and Loop 336. The 0.8-acre property includes over 12,800 square feet of combined storefront, warehouse, and office space. The property features two contiguous warehouses, one spanning 6,930 square feet and the other 3,431 square feet. These warehouses are accessible via three 14’x14’ overhead doors and two 12’x12’ doors, with 14- and 12-foot header heights. Additionally, there is 2,450 square feet of enclosed office space, which includes two bathrooms, a kitchenette, four offices, and bonus second-floor office or storage space. The building is equipped with HVAC throughout most areas, along with electrical and plumbing. The property also features 6,400 square feet of external asphalt paving, and a concrete slab at the rear provides a foundation for potential future expansion. The location offers accessibility and visibility on Hwy 105 near FM 3083, approximately 10 minutes from I-45. A five-lane highway expansion is underway to allow increased traffic and visibility. The property's proximity to downtown Conroe places it near the city’s business core.
Key Highlights
- Prime location on Hwy 105 East, between I‑45 and Loop 336, with ongoing five‑lane highway expansion for increased traffic and visibility.
- Versatile 0.8‑acre property with over 12,800 SF of combined storefront, warehouse, and office space.
- Two contiguous warehouses (6,930 SF and 3,431 SF) with three 14’x14’ and two 12’x12’ overhead doors, offering 14- and 12‑foot header heights.
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
$79,178
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
8.25%
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%
$1,583,560
$1.6M
Cap Rate 7%
$1,131,114
$1.1M
Cap Rate 9%
$879,756
$879.8K
Market Conditions
NOI Build-Up for 12,811 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
$99.4K $7.76/SF
− Vacancy
−$6.3K −$0.49/SF
EGI
$93.2K $7.27/SF
− OpEx
−$14.0K −$1.09/SF
NOI
$79.2K $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 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%
$1,583,560
Cap Rate 7%
$1,131,114
Cap Rate 9%
$879,756
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.50M
NOI $150,188 @ 7.0% cap · market cap 15.64%
Second Best
Warehouse
$1.13M
$989.7K – $1.32M
NOI $79,178 @ 7.0% cap · market cap 8.25%
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,392 @ 7.0% cap · market cap 23.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Montgomery Self Storage — 1418 FM 2854 Rd, Conroe, TX 77304
- iStorage — 1777 N Loop 336 W, Conroe, TX 77304
- iStorage — 2135 W Davis St, Conroe, TX 77304
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile commercial property with warehouse, office, and expansion potential.
Where is this warehouse located?
The property is located at 2751 E Davis Conroe, TX.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Prime location on Hwy 105 East, between I‑45 and Loop 336, with ongoing five‑lane highway expansion for increased traffic and visibility.; Versatile 0.8‑acre property with over 12,800 SF of combined storefront, warehouse, and office space.; Two contiguous warehouses (6,930 SF and 3,431 SF) with three 14’x14’ and two 12’x12’ overhead doors, offering 14- and 12‑foot header heights.
