Industrial Land with Existing
For Sale
Contact for pricing
648 Crockett Martin Road, Conroe, TX 77306
6.1-acre site with a 5,000 SF building, 65 feet of road frontage, and utilities available for industrial and storage uses.
Property Size5,000 SF
Lot Size6.10 Acres
Price / SF$130
Days on Market100
Property Features for 648 Crockett Martin Road
General Information
Standard status
Active
Size
5,000 SF
Lot size
6.10 Acres
Property subtype
Industrial, Land, Self Storage
Zoning
Opportunity Zone
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Newcor Commercial Real Estate
Listed By:
David Alexander · License #TX 606724
(281) 210-0095
Source:
Crexi
Added: Jun 3
Changed: Sep 7
Last Checked: Sep 9 at 5:37AM
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 Newcor Commercial Real Estate
Investment Insights
Based on property information with market context.
This property consists of approximately 6.1 acres with an existing 5,000 SF building. The site is positioned to accommodate a range of commercial and industrial operations, including contractor yards, storage-focused businesses, equipment-related uses, warehouses, and owner-user facilities. With outdoor space and existing improvements in place, the property supports both immediate use and future expansion, including options for outdoor storage or redevelopment.
The property is located just off Highway 105 in Conroe, Texas, with approximately 65 feet of frontage on Crockett Martin Road. It is described as being in a growth corridor along the Highway 105 route, with convenient proximity to major transportation connections serving the greater Houston market. The remarks also note the site is approximately 8 miles from Downtown Conroe, 9 miles from I-45, and 13 miles from US-59. Utility service is noted through Cut and Shoot Water CCN.
For tenants or owner-users, the combination of an existing building and substantial land offers flexibility for operations that need indoor space along with yard or storage requirements. For buyers and developers, the asset provides acreage that may support expansion, additional outdoor storage, or redevelopment, with the potential benefit of being situated within an Opportunity Zone, as stated in the property remarks.
The property is located just off Highway 105 in Conroe, Texas, with approximately 65 feet of frontage on Crockett Martin Road. It is described as being in a growth corridor along the Highway 105 route, with convenient proximity to major transportation connections serving the greater Houston market. The remarks also note the site is approximately 8 miles from Downtown Conroe, 9 miles from I-45, and 13 miles from US-59. Utility service is noted through Cut and Shoot Water CCN.
For tenants or owner-users, the combination of an existing building and substantial land offers flexibility for operations that need indoor space along with yard or storage requirements. For buyers and developers, the asset provides acreage that may support expansion, additional outdoor storage, or redevelopment, with the potential benefit of being situated within an Opportunity Zone, as stated in the property remarks.
Key Highlights
- 6.1‑acre property with an existing 5,000 SF building for industrial, storage, or contractor yard/service business use
- Approximately 65 ft of frontage on Crockett Martin Road
- Utilities available via Cut and Shoot Water CCN
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
$49,875
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
7.67%
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%
$997,500
$997.5K
Cap Rate 7%
$712,500
$712.5K
Cap Rate 9%
$554,167
$554.2K
Market Conditions
NOI Build-Up for 5,000 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
$75.0K $15.00/SF
− Vacancy
−$3.8K −$0.75/SF
EGI
$71.3K $14.25/SF
− OpEx
−$21.4K −$4.27/SF
NOI
$49.9K $9.98/SF
Area
Montgomery County, TX
Vacancy
5.00%
Lease Rate
$15.00 /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%
$997,500
Cap Rate 7%
$712,500
Cap Rate 9%
$554,167
Alternative Uses
Best Use
Self Storage
$712.5K
$623.4K – $831.3K
NOI $49,875 @ 7.0% cap · market cap 7.67%
Second Best
Warehouse
$441.5K
$386.3K – $515.0K
NOI $30,902 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,358 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Explore this area
Business Placement
Demographics for 77306, TX
15,127
Population
5,913
Households
2.6
Avg Household Size
32
Median Age
13%
College-Educated
62%
High-School Grad
41.1 sq mi
ZIP Area
368
Density / Sq Mi
$76,411
Median Household Income
$35,587
Median Earnings
$933
Median Rent
$156,600
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Industrial land - 6.1-acre site with a 5,000 SF building, 65 feet of road frontage, and utilities available for industrial and storage uses.
Where is this industrial land located?
The property is located at 648 Crockett Martin Road Conroe, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6.1‑acre property with an existing 5,000 SF building for industrial, storage, or contractor yard/service business use; Approximately 65 ft of frontage on Crockett Martin Road; Utilities available via Cut and Shoot Water CCN
