Conroe Retail/Industrial Property For
For Sale
$1,200,000
815 E Davis St, Conroe, TX 77301
Light industrial/retail property near downtown Conroe with highway frontage.
Property Size4,500 SF
Lot Size0.88 Acres
Price / SF$210.53
Days on Market201
Property Features for 815 E Davis St
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.88 Acres
Property subtype
Retail
Building Details
Building Size
4,500 SF
Year Built
2003
Listed By:
Randal Sanders · License #TX #749582
(936) 539-8942
Source:
Tx-crg
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 12 at 5:21PM
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 Randal Sanders
Investment Insights
Based on property information with market context.
This property features a unique light industrial/retail opportunity situated approximately 0.5 miles from downtown Conroe, Texas. The site includes two metal buildings on a 0.88-acre lot with frontage on Highway 105. The first building provides approximately 4500 square feet of space, while the second building offers approximately 1200 square feet. A large, stabilized area of concrete and rock is available for laydown. The entire site is fenced and features two gated entrances, providing accessibility for 18-wheelers. This property is suitable for various commercial purposes.
Key Highlights
- Prime location: Just 1/2 mile from downtown Conroe with HWY 105 frontage.
- Two buildings: 4500SF and 1200SF, suitable for light industrial/retail.
- Large stabilized laydown area: Concrete/rock surface.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,290
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,800
$1.5M
Cap Rate 7%
$1,104,143
$1.1M
Cap Rate 9%
$858,778
$858.8K
Market Conditions
NOI Build-Up for 5,700 SF
Gross rent
$117.0K $20.52/SF
− Vacancy
−$6.5K −$1.15/SF
EGI
$110.4K $19.37/SF
− OpEx
−$33.1K −$5.81/SF
NOI
$77.3K $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 Rate 5%
$1,545,800
Cap Rate 7%
$1,104,143
Cap Rate 9%
$858,778
Alternative Uses
Best Use
Retail
$1.10M
$966.1K – $1.29M
NOI $77,290 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,729 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,759
Businesses Nearby
221k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Electronics 17%
Shops & Services 16%
Apparel 7%
McDonald's
Dining
31,941 visits/mo
0.2 miles
Best Buy
Electronics
27,504 visits/mo
0.5 miles
SONIC Drive In
Dining
17,117 visits/mo
0.2 miles
Goodwill
Apparel
14,954 visits/mo
0.4 miles
Taco Bell
Dining
14,072 visits/mo
0.4 miles
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Light industrial/retail property near downtown Conroe with highway frontage.
Where is this retail space located?
The property is located at 815 E Davis St Conroe, TX.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location: Just 1/2 mile from downtown Conroe with HWY 105 frontage.; Two buildings: 4500SF and 1200SF, suitable for light industrial/retail.; Large stabilized laydown area: Concrete/rock surface.
