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    411 Springwood Dr Conroe, TX 77385

    For Sale
    $1,800,000

    Prime 11-acre tract near The Woodlands. Mixed-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 11-acre commercial property presents a unique investment opportunity in Conroe, Texas. Located at 411 Springwood Dr, 77385, this unrestricted land boasts convenient access to major thoroughfares including I-45, Hardy Toll Road, SH 242, and the Grand Parkway, placing it within minutes of The Woodlands Mall. The property enjoys a desirable location adjacent to Lake Chateau Woods and Oak Ridge North Commerce Park. Its mixed-use zoning allows for diverse development possibilities, including residential (multi-family, townhomes), and commercial ventures. City utilities are readily available, and a significant advantage is the absence of MUD taxes. The property's strategic location and versatile zoning make it an ideal choice for developers seeking a prime location with excellent connectivity and minimal tax burdens. With its proximity to established commercial centers and residential areas, this 11-acre parcel offers substantial potential for significant returns. The latitude and longitude coordinates are 30.16303, -95.4351251. This is an owner/user investment opportunity.

    Property Features for 411 Springwood Dr

    General Information

    Property type
    Multifamily properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4351251
    Latitude
    30.16303

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    FAQs

    What type of property is this?
    Multifamily property - Prime 11-acre tract near The Woodlands. Mixed-use potential.
    Where is this multifamily property located?
    The property is located at 411 Springwood Dr Conroe, TX.
    What is the asking price?
    The asking price for this property is $1,800,000.
    Request Owner's contact information
    411 Springwood Dr Conroe, TX 77385
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 Springwood Dr Conroe, TX 77385
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