Conroe Retail/Industrial Property For
For Sale
Contact for pricing
Pending
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
Days on Market949
Property Features for 815 E Davis St
General Information
Standard status
Pending
Size
4,500 SF
Class
C
Lot size
0.88 Acres
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1965
Year Renovated
2016
Buildings
2
Stories
1
Units
4
Tenancy
Single
Listing Agency:
Texas Commercial Realty Group
(936) 539-8942
Listed By:
Randy Sanders · License #TX 749582
Source:
Crexi
Added: Jan 17, 2024
Changed: Aug 16
Last Checked: Aug 22 at 6:20PM
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 Texas Commercial Realty Group
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 = 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
$61,018
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
4.07%
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%
$1,220,360
$1.2M
Cap Rate 7%
$871,686
$871.7K
Cap Rate 9%
$677,978
$678.0K
Market Conditions
NOI Build-Up for 4,500 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
$92.3K $20.52/SF
− Vacancy
−$5.2K −$1.15/SF
EGI
$87.2K $19.37/SF
− OpEx
−$26.2K −$5.81/SF
NOI
$61.0K $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%
$1,220,360
Cap Rate 7%
$871,686
Cap Rate 9%
$677,978
Alternative Uses
Best Use
Retail
$871.7K
$762.7K – $1.02M
NOI $61,018 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.14M
$994.0K – $1.33M
NOI $79,523 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 $1,500,000.
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.
