Single-Story Office
New
For Sale
$425,000
909 Houston St, Conroe, TX 77301
Near Downtown Conroe, the property offers paved parking, street frontage, and access to TX-105 and I-45.
Property Size2,400 SF
Lot Size0.21 Acres
Price / SF$177.08
Days on Market2
Property Features for 909 Houston St
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.21 Acres
Property subtype
Vacant Land
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
2,400 SF
Listing Agency:
Connect Realty.com
Listed By:
Ryan Kutter · License #0594210
(518) 852-8342
Source:
Poprealty
Added: Sep 4
Last Checked: Sep 4 at 2:41PM
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 Connect Realty.com
Investment Insights
Based on property information with market context.
Located at 909 Houston St in Conroe, this ±2,400 SF single-story commercial building sits on approximately ±0.21 acres. The property includes paved parking and visible street frontage, with an interior configuration that may support professional offices, a call center, a training facility, event space, or other uses stated in the property information.
The site is near Downtown Conroe, downtown businesses, restaurants, and the Montgomery County Courthouse. Access to TX-105 and I-45 adds convenient connectivity for employees, visitors, and customers. The combination of an existing commercial building, on-site parking, and a location near downtown provides a practical office-oriented property for sale.
The site is near Downtown Conroe, downtown businesses, restaurants, and the Montgomery County Courthouse. Access to TX-105 and I-45 adds convenient connectivity for employees, visitors, and customers. The combination of an existing commercial building, on-site parking, and a location near downtown provides a practical office-oriented property for sale.
Key Highlights
- ±2,400 SF single‑story commercial building
- ±0.21‑acre property
- Paved parking included
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
$28,136
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
6.62%
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%
$562,720
$562.7K
Cap Rate 7%
$401,943
$401.9K
Cap Rate 9%
$312,622
$312.6K
Market Conditions
NOI Build-Up for 2,400 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
$48.1K $20.04/SF
− Vacancy
−$10.6K −$4.41/SF
EGI
$37.5K $15.63/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$28.1K $11.72/SF
Area
Montgomery County, TX
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$562,720
Cap Rate 7%
$401,943
Cap Rate 9%
$312,622
Alternative Uses
Best Use
Office B
$401.9K
$351.7K – $468.9K
NOI $28,136 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Near Downtown Conroe, the property offers paved parking, street frontage, and access to TX-105 and I-45.
Where is this office building located?
The property is located at 909 Houston St Conroe, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: ±2,400 SF single‑story commercial building; ±0.21‑acre property; Paved parking included
