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    19945 Tx-242 Conroe, TX 77306

    For Sale
    $7,200,000

    36+ Acres, unrestricted, high-traffic location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 36.234-acre unrestricted land parcel presents a remarkable investment opportunity in Conroe, Texas. Strategically located on high-traffic State Highway 242, this property boasts an impressive 1165 feet of frontage, providing excellent visibility and accessibility. Multiple access points from Hwy 242, Deer Ridge Drive, and Firetower Road enhance its versatility. The land is zoned for both commercial and residential development, offering a wide range of potential uses. Its prime location provides convenient access to major thoroughfares, including Hwy 99 and Hwy 59, facilitating seamless commutes. Nearby amenities include the Grand Texas Theme Park (6 miles), Valley Ranch Town Center and Grand Parkway (12 minutes), and Houston and George Bush Intercontinental Airport (20 minutes). The property's high-growth area ensures strong future appreciation potential. The seller is willing to consider dividing the land, offering flexibility for various development scenarios. The asking price is $7,200,000, with a land value of $3.30 per square foot. The property's APN is 0419-00-04770. This is an exceptional opportunity to acquire a substantial tract of land in a rapidly developing area with excellent connectivity and diverse development possibilities.

    Property Features for 19945 Tx-242

    General Information

    Property type
    Land
    Lot Size
    1,578,353 SF

    HighLights

    • $7,200,000 asking price for 36.234 acres of unrestricted land.
    • High‑traffic location on SH 242 with 1165' of frontage.
    • Multiple access points from Hwy 242, Deer Ridge Drive, and Firetower Rd.
    • Suitable for residential or commercial development.
    • Convenient access to Hwy 99 and Hwy 59.
    • Seller will divide.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.265764448628
    Latitude
    30.217446747229

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    FAQs

    What type of property is this?
    Land - 36+ Acres, unrestricted, high-traffic location.
    Where is this land located?
    The property is located at 19945 Tx-242 Conroe, TX.
    What is the asking price?
    The asking price for this property is $7,200,000.
    What are key features of this property?
    This property features: $7,200,000 asking price for 36.234 acres of unrestricted land.; High-traffic location on SH 242 with 1165' of frontage.; Multiple access points from Hwy 242, Deer Ridge Drive, and Firetower Rd.
    Request Owner's contact information
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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
    19945 Tx-242 Conroe, TX 77306
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