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    Tx-242 Conroe, TX 77306

    Sponsored
    For Sale
    $5,600,000

    Prime Conroe land, high traffic, high growth.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 17.81-acre commercial and industrial land parcel is strategically located at the southwest corner of Highway 242 and FM 1485 in Conroe, Montgomery County, Texas (APN: 0386-00-001110). Offered at $5,600,000 ($7.22/sq ft), this property benefits from its position in a high-traffic, high-growth area. The Highway 242 roadway expansion project is nearing completion, further enhancing accessibility and visibility. The site enjoys close proximity to established communities like ARTIVIA and Harrington Trails, adding to its desirability. Recreational attractions such as the Grand Texas Theme Park are only six miles east on Highway 59. Excellent connectivity is ensured by easy access to FM 1314, I-45, and I-69 (Highway 59). Commuting to Valley Ranch (Highway 59/I-69 and Grand Parkway/Highway 99) takes approximately 12 minutes, while Houston and George Bush Intercontinental Airport (IAH) are reachable within 18 minutes. This property's location within an Opportunity Zone presents significant investment potential. The zip code is 77306. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area with excellent infrastructure and strong growth prospects.

    Property Features for 0 Tx-242

    General Information

    Property type
    Land
    Lot Size
    775,804 SF

    HighLights

    • 17.81‑acre commercial/industrial land parcel in Conroe, TX (APN: 0386‑00‑001110), offered at $5,600,000 ($7.22/sq ft).
    • High‑traffic, high‑growth location at Hwy 242 & FM 1485, benefiting from the nearing completion of the Hwy 242 expansion.
    • Excellent access to major roadways including FM 1314, I‑45, I‑69 (Hwy 59), and proximity to established communities and recreational attractions.
    • Located in an Opportunity Zone, offering significant investment potential; 12‑minute commute to Valley Ranch, 18‑minute commute to Houston & IAH.
    • Zip code 77306.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.280136338301
    Latitude
    30.214927621609

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    FAQs

    What type of property is this?
    Land - Prime Conroe land, high traffic, high growth.
    Where is this land located?
    The property is located at Tx-242 Conroe, TX.
    What is the asking price?
    The asking price for this property is $5,600,000.
    What are key features of this property?
    This property features: 17.81-acre commercial/industrial land parcel in Conroe, TX (APN: 0386-00-001110), offered at $5,600,000 ($7.22/sq ft).; High-traffic, high-growth location at Hwy 242 & FM 1485, benefiting from the nearing completion of the Hwy 242 expansion.; Excellent access to major roadways including FM 1314, I-45, I-69 (Hwy 59), and proximity to established communities and recreational attractions.
    Request Owner's contact information
    Tx-242 Conroe, TX 77306
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    Conroe, TX 77306
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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
    Tx-242 Conroe, TX 77306
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