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    Property profile & analytics

    5020 Central Pkwy Conroe, TX 77303

    • Specialty properties
    • 7,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Primary Flight Maintenance, LLC / Aircraft Maintenance Company
    • Tidal Aviation KCXO - Cirrus Authorized Service Center / Aircraft Maintenance Company
    • Tidal Aviation (KCXO) - Flight Training / Aircraft Rental Service / Aircraft Dealer

    Property Details for 5020 Central Pkwy

    Year built
    2004
    Property size
    7,200 SF
    Property type
    Specialty properties
    Property subtype
    Airport retail

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4205
    Latitude
    30.3501

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      1484 Tx

      Airport retail • 14,000 SF
      1484 Tx, Conroe, TX 77303
      View Details
    • Value Estimation by Request

      3503 Frazier St

      Restaurants
      3503 Frazier St, Conroe, TX 77303
      View Details
    • Value Estimation by Request
      289,322 SF

      I-45 & Fm Fm 3083

      Lifestyle centers • 289,322 SF
      I-45 & Fm Fm 3083, Conroe, TX 77303
      View Details
    • Value Estimation by Request
      110,099 SF

      I-45 Fm 3083 Rd

      Land • 110,099 SF
      I-45 Fm 3083 Rd, Conroe, TX 77303
      View Details
    • Value Estimation
      $355,000
      1.11 Acres

      21671 Fm 1314

      RETAIL STORES (PERSONAL SERVICES) • 1.11 Acres
      21671 Fm 1314, Conroe, TX 77303
      View Details
    • Value Estimation by Request
      5,000 SF

      10673 Fm 1484 Rd

      Flex space • 5,000 SF
      10673 Fm 1484 Rd, Conroe, TX 77303
      View Details

    Similar Nearby for Sale

    • $1,950,000

      Conroe Specialty Property For Sale

      Specialty property available for purchase in Conroe, Texas.
      12535 Nicholson Rd, Conroe, TX 77303
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    • $7,380,698
      13.56 Acres

      Prime Conroe Commercial Land

      13.55 Acres, High-Traffic Location, Development Ready
      0 Plantation Dr, Conroe, TX 77303
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    • $1,322,045
      6.01 Acres

      Conroe Commercial Land - 6 Acres

      Prime commercial land, ideal for development. High traffic area.
      0 Fm 1484 Rd, Conroe, TX 77303
      View Details
    • Contact for pricing
      13.00 Acres

      13 Acres Hwy 105, Cut & Shoot

      Prime Texas Commercial Land: High Visibility
      0 Tx-105, Cut and Shoot, TX 77303
      View Details
    • $1,350,000
      31.38 Acres

      Conroe Industrial Land - 31 Acres

      Prime Industrial Land, Conroe, TX
      11192 Fm 1484 Rd, Conroe, TX 77303
      View Details
    • $1,050,000
      20.00 Acres

      20-Acre Commercial Land, Conroe, TX

      Prime Conroe land: 20 acres, commercial potential.
      10994 Kittys Ln, Conroe, TX 77303
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      5,000 SF

      Retail Space Near Loop 336

      23,600 SF shopping center with high visibility and access.
      2200 N Frazier St, Conroe, TX 77303
      View Details
    • Contact for pricing
      289,322 SF

      Conroe Marketplace Retail Spaces

      Prime Retail Space, I-45 & FM 3083
      I-45 & Fm Fm 3083, Conroe, TX 77303
      View Details
    • Contact for pricing
      110,099 SF

      Teas Plaza: Conroe Retail Opportunity

      High-traffic retail space, ±110,000 SF available.
      I-45 Fm 3083 Rd, Conroe, TX 77303
      View Details
    • $19 SF/Yr
      18,000 SF

      Loop 336 E Commercial Space

      Modern Conroe flex space, 18,000 sqft.
      1601 Loop 336, Conroe, TX 77303
      View Details
    • $11 SF/Yr
      25,030 SF

      Hilltop Drive Industrial Warehouse

      Conroe, TX warehouse space for lease/sale.
      3705 Hilltop Dr, Conroe, TX 77303
      View Details
    • $3,742,500
      8,220 SF

      New Office Spaces in Conroe

      Brand new office spaces available for lease in Conroe, TX.
      2517 N Frazier St, Conroe, TX 77303
      View Details
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    5020 Central Pkwy
    Conroe, TX 77303
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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