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Property profile & analytics
OFF-MARKET
Land

0 & Old Houston Rd Conroe, TX 77302

108 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 108-acre commercial land parcel is strategically located in Conroe, Montgomery County, Texas, at the intersection of Hwy 242 and Old Houston Road, zip code 77302. Zoned for Conroe ISD, this property presents significant development potential. Its prime location offers easy access to major thoroughfares, including I-45 and I-69 (US 59), via nearby FM 242. The property's proximity to the rapidly growing Artavia master-planned community (approximately 4.5 miles east) further enhances its value. State Highway 242, a high-traffic corridor, ensures excellent visibility and accessibility. While portions of the land bordering Dry Creek are designated as floodplain by FEMA, the majority of the acreage offers ample opportunity. The property's location within an Opportunity Zone provides additional investment incentives. Ideal for residential development, this land offers a compelling investment opportunity, whether for immediate development or future land banking. Convenient access to TX-99 is available via FM 1314 or FM 1485.

Property profile
Verified
Property type Land
Lot 108 ac (4,704,480 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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