Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Petty Walker Ln Conroe, TX 77306

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Petty Walker Ln Conroe, TX 77306

    View on Map
    • Land
    • 40.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Petty Walker Ln

    Lot size
    40.19 lot acres
    Property type
    Land

    Description

    This exceptional 40.19-acre property in Montgomery County, Texas, presents a unique investment opportunity. Located in Conroe, TX, with a convenient address on Petty Walker Ln, zip code 77306, this land boasts easy access to major roadways, including Highway 59 and Highway 99 (Grand Parkway). The rectangular parcel offers significant frontage on Petty Walker Road. The property is heavily wooded and currently benefits from an agricultural exemption for timber, indicating potential for continued income generation from timber resources. While a small portion of the land falls within the 500-year floodplain, the vast majority of the acreage is suitable for a variety of commercial and residential developments. The asking price is $1,406,650, translating to a land value of $32,000 per acre. Given its size, location, and diverse potential uses, this property represents a compelling investment opportunity for developers and investors seeking a significant land holding in a rapidly growing area of Texas. The property's unrestricted nature allows for a wide range of development possibilities, from commercial ventures to residential subdivisions, subject to local zoning regulations. Detailed surveys and environmental assessments are recommended for prospective buyers to fully understand the property's potential and limitations.

    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
    -95.2656
    Latitude
    30.2276

    Comparable in this City

    • Value Estimation by Request
      12.50 Acres

      14471 Kyle Ln

      Agricultural land / Farmland • 12.50 Acres
      14471 Kyle Ln, Conroe, TX 77306
      View Details
    • Value Estimation by Request
      36.23 Acres

      19945 Tx-242

      Land • 36.23 Acres
      19945 Tx-242, Conroe, TX 77306
      View Details
    • Value Estimation by Request
      39.71 Acres

      13060 Fm 1485 Rd

      Land • 39.71 Acres
      13060 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Value Estimation by Request
      17.23 Acres

      Crockett Martin Rd

      Land • 17.23 Acres
      0 Crockett Martin Rd, Conroe, TX 77306
      View Details
    • Value Estimation by Request
      9.50 Acres

      11830 Crockett Martin Rd

      Land • 9.50 Acres
      11830 Crockett Martin Rd, Conroe, TX 77306
      View Details
    • Value Estimation by Request
      15.00 Acres

      10173 Crockett Martin Rd

      Land • 15.00 Acres
      10173 Crockett Martin Rd, Conroe, TX 77306
      View Details

    Similar Nearby for Sale

    • $299,000
      1,344 SF

      Unrestricted Land East of I-45

      Unrestricted 11.489 acres with potential east of I-45.
      11404 Metts Rd, Conroe, TX 77306
      View Details
    • $1,230,000

      Unrestricted Land with Multiple Features

      29+/- acres of unrestricted land with ponds and barns.
      17801 Nonesuch Rd, Conroe, TX 77306
      View Details
    • $449,900

      Unrestricted Land Near FM 1485

      Almost 5 unrestricted acres ideal for farming or business.
      10690 Waukegan Rd, Conroe, TX 77306
      View Details
    • $890,000
      4,000 SF

      Spacious Land with Large Warehouse

      11.974 acres with warehouse, pond, and utilities near development.
      18380 Blackberry Rd, Conroe, TX 77306
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available Near Highway 105

      Unrestricted land near Conroe with highway access and no floodplain.
      10696 Waukegan Rd, Conroe, TX 77306
      View Details
    • $1,850 /Mo

      Immaculate Home on Gated Property

      Home on gated property with included utilities and lawn care.
      17980 Fm 2090 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      High-Traffic Land Parcel For Sale

      Land parcel ideal for retail, located in an Opportunity Zone.
      14465 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with flexible layouts, modern amenities, and ample parking.
      11099 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Conroe Climate Controlled Warehouse

      7,000 SF climate-controlled warehouse on 1 acre for sale.
      1544 Jefferson Chemical Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Conroe Retail & Equestrian Property

      Property with multiple buildings, arena, and redevelopment potential.
      14389 Fm 1485 Rd, Conroe, TX 77306
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Petty Walker Ln
    Conroe, TX 77306
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!