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Property profile & analytics
OFF-MARKET
Shopping malls

10463 Tx-242 Conroe, TX 77385

1 SF 2.18 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 10463 TX-242 in Conroe, Texas, 77385, offers a prime retail and office space opportunity. The property boasts two single-story buildings totaling 1 square foot, with a maximum contiguous space of 11,000 square feet. Currently, 2,450 square feet are available for lease. Built in 2022, this property sits on 2.182 acres of land at the highly visible northwest corner of Highway 242, enjoying exposure to over 40,000 vehicles daily. Its strategic location at the entrance to Gerald D. Irons Jr. High School (1,088 students) ensures high traffic and visibility. The property benefits from its proximity to a thriving H-E-B anchored shopping center, featuring popular retailers such as Twin Liquors, True Texas BBQ, Valvoline, Regions Bank, and Crust Pizza. Furthermore, it's adjacent to several new and upcoming businesses including Wendy's, Blue Wave Car Wash, Take 5, O'Reilly Auto Parts, YES Fitness, Subway, Verizon, and Starbucks. Easy access to Interstate 45 provides excellent connectivity. Lease rates range from $29.00 to $35.00 per square foot, plus NNN charges. This property is ideal for businesses seeking high visibility and convenient access in a rapidly growing area. The property is classified as both traditional office and medical office space, and is suitable for multiple tenants.

Property profile
Verified
Property type Shopping malls
Year built 2022
Total area 1 SF
Lot 2.18 ac (95,048 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
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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