Property profile

2121 Timber Ln Conroe, TX 77301

OFF-MARKET
Retail properties & Spaces
4,500 SF 0.5 ac lot
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Property summary

AI-generated overview

This exceptional retail investment property, located at 2121 Timber Ln, Conroe, TX 77301, offers a 4,500 square foot, single-tenant storefront building on a half-acre lot. The Class B building, renovated in 2022, boasts 100% occupancy with a well-established local tenant since 2004, currently operating under a modified lease with 1.9 years remaining and a 3-year option. The property generates a net operating income (NOI) of $110,000. Strategically positioned just half a mile from IH-45 and 150 feet from North Loop 336 West, it benefits from high visibility and significant traffic counts exceeding 25,000 vehicles daily. Ample parking is provided with a 7:1 ratio (approximately 30 spaces). This single-story building is situated in an opportunity zone, adding further investment appeal. The lease commenced November 1, 2023, and expires November 1, 2026. The property's prime location and strong tenant history make it an attractive investment opportunity in Conroe, Texas, a city recognized for its rapid growth.

Property profile

Verified
Property type Retail properties & Spaces
Total area 4,500 SF
Lot 0.5 ac (21,780 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Discount Store
  • Travel Agency
  • Department Store

Location

2121 Timber Ln Conroe, TX 77301
Conroe metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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