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Property profile & analytics
OFF-MARKET
Land

0 Adkins St Conroe, TX 77301

4.29 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 4.29-acre residential land parcel in Conroe, Texas (Montgomery County, zip code 77301), presents a unique development opportunity. Priced at $1,500,000 ($8/sq ft), this fee simple property offers the flexibility to build either 24 duplexes or 24 single-family homes. Preliminary plat approval is in place, anticipating final civil and tree preservation plan approvals within 60-90 days. The land is partially cleared and accessible for viewing. Each lot, averaging 22.50 x 130 feet (approximately 2,925 square feet), will be individually platted and front a public road. Preliminary sketches illustrate potential duplex designs, each unit offering approximately 1,150 square feet with three bedrooms and two bathrooms. The property's potential for high rental income is significant, with market rates exceeding $1,500 per unit. The development could be gated for enhanced privacy. Horizontal construction will be the responsibility of the purchaser. This is a build-to-sell or build-to-rent opportunity, providing considerable investment potential. The property is located at Adkins St, Conroe, TX 77301. Note that Conroe has no zoning restrictions.

Property profile
Verified
Property type Land
Lot 4.29 ac (186,872 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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