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    Property profile & analytics

    Pine Lake Rd Montgomery, TX 77356

    • Lifestyle centers
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Pine Lake Rd

    Lot size
    1.00 lot acres
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional mixed-use development opportunity boasts 1-13 acres of land situated on Highway 105 West in Conroe, Texas, zip code 77356, within Montgomery County MUD 138. The property offers unparalleled waterfront access and stunning views of Lake Conroe. Its strategic location provides visibility and accessibility, making it ideal for a diverse range of commercial ventures. The site features a tiered elevation landscape and includes 11 pads ready for development. This property is perfectly positioned to capitalize on the significant residential growth in the area. The adjacent Pine Lake Cove subdivision, currently under construction by Meritage Homes, will add nearly 200 homes in Phase I, with plans for an additional 900+ homes in future phases. Potential uses include, but are not limited to, marina development with docks and boat ramps, restaurants and entertainment venues, retail and shopping centers, medical facilities, self-storage units, and multifamily residential buildings. This is a rare opportunity to acquire a substantial mixed-use property in a rapidly expanding market with exceptional lakefront appeal. The property's location in Montgomery County, Texas, ensures access to a thriving community and robust infrastructure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.6337
    Latitude
    30.3714

    Comparable in this City

    • Value Estimation by Request
      14,490 SF

      308 John A Butler St

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    • Value Estimation by Request
      8,481 SF

      18787 Highway 105

      Lifestyle centers • 8,481 SF
      18787 Highway 105, Montgomery, TX 77356
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    • Value Estimation by Request
      2.66 Acres

      22016 Eva St

      Restaurants • 2.66 Acres
      22016 Eva St, Montgomery, TX 77356
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    • Value Estimation by Request
      4,500 SF

      22453 Fm 1097 Rd

      Restaurants • 4,500 SF
      22453 Fm 1097 Rd, Montgomery, TX 77356
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    • Value Estimation by Request
      2,412 SF

      21012 Eva St

      Churches & religious facilities • 2,412 SF
      21012 Eva St, Montgomery, TX 77356
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    • Value Estimation by Request
      50,000 SF

      18390 Fm 1097 Rd

      Restaurants • 50,000 SF
      18390 Fm 1097 Rd, Montgomery, TX 77356
      View Details

    Similar Nearby for Sale

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      27,075 SF

      Lake Conroe Retail Center

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      Chateau Ranch Estate: Montgomery, TX

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    • $340,000

      Waterfront Condo with Lake Views

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      Lake Conroe Waterfront Condo

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      Lakeview Condo with Private Balcony

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      Lake Conroe Waterfront Condo

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    Similar Nearby for Lease

    • $22 SF/Yr
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      Waterstone Plaza: Suites Available

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      15,945 SF

      Waterpoint Office Suites, Montgomery TX

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      19,554 SF

      Village Square Retail Space, Montgomery, TX

      Prime Retail Space, Walmart Shadow Anchored
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      Walden Road Retail Space For Lease

      High-Visibility Retail Space in Montgomery, TX
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    • $14 SF/Yr
      96,504 SF

      Lockaway 105 Business Park: Conroe, TX

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      1,320 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and ample parking.
      15295 Highway 105, Montgomery, TX 77356
      View Details
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    Pine Lake Rd
    Montgomery, TX 77356
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    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
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