0 Fm 3083 Rd Conroe, TX 77302
Grangerland Meadows presents a unique opportunity to acquire 82 acres of entitled mixed-use land in Conroe, Texas. This prime location, situated approximately eight miles southeast of Conroe in the rapidly growing Grangerland area, offers exceptional potential for retail or multifamily development. The property boasts nearly half a mile of frontage on FM 3083 and is conveniently located within walking distance of four Conroe Independent School District (CISD) schools, with two additional schools within a one-mile radius. This strategic positioning benefits from the proximity to the 400-acre Granger Pines residential neighborhood, currently under development with over 1,300 single-family homes and an additional Meritage Homes subdivision of approximately 330 homes. Infrastructure is well-established, including a TXDOT-approved lighted intersection and annexation into MUD 173 with a water provider already in place. Phase I engineering is complete, and the property is master-planned for seamless development. Importantly, the site is outside of the 100 and 500-year floodplains. The lot sizes range from one to 12.8 acres, providing flexibility for various development scenarios. This exceptional opportunity is further enhanced by its location within an Opportunity Zone, offering significant tax advantages. The property's combination of location, infrastructure, and zoning makes it an ideal investment for developers seeking a thriving community with strong growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.