Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Ed Kharbat Dr The Woodlands, TX 77380

    • Land
    • 17.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ed Kharbat Dr

    Lot size
    17.00 lot acres
    Property type
    Land

    Description

    This ±17-acre commercial land parcel is situated on Ed Kharbat Drive in Conroe, Texas, between Foster Drive and Loop 336 South, just 1.8 miles east of I-45. The property boasts approximately 120 feet of frontage on Kharbat Drive and is less than 0.5 miles south of Loop 336 North. Located within Conroe city limits, this site offers significant mixed-use commercial development potential. It benefits from its location in the CCO Tax Increment Reinvestment Zone #3, providing potential tax advantages. Nearby amenities include the newly constructed Conroe 336 Marketplace, a 211,677 square foot power center located 5 miles south, and the Conroe-North Houston Regional Airport (formerly Lone Star Executive Airport), only 6.5 miles away. While a portion of the property falls within the 100-year floodplain and floodway (per FEMA), city utilities are available. The asking price is $1,184,135, with a land value of $1.60 per square foot. This presents a unique opportunity for investors and developers seeking a strategically located commercial property in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    The Woodlands
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4673
    Latitude
    30.1262

    Comparable in this City

    • Value Estimation by Request
      1.16 Acres

      713 Sawdust Rd

      Land • 1.16 Acres
      713 Sawdust Rd, The Woodlands, TX 77380
      View Details
    • Value Estimation by Request
      5.00 Acres

      25522 Mcdonald Rd

      Farms • 5.00 Acres
      25522 Mcdonald Rd, Spring, TX 77380
      View Details
    • Value Estimation by Request
      6.17 Acres

      Sawdust Rd

      Farms • 6.17 Acres
      0 Sawdust Rd, Spring, TX 77380
      View Details
    • Value Estimation by Request
      6.74 Acres

      510 Westridge Dr

      Land • 6.74 Acres
      510 Westridge Dr, Spring, TX 77380
      View Details
    • Value Estimation by Request
      2.10 Acres

      1226 Sawdust Rd

      Lifestyle centers • 2.10 Acres
      1226 Sawdust Rd, Spring, TX 77380
      View Details
    • Value Estimation
      $1,295,000
      7,900 SF

      2000 Woodlands Pkwy

      COMMERCIAL (GENERAL) • 7,900 SF
      2000 Woodlands Pkwy, The Woodlands, TX 77380-1342
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6.74 Acres

      Prime Spring, TX Commercial Land

      6.74 Acres, Excellent Location
      510 Westridge Dr, Spring, TX 77380
      View Details
    • Contact for pricing

      Land Available in Spring, TX

      Approximately 7.3 acres of land in Spring, Montgomery County.
      Budde Rd, Spring, TX 77380
      View Details
    • Contact for pricing
      2.10 Acres

      Sawdust Road Retail Center Opportunity

      Prime Spring, TX Retail Land, Two Pads Available
      1226 Sawdust Rd, Spring, TX 77380
      View Details
    • $100,000

      Land with Utilities in Spring

      Land with electrical, water, and gas in Spring, Texas.
      Spring Creek Dr, Spring, TX 77380
      View Details
    • $1,500,000
      1.38 Acres

      Naperville Retail Space Available

      Prime Naperville Strip Center, Multiple Spaces
      1118 Sawdust Rd, Spring, TX 77380
      View Details
    • $1,500,000
      1 SF

      Unrestricted Land with Office, Warehouse

      1.382 acres with office, warehouse near The Woodlands.
      1118 Sawdust Rd, The Woodlands, TX 77380
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      5,200 SF

      Woodpark Shopping Center Retail Space

      Spring, TX retail space available. High traffic, strong anchors.
      25415 Interstate 45, Spring, TX 77380
      View Details
    • Contact for pricing
      2,500 SF

      The Woodlands Office Suites

      Prime Office Space, Flexible Sizes
      2001 Timberloch Pl, Spring, TX 77380
      View Details
    • Contact for pricing
      34,017 SF

      Sawdust Center Retail Space for Lease

      Spring, TX Retail Center - High Traffic Area
      525 Sawdust Rd, Spring, TX 77380
      View Details
    • $16 SF/Yr
      6,851 SF

      Pines Crossing Executive Suites

      Modern Executive Offices in The Woodlands
      431 Nursery Rd, The Woodlands, TX 77380
      View Details
    • $93 SF/Yr
      16,249 SF

      The Woodlands Executive Suites

      Premium Office Space in Hughes Landing
      1790 Hughes Landing Blvd, The Woodlands, TX 77380
      View Details
    • $90 SF/Yr
      14,688 SF

      The Woodlands Executive Suites

      Prime Office Space in The Woodlands, TX
      21 Waterway Ave, Spring, TX 77380
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Ed Kharbat Dr
    The Woodlands, TX 77380
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.