Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Koenig Ln Shenandoah, TX 77384
    Property profile & analytics

    Koenig Ln, Shenandoah, TX 77384

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Koenig Ln

    Property type
    Land

    Description

    This exceptional 42-acre commercial land parcel presents a unique investment opportunity in Conroe, Texas, a rapidly growing city boasting approximately 60% growth over the past decade. Strategically located off Koenig Road and FM 1488, this property enjoys convenient access to IH 45 and 1488. All essential public utilities—water, sewer, electricity, gas, and cable—are readily available on-site. The land is fully zoned for residential development by the City of Conroe, with completed infrastructure including a sanitary sewer main trunk line, two detention ponds, and drainage channels. Access points are available from Koenig Road and Pine Acres Road. Situated within the Conroe Independent School District, this property avoids Municipal Utility District (MUD) incorporation, resulting in significantly lower property taxes compared to adjacent developed land. The site is served by substantial 8-inch water and sewer lines, capable of supporting up to 172 residential lots. Conceptual plans indicate a potential yield of approximately 126-129 residential lots, incorporating all necessary detention and landscaping per City of Conroe specifications. The property is zoned for Bush Elementary, McCullough Junior High, and The Woodlands High School. The FEMA flood zone designation is "X" in Montgomery County, TX.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shenandoah
    County
    Montgomery
    State
    Texas
    Longitude
    -95.477
    Latitude
    30.2261

    Comparable in this City

    • Value Estimation by Request

      2520 Farm To Market Rd

      Land
      2520 Farm To Market Rd, Conroe, TX 77384
      View Details
    • Value Estimation by Request
      2.00 Acres

      2 Acres Loop

      Land
      2 Acres Loop, Conroe, TX 77384
      View Details
    • Value Estimation by Request
      1.56 Acres

      2790 Fm 1488 Rd

      Land
      2790 Fm 1488 Rd, Conroe, TX 77384
      View Details
    • Value Estimation by Request
      4.14 Acres

      Horseshoe Bnd

      Land
      0 Horseshoe Bnd, Conroe, TX 77384
      View Details
    • Value Estimation by Request

      Nwq I-45 & Wellman Rd

      Land
      0 Nwq I-45 & Wellman Rd, Shenandoah, TX 77384
      View Details
    • Value Estimation by Request
      3.61 Acres

      I-45 Conroe

      Land
      I-45 Conroe, The Woodlands, TX 77384
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Conroe Land For Sale

      2.5 acres of land in Conroe, Texas for sale.
      14200 Horseshoe Bnd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Unrestricted Land Parcel Near Woodlands

      45-acre unrestricted tract near Woodlands schools and future road expansion.
      14051 Old Conroe Rd, Conroe, TX 77384
      View Details
    • $6,200,000

      Prime Land Near The Woodlands

      6.11 acres of land near The Woodlands and I-45.
      1120 Wellman Rd, Conroe, TX 77384
      View Details
    • $2,400,000
      4,934 SF

      Conroe Estate with Stocked Pond

      Custom estate on 10.64 acres with pond and pool.
      15598 Bedford Ln, Conroe, TX 77384
      View Details
    • Contact for pricing

      High-Traffic FM 1488 Land

      Land near I-45 and The Woodlands.
      332 Fm 1488 Rd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Magnolia Land with FM 1488 Access

      2.5-acre land parcel with high traffic count and no zoning.
      Bridlewood Dr & Saddlewood Dr, Magnolia, TX 77384
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,563 SF

      Conroe Office/Flex Space Available

      Private office/flex space with classroom, kitchen, and private bathroom.
      3115 College Park Dr, Conroe, TX 77384
      View Details
    • Contact for pricing
      8,582 SF

      Healthcare Property in The Woodlands

      Healthcare property available for lease in The Woodlands, Texas.
      17521 St Way Luke's, The Woodlands, TX 77384
      View Details
    • Contact for pricing

      Office/Medical Building Near Woodlands

      75,000 SF office/medical building near The Woodlands Hospitals.
      128 Vision Park Blvd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      3707 College Park Dr, Conroe, TX 77384
      View Details
    • Contact for pricing
      3,533 SF

      Shenandoah Office Space For Rent

      Office space available for lease in Shenandoah, Texas.
      128 Vision Park Blvd, Shenandoah, TX 77384
      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.
    Koenig Ln
    Shenandoah, TX 77384
    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

    Thank You for Inquiry
    Koenig Ln, Shenandoah, TX, 77384
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!