Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    I-45 And Teas Nursery Rd Conroe, TX 77304
    Property profile & analytics

    I-45 And Teas Nursery Rd Conroe, TX 77304

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

    Current Use by Public Records

    • Land

    Property Details for I-45 And Teas Nursery Rd

    Lot size
    60.00 lot acres
    Property type
    Land

    Description

    Exceptional 60-acre commercial land opportunity in Conroe, Texas, situated at the high-traffic intersection of I-45 and Teas Nursery Road. This prime parcel is part of the 115-acre Conroe Waterfront Center, a master-planned mixed-use development in the thriving north Houston submarket. The property boasts excellent visibility and accessibility to major thoroughfares, with utilities readily available. Its natural landscape provides a beautiful setting for a variety of commercial uses, including office, medical, restaurant, hospitality, and retail establishments. The location benefits from adjacency to Conroe Market Place, a successful retail power center anchored by national retailers such as Kohl's, Ashley Furniture, Old Navy, and PetSmart, ensuring high foot traffic and brand synergy. This development features several recently completed and ongoing road construction projects, further enhancing accessibility and visibility. This is an unparalleled chance to establish a thriving business in a rapidly growing area with strong existing infrastructure and a vibrant retail environment. The property is located in Montgomery County, Texas, with a zip code of 77304.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4762
    Latitude
    30.3399

    Comparable in this City

    • Value Estimation by Request
      8.79 Acres

      13262 Tx-105

      Land • 8.79 Acres
      13262 Tx-105, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      34.50 Acres

      I-45N Of Fm 3083

      Land • 34.50 Acres
      I-45N Of Fm 3083, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      5.00 Acres

      5 Acres Loop

      Land • 5.00 Acres
      5 Acres Loop, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      1.00 Acre

      336 E & Hwy

      Land • 43,639 SF
      336 E & Hwy, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      19.58 Acres

      3083 Graystone Mnr Dr

      Land • 19.58 Acres
      3083 Graystone Mnr Dr, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      1.72 Acres

      Little Egypt Rd

      Land • 1.72 Acres
      0 Little Egypt Rd, Conroe, TX 77304
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Conroe Land Tract For Sale

      Approximately 28.394-acre tract in Conroe, prime location for development.
      2174 N Farm To Market 3083 Rd W, Conroe, TX 77304
      View Details
    • Contact for pricing

      Unrestricted Land Near Conroe High

      8.97 acres of unrestricted land with high-traffic frontage.
      W Semands Ave, Conroe, TX 77304
      View Details
    • $599,000
      3 SF

      Conroe Land For Sale

      3 acres of land available in Conroe, Texas.
      1100 Old Magnolia Rd, Conroe, TX 77304
      View Details
    • Contact for pricing
      22.00 Acres

      Conroe, TX Development Land

      ±22 Acres, Prime Residential Location
      10594 League Line Rd, Conroe, TX 77304
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Conroe Freestanding Building for Lease

      8,968 SF building on 2.1 acres in Conroe, Texas.
      2101 S Loop 336 W, Conroe, TX 77304
      View Details
    • Contact for pricing

      1.30 AC Pad Site

      Commercial land for lease with high traffic exposure.
      1419 N Loop 336 W, Conroe, TX 77304
      View Details
    • Contact for pricing

      Retail Space in Conroe, TX

      Retail location in master-planned Grand Central Park community.
      1761 S Loop 336 W, Conroe, TX 77304
      View Details
    • Contact for pricing

      Class A Medical Office Space

      New medical office space near HCA Houston Healthcare Conroe.
      1020 Riverwood Ct, Conroe, TX 77304
      View Details
    • Contact for pricing

      Conroe Office Suites For Rent

      Office suites available in Conroe, Texas near I-45.
      2912 W Davis St, Conroe, TX 77304
      View Details
    • $21 SF/Yr
      14,450 SF

      Conroe Office Space For Lease

      1,700 SF office space with included utilities and internet.
      3032 North Frazier St, Conroe, TX 77304
      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.
    I-45 And Teas Nursery Rd
    Conroe, TX 77304
    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
    I-45 And Teas Nursery Rd, Conroe, TX, 77304
    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!