Property profile

I-45 & Fm 3083 Dallas, TX 75287

OFF-MARKET
Retail properties & Spaces
16,428 SF
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Property summary

AI-generated overview

Teas Crossing, a retail center in Dallas County, Texas, offers an exceptional investment opportunity. Located at the Northwest corner of I-45 and FM 3083 in Conroe, this property benefits from its strategic position within a rapidly growing regional retail hub. The center comprises a total of 16,428 square feet across 13 suites, with 12 currently available for lease. Individual spaces range from a minimum of 1,159 square feet to a maximum contiguous area of 3,074 square feet. A significant 12,551 square feet of vacant space presents a prime opportunity for expansion or multiple tenant occupancy. The property sits on a sizable lot ranging from 0.96 to 1.65 acres. This location is ideally situated near major roadways, providing excellent accessibility and visibility. The area is experiencing substantial growth, with Conroe's population expanding significantly. The development is part of a larger project, Phase I anchored by established businesses like JC Penney and CHI St. Luke's Health, and with Phase II planned to add approximately 500,000 square feet. Proximity to Lake Conroe and Conroe-North Houston Regional Airport further enhances its appeal. This is a rare chance to secure retail space in a thriving market with strong potential for return on investment. The zip code is 75287.

Property profile

Verified
Property type Retail properties & Spaces
Total area 16,428 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

I-45 & Fm 3083 Dallas, TX 75287
Dallas metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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