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    OFF-MARKET
    Retail properties & Spaces

    I-45 & Fm 3083, Dallas, TX 75287

    16,428 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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