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Property profile & analytics
OFF-MARKET
Land

19945 Tx-242 Conroe, TX 77306

36.23 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 36.234-acre unrestricted land parcel presents a remarkable investment opportunity in Conroe, Texas. Strategically located on high-traffic State Highway 242, this property boasts an impressive 1165 feet of frontage, providing excellent visibility and accessibility. Multiple access points from Hwy 242, Deer Ridge Drive, and Firetower Road enhance its versatility. The land is zoned for both commercial and residential development, offering a wide range of potential uses. Its prime location provides convenient access to major thoroughfares, including Hwy 99 and Hwy 59, facilitating seamless commutes. Nearby amenities include the Grand Texas Theme Park (6 miles), Valley Ranch Town Center and Grand Parkway (12 minutes), and Houston and George Bush Intercontinental Airport (20 minutes). The property's high-growth area ensures strong future appreciation potential. The seller is willing to consider dividing the land, offering flexibility for various development scenarios. The asking price is $7,200,000, with a land value of $3.30 per square foot. The property's APN is 0419-00-04770. This is an exceptional opportunity to acquire a substantial tract of land in a rapidly developing area with excellent connectivity and diverse development possibilities.

Property profile
Verified
Property type Land
Lot 36.23 ac (1,578,353 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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