Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14051 Old Conroe Rd Conroe, TX 77384

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14051 Old Conroe Rd Conroe, TX 77384

    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 14051 Old Conroe Rd

    Lot size
    60.00 lot acres
    Property type
    Land

    Description

    This exceptional 60-acre unrestricted tract presents a unique investment opportunity in Conroe, Texas. Located at 14051 Old Conroe Rd, Montgomery County, zip code 77384 (APN: 0019-00-00400), this property boasts a strategic location along the Old Conroe Rd corridor, just three miles north of FM 1488. The land is ideally situated within the sought-after Woodlands school district and directly adjoins a future Conroe ISD elementary school site. Significant infrastructure improvements are planned, including the extension of Old Conroe Rd from FM 1488 to Loop 336, enhancing accessibility and connectivity. This project will create a bridge over the West Fork of the San Jacinto River and Lake Creek, connecting Sgt. Ed Holcombe Blvd and Old Conroe Rd, directly benefiting this property. The area is experiencing substantial growth, with recent residential and commercial developments such as River's Edge (DR Horton), Fosters Ridge (Legend Homes), Marcel Town Center, and Cottage Green nearby. The property features good drainage to the north and utilities are accessible via an adjoining MUD district, pending annexation. The asking price is $15,681,600, with a land value of $6 per square foot. The property's unrestricted nature allows for diverse development possibilities, with potential uses including residential (for the larger 60-acre portion) and retail (for smaller, divisible 5-acre parcels). The property has high-quality select fill and minimal 500-year floodplain along the northern boundary. This is one of the last remaining large unrestricted parcels in the area not controlled by Howard Hughes. The Old Conroe Road extension is anticipated to commence soon.

    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
    -95.5072
    Latitude
    30.2604

    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

      Koenig Ln

      Land
      0 Koenig Ln, Shenandoah, TX 77384
      View Details
    • Value Estimation by Request
      3.61 Acres

      I-45 Conroe

      Land • 3.61 Acres
      I-45 Conroe, The Woodlands, 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
      2.00 Acres

      2 Acres Loop

      Land • 2.00 Acres
      2 Acres Loop, Conroe, TX 77384
      View Details
    • Value Estimation by Request
      1.56 Acres

      2790 Fm 1488 Rd

      Land • 1.56 Acres
      2790 Fm 1488 Rd, Conroe, TX 77384
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Conroe, TX

      Land available for sale in Conroe, Texas.
      TX-336 Loop Rd, Conroe, TX 77384
      View Details
    • 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
    • $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

      Conroe Land on Loop 336

      Versatile land ideal for development in Conroe, Texas.
      2 Acres Loop, Conroe, TX 77384
      View Details

    Similar Nearby for Lease

    • 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
      10,432 SF

      Medical Office Building For Rent

      Class A medical office building in The Woodlands, Texas.
      129 Vision Park Blvd, The Woodlands, TX 77384
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      Class A medical office space available in The Woodlands.
      17450 St Lukes Way, Conroe, TX 77384
      View Details
    • Contact for pricing

      Medical/Office Condo Suite For Rent

      Medical/office condo suite in The Woodlands available for rent.
      150 Pine Forest Dr, The Woodlands, TX 77384
      View Details
    • $31 SF/Yr

      Retail Space For Lease

      Retail space available for lease, approximately 2,700 square feet.
      2400 Farm To Market Rd 1488, The Woodlands, TX 77384
      View Details
    • $9,999 /Mo

      Horse Farm with Arena

      13.63 acre horse farm with 21 stalls for rent.
      15715 Old Conroe Rd, Conroe, 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.
    14051 Old Conroe Rd
    Conroe, 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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!