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Property profile & analytics
OFF-MARKET
Land

14051 Old Conroe Rd Conroe, TX 77384

60 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 60 ac (2,613,600 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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