I-45 Fm 3083 Rd Conroe, TX 77303
Teas Plaza presents a unique investment opportunity in the thriving retail hub of North Conroe, Texas. This commercial property, located at the northeast corner of I-45 and FM 3083 in Montgomery County (zip code 77303), offers a total of 110,099 square feet of retail space across two suites, currently entirely vacant. The minimum divisible space is 52,786 square feet, with a maximum contiguous space of 57,313 square feet. The property sits on a sizable lot ranging from 1.21 to 1.32 acres. Its strategic location benefits from high visibility and accessibility due to its proximity to major roadways, including I-45 and FM 3083. This prime location places the property at the heart of a regional retail center, anchored by established businesses such as JC Penney and CHI St. Luke’s Health. The ongoing development, including a planned Phase II expansion that will add approximately 500,000 square feet, further enhances the property's long-term potential. The area's strong demographics and proximity to both The Woodlands and Dallas, along with Lake Conroe and Conroe-North Houston Regional Airport, create a compelling investment case. This property is ideally suited for a large-scale retailer or a multi-tenant development seeking a prominent location in a rapidly growing market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.