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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

I-45 Fm 3083 Rd Conroe, TX 77303

110,099 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 110,099 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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