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

    1015 Lewis St Conroe, TX 77301-2219

    • Office buildings
    • 912 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence
    Property ID
    US83-2329013
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • K V Electric / Electrician

    Property Details for 1015 Lewis St

    Year built
    1950
    Construction
    FRAME
    Lot size
    0.17 lot acres
    Property size
    912 SF
    Zone code
    1
    Property type
    Office buildings
    APN
    5340-00-02900
    APU
    53400002900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $165,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4669
    Latitude
    30.3148
    CBSA code
    26420
    CBSA name
    HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $1,731
    $15,000
    $75,320
    $90,320
    -
    $15,000
    $75,320
    $90,320

    Comparable in this City

    • Value Estimation
      $1,020,000
      71,606 SF

      100 Interstate 45th N

      OFFICE BUILDING • 71,606 SF
      100 Interstate 45th N, Conroe, TX 77301-2890
      View Details
    • Value Estimation
      $525,000
      88,910 SF

      300 Davis St

      OFFICE BUILDING • 88,910 SF
      300 Davis St, Conroe, TX 77301-2803
      View Details
    • Value Estimation
      $475,000
      12,000 SF

      12361 Fm 3083rd Rd

      OFFICE BUILDING • 12,000 SF
      12361 Fm 3083rd Rd, Conroe, TX 77301-6115
      View Details
    • Value Estimation
      $320,000
      2,100 SF

      117 Simonton St

      OFFICE BUILDING • 2,100 SF
      117 Simonton St, Conroe, TX 77301
      View Details
    • Value Estimation
      $220,000
      2,400 SF

      225 Simonton St

      OFFICE BUILDING • 2,400 SF
      225 Simonton St, Conroe, TX 77301-2863
      View Details
    • Value Estimation
      $450,000
      13,550 SF

      100 1st St

      OFFICE BUILDING • 13,550 SF
      100 1st St, Conroe, TX 77301-3646
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,000 SF

      Class A Mixed-Use Building

      30,000 SF mixed-use building in downtown Conroe, TX.
      400 W Davis St, Conroe, TX 77301
      View Details
    • Contact for pricing
      52,196 SF

      Conroe Office Building For Sale

      Three-story office building with ample parking and backup generator.
      350 S Loop 336 W, Conroe, TX 77301
      View Details
    • $895,000
      6,818 SF

      Renovated Office Building in Conroe

      Fully renovated office building in Downtown Conroe, completed in 2025.
      729 N Frazier St, Conroe, TX 77301
      View Details
    • $500,000
      2.00 Acres

      Conroe Mixed-Use Land Investment

      2-Acre Tract, High-Growth Area
      1431 Fm 3083 Rd, Conroe, TX 77301
      View Details
    • Contact for pricing
      12,811 SF

      Conroe Retail/Warehouse Space

      12,811 SF, Hwy 105 E. location
      2751 Davis St, Conroe, TX 77301
      View Details
    • $400,000
      2,592 SF

      Conroe Flex Space - $400K

      Prime Conroe location, high-traffic area, flexible use.
      1614 Frazier St, Conroe, TX 77301
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      23,040 SF

      Conroe Commons: Prime Retail Space

      Class A retail, office, restaurant space in booming Conroe, TX.
      0 League Line Rd, Conroe, TX 77301
      View Details
    • $27 SF/Yr
      10,400 SF

      Carter Building: Conroe Office Space

      Downtown Conroe Office/Retail, 7 Suites Available
      336 Main St, Conroe, TX 77301
      View Details
    • $1,250 /Mo
      240 SF

      Conroe Office Space For Rent

      Office space with amenities available for rent in Conroe, TX.
      223 Simonton St, Conroe, TX 77301
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Conroe Office Suites

      Prime location, modern amenities, flexible spaces.
      221 Simonton St, Conroe, TX 77301
      View Details
    • $13 SF/Yr
      42,231 SF

      Adaptable Office-Warehouse Flex Spaces

      Versatile office-warehouse units in Conroe, TX, ranging from 1,726-13,834 SF.
      2007 Airport Rd, Conroe, TX 77301
      View Details
    • $9 SF/Yr
      4,500 SF

      Conroe Flex Space Available

      Versatile flex space in Conroe with office and shop areas.
      1504 S Frazier St, Conroe, TX 77301
      View Details
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    1015 Lewis St
    Conroe, TX 77301-2219
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    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
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