Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12198 Hwy 105th E Conroe, TX 77306-5303
    Back to Search
    Property profile & analytics

    12198 Hwy 105th E Conroe, TX 77306-5303

    View on Map
    • Auto shops
    • 4,920 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Dec 11, 2020
    Property ID
    US83-2404808
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alarcon Appliances / Home Appliance Store / Hardware & Home Improvement

    Property Details for 12198 Hwy 105th E

    Year built
    1973
    Lot size
    0.46 lot acres
    Property size
    4,920 SF
    Zone code
    1
    Property type
    Auto shops
    APN
    3450-00-12900
    APU
    34500012900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.3876
    Latitude
    30.326
    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
    $11,822
    $40,010
    $689,630
    $729,640
    -
    $40,010
    $689,630
    $729,640

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      16340 Fm 1485th Rd

      AUTO REPAIR, GARAGE • 1,360 SF
      16340 Fm 1485th Rd, Conroe, TX 77306-8938
      View Details
    • Value Estimation
      $1,190,000
      28,352 SF

      11635 Hwy 105th E

      AUTO REPAIR, GARAGE • 28,352 SF
      11635 Hwy 105th E, Conroe, TX 77306-5371
      View Details
    • Value Estimation
      $540,000
      12,090 SF

      14421 Hwy 105th E

      AUTO REPAIR, GARAGE • 12,090 SF
      14421 Hwy 105th E, Conroe, TX 77306-5358
      View Details
    • Value Estimation by Request
      1,026 SF

      17639 Hwy 105th E

      AUTO REPAIR, GARAGE • 1,026 SF
      17639 Hwy 105th E, Conroe, TX 77306-5911
      View Details
    • Value Estimation
      $560,000
      5,598 SF

      12762 Hwy 105th E

      AUTO REPAIR, GARAGE • 5,598 SF
      12762 Hwy 105th E, Conroe, TX 77306-5309
      View Details
    • Value Estimation by Request
      2,080 SF

      14250 Fm 1485th Rd

      AUTO REPAIR, GARAGE • 2,080 SF
      14250 Fm 1485th Rd, Conroe, TX 77306-8374
      View Details

    Similar Nearby for Sale

    • $295,999

      2.4 Acre Corner Lot Opportunity

      2.4 acres suitable for gas station, restaurant, multi-family use.
      19098 Fm 2090 Rd, Conroe, TX 77306
      View Details
    • $1,495,000
      2,587 SF

      Operational Car Wash Near Lake Conroe

      2,786 SF car wash facility on nearly half an acre.
      14440 W Highway 105 W, Conroe, TX 77306
      View Details
    • Contact for pricing
      1,089,000 SF

      FM 1485 Frontage Land

      Land with frontage near Hwy 242 and I-69.
      16410 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing
      104,544 SF

      2.4-Acre Retail Land For Sale

      2.4-acre retail land available for purchase.
      14465 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • $299,000

      Unrestricted Land in Conroe, Texas

      1.5 acres of unrestricted land suitable for commercial or residential use.
      11931 Crockett Martin Rd, Conroe, TX 77306
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with flexible layouts, modern amenities, and ample parking.
      11099 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Conroe Retail & Equestrian Property

      Property with multiple buildings, arena, and redevelopment potential.
      14389 Fm 1485 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Conroe Climate Controlled Warehouse

      7,000 SF climate-controlled warehouse on 1 acre for sale.
      1544 Jefferson Chemical Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      Land Available Near Highway 105

      Unrestricted land near Conroe with highway access and no floodplain.
      10696 Waukegan Rd, Conroe, TX 77306
      View Details
    • $1,850 /Mo

      Immaculate Home on Gated Property

      Home on gated property with included utilities and lawn care.
      17980 Fm 2090 Rd, Conroe, TX 77306
      View Details
    • Contact for pricing

      High-Traffic Land Parcel For Sale

      Land parcel ideal for retail, located in an Opportunity Zone.
      14465 Fm 1485 Rd, Conroe, TX 77306
      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.
    12198 Hwy 105th E
    Conroe, TX 77306-5303
    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

    Thank You for Inquiry
    12198 Hwy 105th E, Conroe, TX, 77306
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!