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    Property profile & analytics

    12824 Highway 105 Conroe, TX 77304

    • Commercial real estate
    • 35.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2299738
    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

    • Commercial real estate

    Property Details for 12824 Highway 105

    Lot size
    35.94 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 35.94-acre commercial property, located at 12824 Highway 105 West in Conroe, Texas, presents a unique investment opportunity. Situated near shopping centers and adjacent to the West Fork of the San Jacinto River, this expansive parcel offers a blend of accessibility and natural beauty. The property currently includes a warehouse and pavilion, providing flexibility for various uses or potential repurposing. Architectural drawings are available for a 55+ community, encompassing an assisted living facility, golf course, and nature trails leading to the river. This detailed plan offers a strong foundation for a vibrant senior living development. The land is ideal for residential redevelopment, multi-family housing, or assisted living facilities, providing ample space for a large-scale project. Importantly, the property has passed two Texas Commission on Environmental Quality (TCEQ) inspections, ensuring environmental compliance. Priced at $2,575,000, this property offers significant potential for growth and return on investment within the thriving Conroe market. The combination of prime location, existing structures, approved development plans, and environmental compliance makes this a truly remarkable opportunity. This is a chance to create a thriving community while capitalizing on Conroe's continued expansion.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5531731
    Latitude
    30.3439974

    Comparable in this City

    • Contact for pricing
      2.00 Acres

      Conroe Medical Plaza For Sale

      8,968 SF Multi-Use Building, Conroe, TX
      2101 Loop 336, Conroe, TX 77304
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    • $2,800,000

      Lake Conroe Waterfront Acreage

      Unrestricted waterfront acreage ideal for various development opportunities.
      844 Beach Walk Blvd, Conroe, TX 77304
      View Details
    • Contact for pricing

      New Smalls Sliders Ground Lease

      15-year absolute net ground lease in Houston MSA.
      2116 W Davis St, Conroe, TX 77304
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    • Contact for pricing
      28.39 Acres

      Conroe Commercial Land - 28 Acres

      Prime Conroe land, ideal for development.
      2174 Farm To Market 3083 Rd, Conroe, TX 77304
      View Details
    • $1,295,000
      8.97 Acres

      Conroe Development Land: 8.97 Acres

      Prime Conroe land, unrestricted development.
      0 Semands Ave, Conroe, TX 77304
      View Details
    • Contact for pricing
      3.87 Acres

      Conroe Commercial Land - Hwy 105

      3.87 Acres Retail/Commercial Development
      0 Highway 105, Conroe, TX 77304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      Conroe Medical Plaza For Sale

      8,968 SF Multi-Use Building, Conroe, TX
      2101 Loop 336, Conroe, TX 77304
      View Details
    • $2,800,000

      Lake Conroe Waterfront Acreage

      Unrestricted waterfront acreage ideal for various development opportunities.
      844 Beach Walk Blvd, Conroe, TX 77304
      View Details
    • Contact for pricing

      New Smalls Sliders Ground Lease

      15-year absolute net ground lease in Houston MSA.
      2116 W Davis St, Conroe, TX 77304
      View Details
    • $1,295,000
      8.97 Acres

      Conroe Development Land: 8.97 Acres

      Prime Conroe land, unrestricted development.
      0 Semands Ave, Conroe, TX 77304
      View Details
    • Contact for pricing
      28.39 Acres

      Conroe Commercial Land - 28 Acres

      Prime Conroe land, ideal for development.
      2174 Farm To Market 3083 Rd, Conroe, TX 77304
      View Details
    • Contact for pricing
      5.00 Acres

      Conroe Commercial Land - 5 Acres

      Prime 5-acre commercial lot, Loop 336 frontage.
      5 Acres Loop, Conroe, TX 77304
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      8,968 SF

      Conroe Office Building For Sale

      8,968 SF Office/Medical Space, 2.1 Acres
      2101 Loop 336, Conroe, TX 77304
      View Details
    • $2,075 /Mo
      1,086 SF

      Conroe, Texas Living

      Refined living with modern comfort near Lake Conroe and The Woodlands.
      2400-4 Montgomery Park Blvd, Conroe, TX 77304
      View Details
    • $2,200 /Mo
      1,086 SF

      Conroe, Texas Rental Property

      Rental property in Conroe, Texas, near Lake Conroe and The Woodlands.
      2400-3 Montgomery Park Blvd, Conroe, TX 77304
      View Details
    • $17 SF/Yr
      8,968 SF

      Woodhaven Medical Plaza: Conroe, TX

      Medical Office Building, 8,968 SF
      2101 Loop 336, Conroe, TX 77304
      View Details
    • $22 SF/Yr
      100,000 SF

      Conroe Medical Office Building

      High-Visibility Medical Office Space Available
      690 Loop 336, Conroe, TX 77304
      View Details
    • $36 SF/Yr
      9,020 SF

      Greenway Village Retail Center

      Conroe Retail Space: 1.8k-5.7k SF Available
      1761 Loop 336, Conroe, TX 77304
      View Details
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    12824 Highway 105
    Conroe, TX 77304
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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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