131 Trade Center Pkwy Conroe, TX 77385
This exceptional mixed-use property, located at 131 S. Trade Center Pkwy in Conroe, Texas, presents a compelling investment opportunity. The building, constructed in 1998, encompasses a total of 10,783 square feet across two stories, situated on a 1.18-acre lot. The property is zoned for mixed-use and features a well-designed layout combining office and warehouse space. The first floor offers 5,158 square feet of office space, complemented by an additional 2,765 square feet of office space on the second floor. A substantial 2,860 square feet of warehouse space is also included, equipped with two bay doors for convenient loading and unloading. The property boasts a backup generator, ensuring uninterrupted operations. Employee parking is secured within a gated area, while a smaller visitor lot accommodates approximately nine vehicles. The asking price is $1,670,000, translating to $154.87 per square foot. The property's prime location in Conroe's industrial area, conveniently situated off TX 242 and IH-45, offers excellent accessibility and visibility. The building is classified as Class B and is available for occupancy starting January 15, 2024. This property is a single-building, two-story structure, making it an ideal investment for a variety of businesses seeking a blend of office and warehouse functionality. The property's features and location make it a highly attractive option for businesses seeking a strategic presence in the thriving Conroe 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
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.