Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    14985 Wiggins Rd Conroe, TX 77302
    Back to Search
    Property profile & analytics

    14985 Wiggins Rd Conroe, TX 77302

    View on Map
    • Commercial real estate
    • 5.80 lot acres
    Off-Market
    Property ID
    US83-2471379
    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

    • Commercial real estate

    Property Details for 14985 Wiggins Rd

    Lot size
    5.80 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity in Conroe, Texas! This expansive 15.8-acre property presents a unique blend of commercial and residential potential. The land boasts two mobile homes: a 1568 sq ft, 3-bedroom, 2-bathroom double-wide with a full-length covered porch, and a 1216 sq ft, 3-bedroom, 2-bathroom single-wide, also featuring a covered porch. A substantial 7200 sq ft red iron metal building/warehouse provides ample storage or workshop space. This versatile structure includes three 60x40 spaces with 14 ft tall x 16 ft wide doors, easily accommodating 18-wheeler access. The property benefits from 3-phase power extending to its rear, offering significant utility advantages. Two water tanks are in place, suitable for livestock or other water storage needs. The entire property is fenced, with a road providing access to the rear home. Future development possibilities are numerous, including additional storage facilities, expanded warehouse space, a storage lot, or complete redevelopment. Located at 14985 Wiggins Rd, Conroe, TX 77302, in Montgomery County, this property is priced at $1,000,000. The lot size ranges from 5.8 to 15.8 acres. This is a rare opportunity to acquire a large parcel with existing structures and significant expansion potential.

    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
    -95.3450778
    Latitude
    30.2579789

    Comparable in this City

    • $25,000,000

      Conroe Development Opportunity on FM 1314

      50+ acres in Conroe, TX, ideal for mixed-use development.
      17234 Fm 1314 Rd, Conroe, TX 77302
      View Details
    • $700,000
      Pending

      Multi-Residence Property with Warehouse

      Eleven-unit property with warehouse on a private, wooded tract.
      13128 Bert Brown Rd, Conroe, TX 77302
      View Details
    • $154,900

      Cleared Land in Porter Heights

      1.58ac cleared lot with easy access to major highways.
      15029 Calhoun Rd, Conroe, TX 77302
      View Details
    • Contact for pricing

      20.2 Acres on Old Houston

      20.2 acres on Old Houston Rd, Conroe, TX 77302.
      14848 Old Houston Rd, Conroe, TX 77302
      View Details
    • Contact for pricing

      Entitled Mixed-Use Development Land

      92-acre mixed-use development site in rapidly growing Grangerland area.
      Fm 3083 Rd, Conroe, TX 77302
      View Details

    Similar Nearby for Sale

    • $25,000,000

      Conroe Development Opportunity on FM 1314

      50+ acres in Conroe, TX, ideal for mixed-use development.
      17234 Fm 1314 Rd, Conroe, TX 77302
      View Details
    • $700,000
      Pending

      Multi-Residence Property with Warehouse

      Eleven-unit property with warehouse on a private, wooded tract.
      13128 Bert Brown Rd, Conroe, TX 77302
      View Details
    • $154,900

      Cleared Land in Porter Heights

      1.58ac cleared lot with easy access to major highways.
      15029 Calhoun Rd, Conroe, TX 77302
      View Details
    • Contact for pricing

      20.2 Acres on Old Houston

      20.2 acres on Old Houston Rd, Conroe, TX 77302.
      14848 Old Houston Rd, Conroe, TX 77302
      View Details
    • Contact for pricing

      Entitled Mixed-Use Development Land

      92-acre mixed-use development site in rapidly growing Grangerland area.
      Fm 3083 Rd, Conroe, TX 77302
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Remodeled Flex Space in Conroe

      Versatile 2,400 SF metal building for office or flex use.
      13658 Oil Field Rd, Conroe, TX 77302
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Conroe, Texas.
      19111 Old Houston Rd, Conroe, TX 77302
      View Details
    • Contact for pricing
      8,750 SF

      Conroe Specialty Property for Rent

      8,750 SF specialty property available for rent in Conroe, TX.
      19111 Old Houston Rd, Conroe, TX 77302
      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.
    14985 Wiggins Rd
    Conroe, TX 77302
    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
    14985 Wiggins Rd, Conroe, TX, 77302
    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!