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

    1501 Ashland Dr Conroe, TX 77385-7301

    • Warehouses
    • 2,088 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    4.7%
    Warehouses
    Location Intelligence
    Property ID
    US83-2382476
    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

    • Warehouses

    Property Details for 1501 Ashland Dr

    Year built
    1999
    Lot size
    0.37 lot acres
    Property size
    2,088 SF
    Zone code
    6
    Property type
    Warehouses
    APN
    5925-02-06700
    APU
    59250206700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $200,000
      7%
      $185,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $185,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4126
    Latitude
    30.1955
    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
    $1,110
    $7,976
    $78,577
    $86,553
    -
    $7,976
    $78,577
    $86,553

    Comparable in this City

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      15431 Interstate 45th S

      WAREHOUSE, STORAGE • 39,840 SF
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    • Value Estimation
      $275,000
      840 SF

      18955 Main St

      WAREHOUSE, STORAGE • 840 SF
      18955 Main St, Conroe, TX 77385-5570
      View Details
    • Value Estimation
      $1,350,000
      154,800 SF

      410 Trade Ctr Pkwy

      WAREHOUSE, STORAGE • 154,800 SF
      410 Trade Ctr Pkwy, Conroe, TX 77385-8246
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    • Value Estimation
      $285,000
      1,728 SF

      10665 Darby Loop

      WAREHOUSE, STORAGE • 1,728 SF
      10665 Darby Loop, Conroe, TX 77385-7405
      View Details
    • Value Estimation
      $160,000
      9,206 SF

      250 Harpers Lndg Blvd

      WAREHOUSE, STORAGE • 9,206 SF
      250 Harpers Lndg Blvd, Conroe, TX 77385
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,380 SF

      Office and Industrial Building

      Office and industrial building for sale or lease.
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    • $1,800,000
      7,000 SF

      Warehouse and Office in Conroe

      7,000 SF warehouse with office space near The Woodlands.
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    • Contact for pricing
      5,600 SF

      Blair Warehouse Park: Conroe, TX

      Industrial Warehouses for Sale/Lease
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    • $868,000
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      South Conroe Flex Space Available

      5600 SF flex space with office in gated park.
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    • $725,000

      Prime 2.4-Acre Conroe Land

      Exceptional development opportunity near The Woodlands.
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      Conroe Mixed-Use Land Investment

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    Similar Nearby for Lease

    • $15 SF/Yr
      26,700 SF

      Donwick Business Park: Flex Space Available

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      View Details
    • $1.00 SF/Yr
      12,000 SF

      Conroe Warehouse Space Available

      Industrial warehouse space available for lease in Conroe, Texas.
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      View Details
    • Contact for pricing
      1,200 SF

      Conroe Flex Space For Rent

      Flex space with office and warehouse areas available for rent.
      27493 Hanna Rd, Conroe, TX 77385
      View Details
    • $14 SF/Yr
      5,000 SF

      Office/Warehouse Space Available

      5,000 SF office/warehouse space with office build-out.
      26797 Hanna Rd, Oak Ridge North, TX 77385
      View Details
    • $600,000
      2,612 SF

      Industrial Office Warehouse For Lease

      Versatile industrial office warehouse with easy access to I-45.
      16815 Donwick Dr, Conroe, TX 77385
      View Details
    • $12 SF/Yr
      8,000 SF

      Conroe Warehouse: 8,000 SF Lease

      Modern 2023 warehouse, single tenant.
      2125 Blair Rd, Conroe, TX 77385
      View Details
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    1501 Ashland Dr
    Conroe, TX 77385-7301
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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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