Property profile

1501 Hope Rd Conroe, TX 77384

OFF-MARKET
Land
Property ID
US83-2589371
9.11 ac lot
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Property summary

AI-generated overview

This exceptional 9.11-acre industrial land parcel presents a unique investment opportunity in Conroe, Texas. Strategically located on 661 feet of Hope Road frontage, this property enjoys convenient access to major transportation arteries, including Interstate 45, the Grand Parkway, and the Hardy Toll Road. Situated just half a mile from I-45 frontage, south of Saint Luke's Health and The Woodlands BMW dealership, the site benefits from high visibility and easy accessibility. The property is served by a well and septic system. This location offers proximity to the thriving city of Shenandoah, a community with its own police and fire department, diverse retail and dining options, and entertainment venues. Shenandoah's location adjacent to The Woodlands, a renowned master-planned community, provides access to a wide array of residential, commercial, recreational, and entertainment amenities. The area boasts robust economic development, with numerous businesses, corporate offices, and retail developments contributing to a strong local economy and ample employment opportunities. This property is part of the Houston-The Woodlands-Sugar Land metropolitan area, approximately 30 miles north of downtown Houston. The combination of prime location, excellent infrastructure, and access to a thriving community makes this an exceptional opportunity for industrial development. The property is zoned for industrial use (verification required).

Property profile

Verified
Property type Land
Lot 9.11 ac (396,832 SF)
UPID US83-2589371

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1501 Hope Rd Conroe, TX 77384
Conroe metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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