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    15102 Interstate 45 Conroe, TX 77384
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    Property profile & analytics

    15102 Interstate 45 Conroe, TX 77384

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    • Freestanding property
    • 13,118 SF
    Off-Market
    Property ID
    US83-2473599
    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

    • Freestanding property

    Property Details for 15102 Interstate 45

    Year built
    2016
    Property size
    13,118 SF
    Property type
    Freestanding property

    Description

    This exceptional 13,118-square-foot free-standing retail building presents a remarkable opportunity for businesses seeking high-traffic visibility. Located at 15102 Interstate 45 in Shenandoah, Texas, this single-tenant property boasts a prime location on the west side of I-45, strategically positioned north of Research Forest and south of Highway 242. Built in 2016, the building is entirely vacant and ready for immediate occupancy. The property features ample parking with 39 spaces available for customers and employees. The expansive 1.48-acre lot provides significant room for expansion or outdoor amenities. Situated in Montgomery County, this property benefits from a strong local economy and convenient access to major transportation arteries. The building's modern design and prominent Interstate frontage ensure maximum exposure to a large and diverse customer base. This is an ideal location for businesses seeking high visibility and easy accessibility in a thriving Texas community. The entire 13,118 square feet is available for lease, offering a blank canvas for a discerning tenant to create their ideal retail space. Don't miss this chance to secure a premier retail location in a rapidly growing area.

    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
    -95.4600912
    Latitude
    30.2423863

    Comparable in this City

    • $32 SF/Yr

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      Retail Space For Lease

      Retail space available for lease, approximately 2,700 square feet.
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      Retail Space for Lease

      Retail spaces available for lease with high traffic count.
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      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      3707 College Park Dr, Conroe, TX 77384
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      Retail Space in Woodlands Market

      Located in the desirable Woodlands market on SH-242.
      3335 College Park Dr, The Woodlands, TX 77384
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    • Contact for pricing

      Retail and Office Space Available

      Neighborhood center with high visibility and ample parking.
      525 Woodland Square Blvd, Conroe, TX 77384
      View Details

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      Prime Land Near The Woodlands

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    Similar Nearby for Lease

    • $25 SF/Yr

      Retail Space for Lease

      Retail spaces available for lease with high traffic count.
      525 Woodland Square Blvd, Conroe, TX 77384
      View Details
    • $32 SF/Yr

      Retail Center on FM 1488

      New construction retail center with endcap suites available for lease.
      3776 Farm To Market Rd 1488, Conroe, TX 77384
      View Details
    • $31 SF/Yr

      Retail Space For Lease

      Retail space available for lease, approximately 2,700 square feet.
      2400 Farm To Market Rd 1488, The Woodlands, TX 77384
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail and restaurant spaces available for lease.
      3707 College Park Dr, Conroe, TX 77384
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Neighborhood center with high visibility and ample parking.
      525 Woodland Square Blvd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Retail Space in Woodlands Market

      Located in the desirable Woodlands market on SH-242.
      3335 College Park Dr, The Woodlands, TX 77384
      View Details
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    15102 Interstate 45
    Conroe, TX 77384
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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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