Property profile

16525 Old Houston Rd Conroe, TX 77302

FOR SALE
Manufacturing properties
Property ID
US83-2588265
7,252 SF 12 ac lot Built 2014
Entity Owned 13-yr Hold Absentee Owner Free & Clear
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16525 Old Houston Rd, Conroe, TX 77302 For Sale
Contact for pricing 7,252 SF
16525 Old Houston Rd, Conroe, TX 77302
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Property summary

AI-generated overview

This exceptional 22.13-acre industrial land parcel presents a remarkable opportunity in Conroe, Texas. Located in Montgomery County, at 16525 Old Houston Rd, zip code 77302, this property boasts a highly desirable location near the intersection of FM 242 and Old Houston Road, offering excellent accessibility and visibility. The asking price is $2,250,000. A significant advantage is that approximately 80% of the land is already cleared, significantly reducing site preparation costs and expediting development timelines. This makes it ideal for immediate construction or development projects. The property's substantial size provides ample space for a variety of industrial uses, from warehousing and distribution centers to manufacturing facilities or other large-scale industrial endeavors. Its strategic location within Conroe, a rapidly growing area, ensures strong potential for future appreciation and return on investment. The property's coordinates are 30.2126509 latitude and -95.3023198 longitude. This is a rare opportunity to acquire a large, well-situated industrial land parcel ready for immediate development. Don't miss out on this exceptional investment prospect.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 2014
Total area 7,252 SF
Lot 12 ac (522,720 SF)
Zoning code 1
APN 0753-00-00106
UPID US83-2588265

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Freight Service Logistics Company
  • Industrial Manufacturer Factory

Location

16525 Old Houston Rd Conroe, TX 77302
Conroe metro Census 692601 HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$440k

Owner & transaction history

since 2013
3 recorded transactions
2016
Price N/A
2013
Price N/A
2012
Price N/A

Zoning & alternative use

1 · Conroe, TX

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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