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    1908 Frazier St Conroe, TX 77301

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    1908 Frazier St Conroe, TX 77301

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    • Commercial real estate
    • 3.19 lot acres
    Off-Market
    Property ID
    US83-2224672
    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

    • Boot Barn / Clothing & Fashion Store
    • Watermill Express / Big Box & Wholesale Store
    • Service Pros / Hardware & Home Improvement / Construction Company

    Property Details for 1908 Frazier St

    Lot size
    3.19 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.186-acre commercial land parcel presents a unique investment opportunity in the thriving Conroe, Texas market. Located at 1908 N Frazier St, in Montgomery County, zip code 77301, this property offers significant potential for various commercial developments. The asking price is $700,000, translating to an attractive land value of $5 per square foot. Its strategic location provides convenient access and visibility, situated adjacent to retail establishments. The property benefits from a cross-access agreement with the neighboring retail center's parking lot, enhancing convenience and accessibility for potential businesses and customers. Furthermore, an easement allows for the installation of monument signage, providing excellent branding opportunities. Conroe's robust economic growth makes this a prime location for investors seeking high-return potential. The property's size and location make it suitable for a variety of commercial uses, offering a compelling investment prospect in a dynamic and expanding market. Detailed site plans and further information are available upon request. This is a rare opportunity to acquire a well-positioned commercial land parcel in a rapidly developing area of Texas.

    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
    -95.4662008
    Latitude
    30.3319022

    Comparable in this City

    • $3,920,400
      15.00 Acres

      Unrestricted Wooded Acres for Development

      15 acres suitable for residential or commercial development in Conroe.
      3300 South Loop 336 East, Conroe, TX 77301
      View Details
    • $1,132,560

      Raw Land Along I-45

      10 acres of raw land with I-45 visibility.
      Interstate 45 N, Willis, TX 77301
      View Details
    • $650,000

      Unrestricted Land on Old Hwy

      4.31 acres of unrestricted land with frontage on Old Hwy
      3110 Old Highway 105 E, Conroe, TX 77301
      View Details
    • $710,464

      4.66 Acre Tract For Sale

      4.66 acre tract suitable for retail or industrial development.
      Beach Airport Rd, Conroe, TX 77301
      View Details

    Similar Nearby for Sale

    • $3,920,400
      15.00 Acres

      Unrestricted Wooded Acres for Development

      15 acres suitable for residential or commercial development in Conroe.
      3300 South Loop 336 East, Conroe, TX 77301
      View Details
    • $1,132,560

      Raw Land Along I-45

      10 acres of raw land with I-45 visibility.
      Interstate 45 N, Willis, TX 77301
      View Details
    • $650,000

      Unrestricted Land on Old Hwy

      4.31 acres of unrestricted land with frontage on Old Hwy
      3110 Old Highway 105 E, Conroe, TX 77301
      View Details
    • $710,464

      4.66 Acre Tract For Sale

      4.66 acre tract suitable for retail or industrial development.
      Beach Airport Rd, Conroe, TX 77301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Hub Land

      Located at a regional retail hub in North Conroe.
      I-45 & Fm 3083, Conroe, TX 77301
      View Details
    • Contact for pricing

      Unrestricted Land at Signalized Intersection

      Approximately 0.91 acres of unrestricted land for lease.
      2420 E Davis St, Conroe, TX 77301
      View Details
    • Contact for pricing
      9,991 SF

      Land Available For Lease

      10.13 acres of land with outside storage available.
      501 Hickerson St, Conroe, TX 77301
      View Details
    • Contact for pricing

      Commercial/Industrial Ground Lease Opportunity

      0.50-acre tract for ground lease in high-traffic Conroe corridor.
      2985 E Davis St, Conroe, TX 77301
      View Details
    • Contact for pricing

      Unrestricted Land for Lease

      Approximately 0.5 acre of unrestricted land for lease.
      3009 E Davis St, Conroe, TX 77301
      View Details
    • Contact for pricing

      Conroe Warehouse with Office Space

      4,500 SF warehouse with 1,500 SF office in Conroe.
      1998-2008 Airport Rd, Conroe, TX 77301
      View Details
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    1908 Frazier St
    Conroe, TX 77301
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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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