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    Property profile & analytics

    19786 State Highway 105 Montgomery, TX 77356

    • Turn key restaurants
    • 22,125 SF
    • 2.35 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2446870
    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

    • Turn key restaurants

    Property Details for 19786 State Highway 105

    Year built
    2005
    Construction
    FRAME
    Lot size
    2.35 lot acres
    Property size
    22,125 SF
    Zone code
    3
    Property type
    Turn key restaurants
    APN
    9492-00-01200
    APU
    94920001200

    Description

    The Colonnade on Lake Conroe, located at 19786 Hwy 105 W in Montgomery, Texas 77356, presents a unique opportunity for retail businesses. This Class C retail center, built in 2005, boasts a total of 27,125 square feet across two buildings, situated on a 2.25-acre lot. The property features seven suites, with two spaces currently available, ranging from 1,875 to 3,000 square feet. Its zoning designation is 3. The center enjoys a high-profile location, benefiting from an average daily vehicle count exceeding 25,000, indicative of a strong and growing market. A significant advantage is the presence of a steady anchor tenant, the Magnolia Diner, contributing to consistent foot traffic and visibility. This makes The Colonnade an ideal location for businesses seeking high exposure and a thriving customer base. The property's multiple tenancy structure offers flexibility for various retail, restaurant, or office uses. This is a prime opportunity to establish or expand a business in a dynamic and rapidly developing area of Montgomery, Texas. The property's location offers excellent accessibility and visibility along Hwy 105 W.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,447,000
      Market price range: $1.45M - $3.62M

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.6664
    Latitude
    30.3861
    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
    $55,947
    $819,624
    $1,987,735
    $2,807,359
    -
    $819,624
    $1,987,735
    $2,807,359

    Comparable in this City

    • Value Estimation by Request
      6,760 SF

      19402 Hwy 105th W

      RESTAURANT • 6,760 SF
      19402 Hwy 105th W, Montgomery, TX 77356-1979
      View Details
    • Value Estimation
      $2,335,000
      20,902 SF

      15270 Hwy 105th W

      RESTAURANT • 20,902 SF
      15270 Hwy 105th W, Montgomery, TX 77356-5684
      View Details
    • Value Estimation
      $515,000
      4,279 SF

      15607 15607th Interstate, Unit 105

      RESTAURANT • 4,279 SF
      15607 15607th Interstate, Montgomery, TX 77356
      View Details
    • Value Estimation by Request
      1.00 Acre

      Pine Lake Rd

      Lifestyle centers • 1.00 Acre
      0 Pine Lake Rd, Montgomery, TX 77356
      View Details
    • Value Estimation by Request
      2,890 SF

      15255 Hwy 105th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,890 SF
      15255 Hwy 105th W, Montgomery, TX 77356-5685
      View Details
    • Value Estimation by Request
      4,354 SF

      15607 Highway 105

      Restaurants • 4,354 SF
      15607 Highway 105, Montgomery, TX 77356
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27,075 SF

      Lake Conroe Retail Center

      Thriving Montgomery, TX shopping center
      19786 State Highway 105, Montgomery, TX 77356
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    • Contact for pricing
      27,075 SF

      Retail Property in Montgomery, Texas

      Retail property with 27,075 square feet of space.
      19786 W Highway 105 W, Montgomery, TX 77356
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    • $2,000,000

      Mixed-Use Property Near Lake Conroe

      5-acre property with rental units and commercial development potential.
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      13,250 SF

      Modern Retail Property in Montgomery

      Built in 2021, 81% leased, upside potential.
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    • $3,250,000
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      Chateau Ranch Estate: Montgomery, TX

      Luxury Estate: 11 bedrooms, 18 acres
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      Lakefront Condo with Boat Slip

      Two-bedroom condo with private boat slip and lake access.
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    Similar Nearby for Lease

    • $22 SF/Yr
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      Waterstone Plaza: Suites Available

      Montgomery, TX Office Space for Lease
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    • Contact for pricing
      1,450 SF

      Highway 105 Retail Pad Site

      Retail pad site targeting QSRs, car washes, and urgent care.
      14540 W Highway 105 W, Montgomery, TX 77356
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      Walden Road Retail Space For Lease

      High-Visibility Retail Space in Montgomery, TX
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      19,554 SF

      Village Square Retail Space, Montgomery, TX

      Prime Retail Space, Walmart Shadow Anchored
      17128 Walden Rd, Montgomery, TX 77356
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    • Contact for pricing
      1,025 SF

      Retail Space in Montgomery, Texas

      Retail space available for lease in Montgomery, Texas.
      16145 Highway 105 W, Montgomery, TX 77356
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space in Montgomery, Texas

      Retail property with 1950 square feet available for rent.
      15444 Highway 105, Montgomery, TX 77356
      View Details
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    19786 State Highway 105
    Montgomery, TX 77356
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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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