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Property profile & analytics
OFF-MARKET
Land

2086 Porter Rd Conroe, TX 77301

1.8 ac lot
Entity Owned 3-yr Hold
Property ID
US83-2212594
Property summary
AI-generated overview

This exceptional 1.796-acre development site in Conroe, Texas, presents a compelling opportunity for a self-storage project. Strategically located at 2086 Porter Rd, Conroe, TX 77301, this property boasts approximately 418 feet of frontage along Porter Road, experiencing 8,375 average annual daily traffic (AADT), and enjoys excellent visibility from S Loop 336, with over 28,997 AADT. The site's prime location is between a Valero gas station and Urban Oaks, a recently constructed apartment complex. Strong demographics support this venture, with over 42,000 residents and an average household income (AHHI) of $94,932 within a 3-mile radius. Conroe's remarkable population growth, a 61.83% increase since 2010, underscores the area's robust market potential. Furthermore, significant residential development is underway, with over 11,500 housing units in various stages of construction, further fueling demand. A proposed three-story, Class A climate-controlled self-storage facility is envisioned, encompassing 95,700 gross square feet (GSF), 74,750 net rentable square feet (NRSF), and 702 units. The sale is contingent upon the seller providing a fully approved site plan with all necessary permits. This is a truly shovel-ready opportunity in a rapidly expanding market with no comparable Class A self-storage facilities currently available. The asking price for this exceptional property is $1,650,000.

Property profile
Verified
Property type Land
Lot 1.8 ac (78,234 SF)
UPID US83-2212594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Urban Oaks at Conroe Apartment Complex Apartment Building
  • Conroe Carpet Cleaning Pros Hardware & Home Improvement
  • Drone Elevate Marketing & Advertising Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Hpi Conroe LLC · 3 yrs held
Hpi Conroe LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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