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    21149 Blair Rd Conroe, TX 77385-7344
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    Property profile & analytics

    21149 Blair Rd Conroe, TX 77385-7344

    View on Map
    • Warehouses
    • 0.64 lot acres
    Off-Market
    Last Sale Dec 17, 2020
    Property ID
    US83-2573180
    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

    • AllN1 AUTOWORKS, Parent company is Wheeler Industries, LLC / Auto Repair Shop
    • Spring Force Services / Employment Agency
    • Ceramic Pro Houston (Formerly 5 Point Auto Spa) / Car Wash
    • Exclusive Garage Doors Co. / Building Supply / General Contractor
    • Edma Tech / Industrial Manufacturer

    Property Details for 21149 Blair Rd

    Year built
    2018
    Lot size
    0.64 lot acres
    Property type
    Warehouses
    APN
    0350-00-00927
    APU
    3500000927

    Description

    This exceptional 8,000-square-foot warehouse building, constructed in 2023, is situated within the prestigious Blair Warehouse Park. Located in Montgomery County's Oak Ridge submarket, this property offers unparalleled convenience, being approximately one mile east of Interstate 45 North, between Rayford Road and Robinson Road, near The Woodlands. The building features a 19-foot ceiling height, providing ample vertical space for efficient storage and operations. Power is provided by a robust 3-phase, 480-volt system, complemented by fiber optic connectivity, ensuring seamless communication and technological integration. The property sits on a generous 15.34-acre lot within a gated, deed-restricted business park, offering enhanced security and a professional environment. The warehouse is available for lease as a single-tenant space, with options for a turnkey setup including 800 square feet of finished office space, or as a shell space to customize to your specific needs. Lease terms include a base rent of $1.04 per square foot, triple net (NNN), with operating expenses of $0.27 per square foot. The building boasts metal construction, off-site detention, and convenient grade-level loading. This is a rare opportunity to secure a modern, high-quality warehouse in a prime location.

    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
    -95.4321
    Latitude
    30.1466
    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
    $16,887
    $139,260
    $906,352
    $1,045,612
    -
    $139,260
    $906,352
    $1,045,612

    Comparable in this City

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      28,875 SF

      27605 Robinson Rd

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      250 Harpers Lndg Blvd

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      1,728 SF

      10665 Darby Loop

      WAREHOUSE, STORAGE • 1,728 SF
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    • Value Estimation
      $1,185,000
      39,840 SF

      15431 Interstate 45th S

      WAREHOUSE, STORAGE • 39,840 SF
      15431 Interstate 45th S, Conroe, TX 77385-3402
      View Details
    • Value Estimation by Request
      840 SF

      18955 Main St

      WAREHOUSE, STORAGE • 840 SF
      18955 Main St, Conroe, TX 77385-5570
      View Details
    • Value Estimation
      $7,440,000
      154,800 SF

      410 Trade Ctr Pkwy

      WAREHOUSE, STORAGE • 154,800 SF
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      Warehouse Buildings For Sale/Lease

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      21149 Blair Rd, Conroe, TX 77385
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    Similar Nearby for Lease

    • $22 SF/Yr

      Conroe Commercial Building with Loft

      Versatile commercial space ideal for light industrial, storage, or office.
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      Conroe Warehouse Space Available

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      Conroe Flex Space For Rent

      5600 SF flex space with office in Conroe, TX.
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    • Contact for pricing

      Office/Warehouse Flex Space Available

      2,250 SF office/warehouse space with multiple access points.
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      Conroe Flex and Warehouse Space

      Flex, office, and warehouse space available for lease in Conroe.
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    Conroe, TX 77385-7344
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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.

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