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    2790 Fm 1488 Rd Conroe, TX 77384
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    Property profile & analytics

    2790 Fm 1488 Rd, Conroe, TX 77384

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    • Commercial real estate
    • 1.56 lot acres
    Off-Market
    Property ID
    US83-2347372
    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

    • Commercial real estate

    Property Details for 2790 Fm 1488 Rd

    Lot size
    1.56 lot acres
    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2018 — Snk Ventures LLC Rmdmg Ltd Grant Deed $855k · Rmdmg Ltd

    Description

    This exceptional 1.56-acre commercial land parcel presents a remarkable opportunity for development in the thriving Conroe, Texas market. Located at the Northwest corner of FM 1488 and Lake Lamond Road, this property boasts 150 feet of frontage on the heavily trafficked FM 1488, ensuring high visibility and accessibility. The lot encompasses 67,943 square feet of usable land, providing ample space for a variety of commercial ventures. While on-site detention is required, the property offers convenient access to existing utilities. Water and sewer services are provided via a well and septic system, while electrical service is readily available along FM 1488. Situated a mere 2.8 miles from Interstate 45, this location offers unparalleled connectivity to major transportation arteries, facilitating seamless commutes and efficient logistics. This prime location in Montgomery County, Texas, with its zip code 77384, presents an ideal investment opportunity for businesses seeking high visibility and convenient access to a bustling community. The property's strategic positioning and ample space make it an attractive prospect for a wide range of commercial developments.

    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
    -95.505978900599
    Latitude
    30.230518088291

    Comparable in this City

    • $6,200,000

      Prime Land Near The Woodlands

      6.11 acres of land near The Woodlands and I-45.
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    • $147,000

      Unrestricted Lot Near Woodlands

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      Unrestricted Land Near Woodlands Schools

      Large unrestricted tract near Woodlands schools with future road expansion.
      14051 Old Conroe Rd, Conroe, TX 77384
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    • $2,400,000
      4,934 SF

      Conroe Estate with Stocked Pond

      Custom estate on 10.64 acres with pond and pool.
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      Conroe Land For Sale

      2.5 acres of land in Conroe, Texas for sale.
      14200 Horseshoe Bnd, Conroe, TX 77384
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    Similar Nearby for Sale

    • $6,200,000

      Prime Land Near The Woodlands

      6.11 acres of land near The Woodlands and I-45.
      1120 Wellman Rd, Conroe, TX 77384
      View Details
    • Contact for pricing

      Magnolia Land with FM 1488 Access

      2.5-acre land parcel with high traffic count and no zoning.
      Bridlewood Dr & Saddlewood Dr, Magnolia, TX 77384
      View Details
    • Contact for pricing

      Unrestricted Land Near Woodlands Schools

      Large unrestricted tract near Woodlands schools with future road expansion.
      14051 Old Conroe Rd, Conroe, TX 77384
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    • $147,000

      Unrestricted Lot Near Woodlands

      Spacious unrestricted lot suitable for commercial or residential use.
      13881 Park Ave, Conroe, TX 77384
      View Details
    • Contact for pricing

      Unrestricted Land Parcel Near Woodlands

      45-acre unrestricted tract near Woodlands schools and future road expansion.
      14051 Old Conroe Rd, Conroe, TX 77384
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,432 SF

      Medical Office Building For Rent

      Class A medical office building in The Woodlands, Texas.
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      Retail Space for Lease

      Retail and restaurant spaces available for lease.
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      Shenandoah Office Space For Rent

      Office space available for lease in Shenandoah, Texas.
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      2,500 SF

      Retail Space in The Woodlands

      Retail space available for lease in The Woodlands, Texas.
      3776 Fm 1488 Rd, The Woodlands, TX 77384
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      1,563 SF

      Conroe Office/Flex Space Available

      Private office/flex space with classroom, kitchen, and private bathroom.
      3115 College Park Dr, Conroe, TX 77384
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    Conroe, TX 77384
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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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