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    Property profile & analytics

    383 Robinson Rd Conroe, TX 77385

    • Retail space
    • 3.20 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2377372
    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

    • Retail space

    Property Details for 383 Robinson Rd

    Year built
    2021
    Lot size
    3.20 lot acres
    Property type
    Retail space
    APN
    7642-00-00300
    APU
    76420000300

    Description

    This exceptional 3.2-acre commercial land parcel in Conroe, Texas, presents a remarkable investment opportunity. Located at 383 Robinson Rd, this property is situated at the corner of Hanna and Robinson Roads, offering excellent visibility and accessibility. The land is divisible into approximately 1-acre pad sites, providing flexibility for various development projects. Ideal for retail, office, flex, medical, or mixed-use developments, this site boasts all utilities available and is conveniently located near Interstate-45, ensuring easy access to major transportation routes. The land value is priced between $15 and $18 per square foot. This prime location is within a desirable business park, surrounded by established neighborhoods, schools, and numerous amenities, making it an attractive destination for businesses and consumers alike. The property's strategic positioning and versatile zoning potential make it an exceptional opportunity for investors seeking high-growth potential in a thriving Texas market. The 77385 zip code further underscores the desirability and convenience of this location within Montgomery County. This offering represents a rare chance to acquire a substantial land holding in a rapidly developing area with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4348
    Latitude
    30.1568
    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
    $27,394
    $558,056
    $1,755,186
    $2,313,242
    -
    $558,056
    $1,755,186
    $2,313,242

    Comparable in this City

    • Value Estimation by Request
      28,875 SF

      27605 Robinson Rd

      Individual retail properties • 28,875 SF
      27605 Robinson Rd, Oak Ridge North, TX 77385
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    • Value Estimation
      $655,000
      11,856 SF

      19075 Interstate 45th S

      RETAIL STORES (PERSONAL SERVICES) • 11,856 SF
      19075 Interstate 45th S, Shenandoah, TX 77385-8704
      View Details
    • Value Estimation
      $2,090,000
      16,644 SF

      9803 Hwy 242

      RETAIL STORES (PERSONAL SERVICES) • 16,644 SF
      9803 Hwy 242, Conroe, TX 77385-4368
      View Details
    • Value Estimation
      $3,635,000
      158,093 SF

      17937 Interstate 45th S

      RETAIL STORES (PERSONAL SERVICES) • 158,093 SF
      17937 Interstate 45th S, Shenandoah, TX 77385-8706
      View Details
    • Value Estimation by Request
      1.76 Acres

      10855 Tx-242

      Lifestyle centers • 5,422 SF
      10855 Tx-242, Conroe, TX 77385
      View Details
    • Value Estimation by Request
      576 SF

      12437 Sleepy Holw Rd

      RETAIL STORES (PERSONAL SERVICES) • 576 SF
      12437 Sleepy Holw Rd, Conroe, TX 77385-5101
      View Details

    Similar Nearby for Sale

    • $574,999
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      Retail Opportunity Near Woodlands Parkway

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      180+ acres near I-45, suitable for various development projects.
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    Similar Nearby for Lease

    • Contact for pricing
      1,800 SF

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    • $18 SF/Yr
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      Robinson Plaza: Flex Space Available

      Modern Flex Space, Oak Ridge North
      27605 Robinson Rd, Oak Ridge North, TX 77385
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    • Contact for pricing
      114,598 SF

      Conroe Retail Center - Hwy 242

      High-traffic retail spaces available.
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    • $32 SF/Yr
      18,360 SF

      Oak Ridge North Retail Center

      New Retail Space - Pre-leasing Now
      26811 Hanna Rd, Oak Ridge North, TX 77385
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    • Contact for pricing
      25,000 SF

      Woodlands I-45 Shops Retail Space

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      27100-27800 Interstate 45, Oak Ridge North, TX 77385
      View Details
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    383 Robinson Rd
    Conroe, TX 77385
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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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