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4012 Sprayberry Ln Conroe, TX 77303

Land Google Maps
8.78 ac lot
Entity Owned 6-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US83-2574235

Property summary

AI-generated overview

This exceptional 8.784-acre commercial land parcel enjoys a highly visible location on I-45 North and Sprayberry Lane in Conroe, Texas. Its strategic position offers easy access via the I-45 northbound on-ramp and Sprayberry Lane, ensuring convenient ingress and egress. The property boasts excellent visibility from the heavily trafficked I-45 corridor, with a reported 96,887 vehicles passing daily in 2023. This presents a significant opportunity for developers seeking high-traffic exposure. The site is located in Montgomery County, Texas, with the address listed as 4012 Sprayberry Ln, Conroe, TX 77303. All utilities are available at the site, simplifying development plans. Furthermore, the property is not located within a floodplain, eliminating potential development complications. The asking price for this exceptional opportunity is $3,061,048.32. Its ideal location makes it suitable for a variety of commercial uses, including self-storage facilities, industrial development, or multi-family residential projects. This is a rare chance to acquire a sizable, well-situated commercial land parcel in a rapidly growing area.

Property profile

Verified
Property type Land
Lot 8.78 ac (382,631 SF)
UPID US83-2574235

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2020
1 recorded transaction
2020
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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