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    Property profile & analytics

    5457 Davis St Conroe, TX 77304

    • Outlet malls
    • 35,700 SF
    • 3.48 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Nov 01, 2022
    Value Estimations
    $1,150,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2467081
    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

    • Outlet malls

    Property Details for 5457 Davis St

    Year built
    2002
    Lot size
    3.48 lot acres
    Property size
    35,700 SF
    Property type
    Outlet malls
    APN
    9483-00-00300
    APU
    94830000300

    Description

    This exceptional Conroe industrial property, situated on Highway 105, offers 45,500 square feet of versatile space. Currently, 22,000 square feet is available for lease. The property boasts two Class B buildings, constructed in 2002 and renovated in 2020, each featuring a single story and 20-foot ceilings. With 170 feet of frontage, the site includes ample parking (40 spaces), eight loading docks, five dock-high doors, and four drive-in doors. The warehouse benefits from three-phase power. The property is divisible down to 10,000 square feet, ideal for light industrial or commercial businesses. A 12,000-square-foot showroom and office space is also available for retail use. A separate, free-standing, free-span warehouse is also available for lease. This strategically located property sits on three acres of land, just three miles from I-45, experiencing high traffic volume (over 40,000 cars daily). This presents a rare opportunity for businesses seeking a prominent location in Conroe's thriving industrial market. The property's address is 5457 W Davis St, Conroe, TX 77304.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,080,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,218,000
      Market price range: $1.22M - $4.64M

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.5218
    Latitude
    30.3389
    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
    $41,466
    $711,237
    $1,117,145
    $1,828,382
    -
    $711,237
    $1,117,145
    $1,828,382

    Comparable in this City

    • Value Estimation
      $1,675,000
      12,614 SF

      4141 Davis St

      WHOLESALE OUTLET, DISCOUNT STORE • 12,614 SF
      4141 Davis St, Conroe, TX 77304-4204
      View Details
    • Value Estimation by Request
      9,020 SF

      1761 Loop 336

      Lifestyle centers • 9,020 SF
      1761 Loop 336, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      1,000 SF

      336 Swc Of Hwy 105 & Loop

      Lifestyle centers • 1,000 SF
      336 Swc Of Hwy 105 & Loop, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      6,400 SF

      6205 Tx-105

      Lifestyle centers • 6,400 SF
      6205 Tx-105, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      7,964 SF

      3301 Davis St

      Lifestyle centers • 7,964 SF
      3301 Davis St, Conroe, TX 77304
      View Details
    • Value Estimation by Request
      18,080 SF

      850 Loop 336

      Restaurants • 18,080 SF
      850 Loop 336, Conroe, TX 77304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      96,504 SF

      Highway Frontage Retail/Office Spaces

      Retail, office, and warehouse spaces available near Interstate 45.
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      2.00 Acres

      Conroe Medical Plaza For Sale

      8,968 SF Multi-Use Building, Conroe, TX
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      New Smalls Sliders Ground Lease

      15-year absolute net ground lease in Houston MSA.
      2116 W Davis St, Conroe, TX 77304
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      9,020 SF

      Retail/Medical Space in Growing Community

      Retail or medical space in Conroe's Grand Central Park community.
      1761 S Loop 336 W, Conroe, TX 77304
      View Details
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      0.99 Acres

      Lake Conroe Commercial Pad Site

      Prime Retail/Industrial Land, High Traffic
      0 Https //Maps.app.goo.gl/Poz8Wgmcn29Zoxyv6, Conroe, TX 77304
      View Details
    • Contact for pricing
      1,754 SF

      Conroe Medical Office Condo

      1,754 SF Medical Office, Prime Location
      303 Longmire Rd, Conroe, TX 77304
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      9,020 SF

      Greenway Village Retail Center

      Conroe Retail Space: 1.8k-5.7k SF Available
      1761 Loop 336, Conroe, TX 77304
      View Details
    • $15 SF/Yr
      8,968 SF

      Conroe Office Building For Sale

      8,968 SF Office/Medical Space, 2.1 Acres
      2101 Loop 336, Conroe, TX 77304
      View Details
    • $24 SF/Yr
      4,006 SF

      Conroe Office Park Suites

      Prime Conroe Office Space, I-45 Access
      2912 Davis St, Conroe, TX 77304
      View Details
    • Contact for pricing
      3,000 SF

      West Fork Village Retail Space

      Conroe, TX Retail Center - 7,000 SF Available
      4489 Davis St, Conroe, TX 77304
      View Details
    • Contact for pricing
      1,000 SF

      Conroe Retail Space: 1,000 SF Available

      Prime Conroe retail space, H-E-B anchored.
      3915 Davis St, Conroe, TX 77304
      View Details
    • Contact for pricing
      10,000 SF

      New Conroe Office/Retail Space

      New office/retail space in Conroe with customizable layouts.
      2109 Maurel Dr, Conroe, TX 77304
      View Details
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    Conroe, TX 77304
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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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