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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    600 Conroe Park N Dr Conroe, TX 77303-2207

    • Office buildings
    • 115,661 SF
    • 19.00 lot acres
    OFF-MARKET
    Value Estimations
    $3,980,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2461458
    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

    • Old Dominion Freight Line / Trucking Company
    • Hempel USA Inc / Paint Store / Painter
    • Industrial Specialty Contractor Inc / General Contractor

    Property Details for 600 Conroe Park N Dr

    Year built
    2013
    Lot size
    19.00 lot acres
    Property size
    115,661 SF
    Property type
    Office buildings
    APN
    3453-00-00200
    APU
    34530000200

    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
    -95.4491
    Latitude
    30.3555
    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
    $182,038
    $1,965,645
    $7,842,545
    $9,808,190
    -
    $1,965,645
    $7,842,545
    $9,808,190

    Comparable in this City

    • Value Estimation
      $1,630,000
      51,100 SF

      750 Conroe Park N Dr

      OFFICE BUILDING • 51,100 SF
      750 Conroe Park N Dr, Conroe, TX 77303-2256
      View Details
    • Value Estimation
      $4,555,000
      27,200 SF

      100 Fm 3083rd E Rd

      OFFICE BUILDING • 27,200 SF
      100 Fm 3083rd E Rd, Conroe, TX 77303-2093
      View Details
    • Value Estimation by Request
      720 SF

      10699 Fm 1484th Rd

      OFFICE BUILDING • 720 SF
      10699 Fm 1484th Rd, Conroe, TX 77303
      View Details
    • Value Estimation by Request
      1,120 SF

      10685 Fm 1484th Rd

      OFFICE BUILDING • 1,120 SF
      10685 Fm 1484th Rd, Conroe, TX 77303-4325
      View Details
    • Value Estimation by Request
      15,286 SF

      3031 Frazier St

      OFFICE BUILDING • 15,286 SF
      3031 Frazier St, Conroe, TX 77303-1525
      View Details
    • Value Estimation
      $925,000
      7,581 SF

      4489 Frazier St

      OFFICE BUILDING • 7,581 SF
      4489 Frazier St, Conroe, TX 77303-1442
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,482 SF

      Conroe Office Building For Sale

      Office building with 19,482 square feet of space.
      1246 N Fm 3083 Rd W, Conroe, TX 77303
      View Details
    • $3,742,500
      10,083 SF

      New Office Spaces in Conroe

      Brand new office spaces available for lease in Conroe, TX.
      2517 N Frazier St, Conroe, TX 77303
      View Details
    • $3,677,500
      4,026 SF

      Conroe Office Space For Lease

      Office space available in a convenient Conroe business park.
      2525 N Frazier St, Conroe, TX 77303
      View Details
    • $3,677,500
      3,121 SF

      New Office/Warehouse Space in Conroe

      New office/warehouse space in a convenient business park location.
      2519 N Frazier St, Conroe, TX 77303
      View Details
    • $1,850,000
      16.10 Acres

      Conroe Commercial Land - 16 Acres

      Prime Conroe land, high traffic, development ready.
      0 Farm To Market 3083 Rd, Conroe, TX 77303
      View Details
    • Contact for pricing
      0.51 Acres

      Residential Land Near Royal Forest Lake

      0.51-acre lot near Royal Forest Lake with community amenities.
      Royal Creek Rd, Willis, TX 77303
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      18,000 SF

      Loop 336 E Commercial Space

      Modern Conroe flex space, 18,000 sqft.
      1601 Loop 336, Conroe, TX 77303
      View Details
    • $3,000 /Mo
      2,450 SF

      Conroe Office/Warehouse Sublease Opportunity

      2,450 SF office/warehouse space available for sublease in Conroe.
      2418 N Frazier St, Conroe, TX 77303
      View Details
    • Contact for pricing
      5,020 SF

      Retail Space Near Loop 336

      23,600 SF shopping center with high visibility and access.
      2200 N Frazier St, Conroe, TX 77303
      View Details
    • $11 SF/Yr
      25,030 SF

      Hilltop Drive Industrial Warehouse

      Conroe, TX warehouse space for lease/sale.
      3705 Hilltop Dr, Conroe, TX 77303
      View Details
    • Contact for pricing
      110,099 SF

      Teas Plaza: Conroe Retail Opportunity

      High-traffic retail space, ±110,000 SF available.
      I-45 Fm 3083 Rd, Conroe, TX 77303
      View Details
    • $1,600 /Mo
      1,600 SF

      Conroe Flex Space For Lease

      3,200 SF flex space with highway access in Conroe.
      512 Bryant Rd, Conroe, TX 77303
      View Details
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    600 Conroe Park N Dr
    Conroe, TX 77303-2207
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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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