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    Property profile & analytics

    750 Conroe Park N Dr Conroe, TX 77303-2256

    • Office buildings
    • 51,100 SF
    • 6.02 lot acres
    OFF-MARKET
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US83-2378427
    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

    • Medivators, a Cantel Medical co / Medical Center
    • Professional Directional LTD / Oil & Natural Gas Company

    Property Details for 750 Conroe Park N Dr

    Year built
    2008
    Lot size
    6.02 lot acres
    Property size
    51,100 SF
    Property type
    Office buildings
    APN
    3453-00-00502
    APU
    34530000502

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,135,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4429
    Latitude
    30.3527
    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
    $57,929
    $655,188
    $2,486,142
    $3,141,330
    -
    $655,188
    $2,486,142
    $3,141,330

    Comparable in this City

    • Value Estimation
      $1,135,000
      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
      $1,325,000
      115,661 SF

      600 Conroe Park N Dr

      OFFICE BUILDING • 115,661 SF
      600 Conroe Park N Dr, Conroe, TX 77303-2207
      View Details
    • Value Estimation
      $420,000
      15,286 SF

      3031 Frazier St

      OFFICE BUILDING • 15,286 SF
      3031 Frazier St, Conroe, TX 77303-1525
      View Details
    • Value Estimation
      $255,000
      720 SF

      10699 Fm 1484th Rd

      OFFICE BUILDING • 720 SF
      10699 Fm 1484th Rd, Conroe, TX 77303
      View Details
    • Value Estimation
      $315,000
      1,120 SF

      10685 Fm 1484th Rd

      OFFICE BUILDING • 1,120 SF
      10685 Fm 1484th Rd, Conroe, TX 77303-4325
      View Details
    • Value Estimation
      $615,000
      4,080 SF

      10802 Fm 2432nd Rd

      OFFICE BUILDING • 4,080 SF
      10802 Fm 2432nd Rd, Conroe, TX 77303-2520
      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
    • $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
    • $6,495,000
      3,633 SF

      Conroe, Texas Agricultural Estate

      46-acre property with agricultural exemption near Conroe, Texas.
      1 Hi Lo Ln, Conroe, TX 77303
      View Details
    • $59,500

      Unrestricted Lot with Development Potential

      17,000 sq ft unrestricted lot with endless possibilities.
      12033 Lakeside Dr, Conroe, TX 77303
      View Details
    • $235,000

      Secluded Five-Acre Residential Land

      Five-acre property offers peace and privacy for residential development.
      12274 Ike White Rd, Conroe, TX 77303
      View Details
    • Contact for pricing

      Conroe Land Tract For Sale

      11.7 acre tract near Conroe Park North Industrial Park.
      1306 N Fm 3083 Rd E, Conroe, TX 77303
      View Details

    Similar Nearby for Lease

    • $3,742,500
      8,220 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
    • $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
    • $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
    • $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
    • $21 SF/Yr
      1,700 SF

      Conroe Office Space For Rent

      1,700 SF office space with included utilities and internet.
      3032 N Frazier St, Conroe, TX 77303
      View Details
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    750 Conroe Park N Dr
    Conroe, TX 77303-2256
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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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