Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    805 Hilbig Rd Conroe, TX 77301-5435
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    805 Hilbig Rd Conroe, TX 77301-5435

    View on Map
    • Warehouses
    • 9,311 SF
    • 1.71 lot acres
    Off-Market
    Property ID
    US83-2343799
    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.
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Texas Diamond Tools, Inc. / Production Facility / Factory

    Property Details for 805 Hilbig Rd

    Year built
    1985
    Lot size
    1.71 lot acres
    Property size
    9,311 SF
    Zone code
    1
    Property type
    Warehouses
    APN
    0002-01-07200
    APU
    20107200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $530,000
      Market price range: $331k - $827k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $540,000
      Current use
      AUTO REPAIR, GARAGE
      $895,000
      Change: +65% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $845,000
      Change: +56% Conversion: Difficult
      OFFICE BUILDING
      $680,000
      Change: +26% Conversion: Difficult
      MEDICAL BUILDING
      $660,000
      Change: +21% Conversion: Difficult
      RETAIL STORES
      $625,000
      Change: +15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Conroe
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4445
    Latitude
    30.3387
    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
    $11,469
    $148,974
    $515,150
    $664,124
    -
    $148,974
    $515,150
    $664,124

    Comparable in this City

    • Value Estimation by Request
      160 SF

      310 Frazier St

      WAREHOUSE, STORAGE • 160 SF
      310 Frazier St, Conroe, TX 77301-3514
      View Details
    • Value Estimation by Request
      2,400 SF

      9984 Butler Rd Ext

      WAREHOUSE, STORAGE • 2,400 SF
      9984 Butler Rd Ext, Conroe, TX 77301-6510
      View Details
    • Value Estimation
      $920,000
      10,000 SF

      2933 Davis St

      WAREHOUSE, STORAGE • 10,000 SF
      2933 Davis St, Conroe, TX 77301-7216
      View Details
    • Value Estimation
      $1,130,000
      12,272 SF

      408 Hall St

      WAREHOUSE, STORAGE • 12,272 SF
      408 Hall St, Conroe, TX 77301-5017
      View Details
    • Value Estimation
      $550,000
      6,000 SF

      1229 Interstate 45th S

      WAREHOUSE, STORAGE • 6,000 SF
      1229 Interstate 45th S, Conroe, TX 77301-4419
      View Details
    • Value Estimation by Request
      4,040 SF

      106 San Jacinto St

      WAREHOUSE, STORAGE • 4,040 SF
      106 San Jacinto St, Conroe, TX 77301-3531
      View Details

    Similar Nearby for Sale

    • $985,000
      12,811 SF

      Conroe Commercial Property on Hwy 105

      Versatile commercial property with storefront, warehouse, and office space.
      2751 E Davis St, Conroe, TX 77301
      View Details
    • Contact for pricing
      41,000 SF

      Conroe Mixed-Use Investment Opportunity

      41,000 SF mixed-use property with value-add potential in Conroe.
      610 S Frazier St, Conroe, TX 77301
      View Details
    • $350,000
      2,976 SF

      Industrial/Flex Facility on 0.52 Acres

      2,976 SF industrial/flex facility on 0.52 acres for sale.
      1303 Beach Airport Rd, Conroe, TX 77301
      View Details
    • $980,000
      6,250 SF

      Conroe Warehouse with Office Space

      5,000 SF warehouse with 1,575 SF office space.
      12001 Fm 3083 Rd, Conroe, TX 77301
      View Details
    • Contact for pricing
      6,000 SF

      Conroe Industrial Warehouse For Lease

      Proposed industrial warehouse on 1.8 acres in Conroe, TX.
      3657 Butler Rd, Conroe, TX 77301
      View Details
    • Contact for pricing
      8,200 SF

      8,200 SF Industrial Property

      Two shell buildings totaling 8,200 SF on 3.36 acres.
      11838 Fm 3083 Rd, Conroe, TX 77301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Conroe Warehouse with Office Space

      4,500 SF warehouse with 1,500 SF office in Conroe.
      1998-2008 Airport Rd, Conroe, TX 77301
      View Details
    • $1.10 SF/Yr
      9,900 SF

      Conroe Office/Warehouse with Stabilized Yard

      9,900 SF office/warehouse on 1.82 acres available for lease.
      2112 Airport Rd, Conroe, TX 77301
      View Details
    • Contact for pricing
      11,700 SF

      Conroe Warehouse Space Available

      11,700 sq ft warehouse space for lease in Conroe.
      1208 Frazier St, Conroe, TX 77301
      View Details
    • $13 SF/Yr

      Adaptable Office-Warehouse Flex Spaces

      Versatile office-warehouse units in Conroe, TX, ranging from 1,726-13,834 SF.
      2007 Airport Rd, Conroe, TX 77301
      View Details
    • $1.05 SF/Yr
      7,000 SF

      7,000 SF Warehouse Available

      7,000 SF warehouse with office space and ample parking.
      806 Gladstell St, Conroe, TX 77301
      View Details
    • $13 SF/Yr
      5,000 SF

      Conroe Warehouse with Office Space

      Warehouse with office space for lease in Conroe, TX.
      12062-12068 Fm 3083 Rd, Conroe, TX 77301
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    805 Hilbig Rd
    Conroe, TX 77301-5435
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!