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Days1294Days on Market
Views1view

$599,000

Highway 242, Conroe, TX, 77385

On MarketInfo
CommercialInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.71 acres

Land Information

APN5330-00-24200
SubdivisionGleneagles 01
Land UseCommercial
Legal DescriptionS533000 - GLENEAGLES 01, RESERVE A, ACRES 1.7138
Assessed Land Value$626,919
Assessment Year2025

About this property

Frontage on 242, less than a mile from I-45 and the Woodlands. This property is connected to another property directly south, different owners. This particular property is on 2 unimproved lots ...total 30,000 sf. On south side of Hwy 242, just east of I-45 North. This is prime property in a prime location. Unrestricted

Investor Tools

$0Estimated Mortgage Balance
$626,919Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,762 /month
Positive
Cash Flow Estimate:
$1,254 /month

Interested in this property?

Von Cooper

Better Homes and Gardens Real Estate Gary Greene - The Woodlands

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,421/month
$125/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,923
$626,919
2025
$626,919
N/A
$626,919
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,923
$626,919

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$626,919
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Conroe

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