Confidentiality Agreement

Please review and complete the required information for the CA to gain access to this property...

I have read and agree to the Confidentiality Agreement


Share this property with your friends

Please type comma separated emails if you want to share these properties with multiple people.

Submit Offer

15.62 Acre Unrestricted Land

15040 FM 2854 Rd, Montgomery, TX, 77316
Created: February 3, 2021 , Last Updated: July 18, 2023
Recently Sold

Property Highlights

    • ​Land has been cleared and is ready for your business.
    • ​Great visibility and less than 2.5 miles from Lake Conroe.
    • ​Owner does have a survey as well as topo work and site plan for Boat & RV with Mini Climate Storage facility that can be given to the new owner.
    • ​Water is available to the site through Mid South.
    • ​There is a 60' (14' X 48') billboard on the property that the owner would like to retain.
    • ​Seller will consider owner financing.
    • ​Traffic along FM 2854 exceeds 13,000 VPD.
    • ​Location is surrounded by numerous planned and proposed/future residential and mixed use developments and is less than 2.5 miles to Lake Conroe.
    • ​CISD building new middle school campus on McCaleb to be finished in 2022.
    • ​Population growth within 3 miles will exceed 18% by 2025.
    • ​Average household income within 3 miles exceeds $116,000.

Property Details

  • Price: $2,552,000
  • Property Type: Land
  • Availability: Recently Sold
  • Transaction Type: Recently Sold
  • Lot Size: 15.62 AC
  • Zoning Description: None
  • APN/Parcel ID: 0527-00-00415; 0527-00-00410

Property Description

Conroe is a rapidly growing city located in the southeast portion of the great state of Texas.​ It is the seat of Montgomery County and a principal city in the Houston–The Woodlands–Sugar Land metropolitan area.​ It is about 40 miles north of Houston and 10 miles north of The Woodlands.​ As of 2019, total population exceeded 91,000 up from 65,000 in 2010, a 39% increase.​ From 2017 to 2022, the Lake Conroe area is expected to gain an additional 18,000 new residents and 221,947 new residents between the years 2025 and 2045.​

Additionally there are 83,037 new homes expected to be built within the Lake Conroe area between 2025 and 2045 coupled with an increase of 86,992 jobs.​ There are numerous attractions found in this city, however the main driver and destination of weekend traffic is the 22,000 acre man made Lake Conroe.​

Storage facilities in the area serve customers from a large territory.​ For boat & RV facilities the primary market area (PMA) might be up to a 30 minute drive to the facility which includes most of Montgomery County and a small part of Harris County.​ It is estimated there are up to 15,300 RV’s and 19,660 boats registered in the PMA providing ample demand for storage near the lake.​

This location would be ideal for multi-family, storage, office/warehouse or an RV park.​

Download File

Download File

Download Offering Memorandum

3D Tour

Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00


Income & Expenses



Total Expenses
$ 0.00
$ 0.00
Net Operating Income$0.00$0.00
Less Debt Service$0$0
Potential Net Cash Flow$0.00$0.00
Cash on Cash Return0.00 %0.00 %
Capitalization Rate0.00 %0.00 %

Rent Roll

Current Monthly Rent
Potential Monthly Rent
Lease Expires


$ 0.00

$ 0.00