15023 Old Conroe Road
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 8, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | $810,000 | |
| Listed by Better Homes and Gardens Real Estate Gary Greene - Lake Conroe South | |||
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Country living done right on this beautiful 5 acre + Equestrian property! Conveniently located in Red Oak Ranch near shopping, restaurants, and The Woodlands. Traditional brick home features beautiful hardwood flooring and crown molding throughout the common areas. Study has wooden built-ins, with large arched window. The kitchen has classic finishes including granite countertops, tile backsplash, and stainless steel appliances. Kitchen opens to the family room with stacked stone fireplace, breakfast room, and formal dining room. The home is perfect for entertaining! Primary suite overlooks the lush backyard, en-suite with double sinks, separate vanity area, shower, soaking tub, and dual closets. Game room has a large custom bar and cabinetry. Outdoor covered patio with summer kitchen and stone fireplace is ideal for relaxing and watching the game! Huge 40x60 shop/barn with private guest quarters 3/1 (so many possibilities ~1000sf)! Discover this equestrian paradise for yourself!
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| Apr 1, 2022 | Sold | ||
| Sold | |||
| Feb 21, 2022 | Listed by BHGRE Gary Greene | $699,000 | |
| Listed by BHGRE Gary Greene | |||
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Welcome home to country living in this Equestrian neighborhood of Red Oak Ranch. Outdoor covered patio, kitchen and fireplace w/views of acreage, huge 40x60 barn/shop, plus 3/1 GUEST HOUSE (~1000 sf). Archways, high ceilings, crown molding, and gorgeous wooden floors throughout the common area. The private study has built-ins and a large arched window. Kitchen features granite counters, breakfast bar, under mount sink, pantry, tiled back splash and floors; open to the family/dining & additional breakfast area. Dining area and additional breakfast area feature unique lighting fixtures. Family room boasts stacked stone gas fireplace/mantel with windows overlooking spa and park-like back pasture. Secondary bedrooms have full baths, large windows and plenty of storage in closets. Updated carpet in all bedrooms. Enormous Game/media room with custom bar, cabinetry and access to a side patio. Bring the horses and enjoy a slice of heaven! Just minutes from restaurants, shopping and schools.
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About Red Oak Ranch
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Last Updated: 6 months ago
Data Source: HAR , MLS# 80946929
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