Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Tract For Sale Title is generated by Realmo AI

    1005 Fm 149, Montgomery, TX 77316

    View on Map
    Claim this Listing
    For Sale
    $950,000

    17-acre unrestricted tract with utilities and development potential.

    Type:Land or Vacant Lot
    Lot size:
    17.00 Acres
    Added:
    Apr 6, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 8 at 8:26 pm

    Property Features for 1005 Fm 149

    General Information

    Standard status
    Active
    Lot size
    17.00 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    CHRISTOPHER WREN

    Listing agent CHRISTOPHER WREN License #0634619

    Listing office TREATY OAK DEVELOPERS, LLC

    Listing date Apr 6, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of TREATY OAK DEVELOPERS, LLC

    HighLights

    • Unrestricted 17‑acre tract in Montgomery County offering maximum flexibility.
    • Shovel‑ready opportunity with significant infrastructure progress.
    • Direct access to FM 149 in a rapidly growing area north of Houston.
    • Utilities available: Single and 3‑phase power at the front of the property, and water service through CR Water Supply.
    • Recently de‑annexed from the City of Montgomery’s ETJ.
    • Ideal for residential communities, commercial projects, or private estates.

    Overview

    This is a ±17-acre tract located in Montgomery County. The property is unrestricted and was recently de-annexed from the City of Montgomery’s ETJ. It offers flexibility for residential, commercial, or mixed-use development with direct access to FM 149. Clearing has begun at the back of the property, and a preliminary drainage plan is in place. A TCEQ discharge permit is currently in process for 0.03 MGD of treated wastewater. Single and 3-phase power are available at the front of the property along FM 149. Water service is available through CR Water Supply. It is suited for residential communities, commercial projects, or private estates.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.698834
    Latitude
    30.292127

    Nearby Similar for Sale

    • $4,450,000
      13,250 SF

      Modern Retail Property in Montgomery

      Built in 2021, 81% leased, upside potential.
      Old River Road, Montgomery, TX
      View Details
    • $999,999

      Prime Corner Commercial Land Opportunity

      Corner lot with utilities, high visibility, and development potential.
      15201 Walden Rd, Montgomery, TX 77356
      View Details
    • $399,000

      Wooded Golf Course Lot

      Private wooded homesite backing the 12th hole of High Meadow Ranch Golf Course, steps from clubhouse amenities.
      37432 Clubhouse Lane, Montgomery, TX 77355
      View Details
    • $1,100,000
      2,051 SF

      Equestrian Estate on Unrestricted Acres

      8.853-acre equestrian property with barn, pool, and pond.
      22973 Continental Quarters, Montgomery, TX 77316
      View Details
    • $1,549,000

      Land Between Bentwater Entrances

      Land with good drainage and high-income neighborhood.
      17595 FM 1097, Montgomery, TX 77356
      View Details
    • $534,000

      Multi-Use Land Near Lake Conroe

      4-acre multi-use land near Bentwater and Lake Conroe.
      12526-4 Pearson Rd, Montgomery, TX 77356
      View Details
    • $6,750,000
      2,308 SF

      Montgomery Retreat with Updated Home

      Private 106-acre retreat with updated home, pool, and pond.
      2757 Saint Beulah Chapel Rd, Montgomery, TX 77316
      View Details
    • $2,350,000
      5,158 SF

      Turn-Key Ranch Estate with Barn

      12-acre ranch estate with 22-stall barn, 60 minutes from Houston.
      2743-2 Bobville Road, Montgomery, TX 77316
      View Details
    • $725,000

      Parklike Acres Near Montgomery

      7.25 acres with pastures, ponds, barns, and utilities.
      12494-725B Hill Creek Road, Montgomery, TX 77356
      View Details
    • Contact for pricing
      10,800 SF

      Montgomery Commercial Property on FM 2854

      10,800 SF commercial property with existing tenant income.
      20820 FM 2854 Rd, Montgomery, TX 77356
      View Details
    • $45,000

      Residential Lot Near Lake Conroe

      0.24-acre wooded lot in established lake community near Lake Conroe.
      5265 Pecan Tree Lane, Montgomery, TX 77316
      View Details
    • $45,000

      Residential Lot in Tri Lake Estates

      0.24-acre wooded lot with community amenities near Lake Conroe.
      5265 Pecan Tree Lane, Montgomery, TX 77316
      View Details

    FAQs

    What type of property is this?
    Land - 17-acre unrestricted tract with utilities and development potential.
    Where is this land located?
    The property is located at 1005 Fm 149 Montgomery, TX.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Unrestricted 17‑acre tract in Montgomery County offering maximum flexibility.; Shovel‑ready opportunity with significant infrastructure progress.; Direct access to FM 149 in a rapidly growing area north of Houston.
    (281) 705-6416
    We can help!
    Listing Contact
    CHRISTOPHER WREN
    Real Estate License ID: 0634619
    Learn More
    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.
    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

    Thank You for Inquiry
    1005 Fm 149, Montgomery, TX 77316
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!