Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    26724 Fm 2090 Rd Splendora, TX 77372

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,700,000

    Cleared 5.8 acre tract ready for development in Splendora.

    Property size:
    252,648 SF
    Lot size:
    5.80 Acres

    Property Features for 26724 Fm 2090 Rd

    General Information

    Size
    252,648 SF
    Lot size
    5.80 Acres

    We can help!

    Listing Contact
    Ken Couvillion
    Ken Couvillion
    Source: Moodyscre

    Listing Agent: Ken Couvillion

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

    Learn more

    Overview

    Unrestricted Land Tract in Splendora

    This is one of the limited tracts available on FM 2090 within the City of Splendora and is unrestricted. The cleared 5.8 acre tract is ready for development and features approximately 218 feet of road frontage with an existing road easement onto FM 2090, as well as 1,015 feet along Splenwood Drive. Full utility services are available. The property is located in Flood Plain "X". A new survey will be required at the buyer's expense. Utility services should be verified with the City of Splendora and the Montgomery County Engineering Department.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.152648
    Latitude
    30.22745

    Nearby Similar for Sale

    • $394,999

      Multifamily Property Near Downtown Splendora

      Multifamily property suitable for commercial and residential use.
      26752 Diamond Sq, Splendora, TX 77372
      View Details
    • $3,500,000
      22,000 SF

      Splendora Industrial Property For Sale

      22,000 SF office/warehouse on 3.01 acres with highway frontage.
      12586 Highway 59, Splendora, TX 77372
      View Details
    • $200,000
      1,216 SF

      Updated Mobile Home on Acre Lot

      Move-in ready mobile home with recent updates on a full acre.
      27655 County Road 3743, Splendora, TX 77372
      View Details
    • $299,500

      New Duplex with Rental Potential

      Modern duplex built in 2025, ideal for investors.
      26471 Joy Village Dr, Splendora, TX 77372
      View Details
    • $415,000

      Splendora Duplex with City Utilities

      Duplex with easy access to I-69 and city utilities.
      25528 Ipes Rd, Splendora, TX 77372
      View Details
    • $599,000
      4,800 SF

      Retail Property in Splendora, TX

      Retail property with 4,800 square feet of space for sale.
      14042 Old Highway 59 N, Splendora, TX 77372
      View Details
    • Contact for pricing

      Splendora Retail Pad Sites

      Prime Pad Sites, US-59, Texas
      14560 Us-59 Bus, Splendora, TX 77372
      View Details
    • $593,800
      130,680 SF

      Prime Splendora Retail Property

      3-Acre Convenience Store & Gas Station
      28585 Fm 2090 Rd, Splendora, TX 77372
      View Details
    • $999,000

      Splendora Truck Stop - $999K

      Prime Food Truck Haven, I-Access
      24900 Hill And Dale Ave, Splendora, TX 77372
      View Details
    • $953,768

      Splendora Hotel & Restaurant Investment

      Prime Hwy 59 location, high-growth area.
      14148 Old Hwy 59N, Splendora, TX 77372
      View Details

    FAQs

    What type of property is this?
    Land - Cleared 5.8 acre tract ready for development in Splendora.
    Where is this land located?
    The property is located at 26724 Fm 2090 Rd Splendora, TX.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: - Unrestricted land within the City of Splendora; - Cleared and ready for development; - **5.8 acre tract**
    (281) 358-2101
    Request Owner's contact information
    26724 Fm 2090 Rd Splendora, TX 77372
    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.
    26724 Fm 2090 Rd
    Splendora, TX 77372
    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
    26724 Fm 2090 Rd Splendora, TX 77372
    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

    We can help!
    Listing Contact
    Ken Couvillion
    Ken Couvillion
    (281) 358-2101
    Learn more
    Google sign-in failed. Please try again or use another login method.