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

    23650 Kingwood Pl Dr Kingwood, TX

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $522,720

    Land with utilities near I-69/Hwy 59 and Lone Star College.

    Lot size:
    1.00 Acre

    Property Features for 23650 Kingwood Pl Dr

    General Information

    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Adam Mcalpine
    Adam Mcalpine
    Source: Moodyscre

    Listing Agent: Adam Mcalpine

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

    Learn more

    Overview

    Kingwood Place Drive Land Available

    This commercial land offers approximately 185 feet of frontage on Kingwood Place Drive. The property has access to city of Houston water and sewer services. Utilities, natural gas, and fiber optic cable are available to the property line. The location is just west of I-69/Hwy 59, situated across from Lone Star College Kingwood. It provides convenient access to Intercontinental Airport, I-69/US 59, FM 1960, and Beltway 8. The property is located just off Kingwood Drive on Kingwood Place Drive.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Kingwood
    County
    Fort Bend
    State
    Texas
    Longitude
    -95.37
    Latitude
    29.77

    Nearby Similar for Sale

    • $344,900
      1,640 SF

      Kingwood Commercial Property on Loop

      High-traffic location with car wash and restaurant potential.
      22319 Loop, Kingwood, TX 77054
      View Details
    • $600,000
      2,160 SF

      Kingwood Retail Building on Loop

      Single-user retail building with ample parking and expansion potential.
      22210 Loop, Kingwood, TX 77054
      View Details
    • $13,100,000

      Retail Property Near New HEB

      Retail property shadow-anchored by HEB and Memorial Hermann Care Center.
      4550-4625 Kingwood Dr, Kingwood, TX
      View Details
    • Contact for pricing
      6,600 SF

      Kingwood Retail Investment Opportunity

      High-yield, 100% occupied retail center.
      23692 Hwy 59, Kingwood, TX 77339
      View Details

    FAQs

    What type of property is this?
    Land - Land with utilities near I-69/Hwy 59 and Lone Star College.
    Where is this land located?
    The property is located at 23650 Kingwood Pl Dr Kingwood, TX.
    What is the asking price?
    The asking price for this property is $522,720.
    What are key features of this property?
    This property features: - Approximately 185’ of frontage on Kingwood Place Drive; - City of Houston water and sewer; - Easy access to Intercontinental Airport, I-69/US 59, FM 1960 and Beltway 8
    (281) 973-4562
    Request Owner's contact information
    23650 Kingwood Pl Dr Kingwood, TX
    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.
    23650 Kingwood Pl Dr
    Kingwood, TX
    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
    23650 Kingwood Pl Dr Kingwood, TX
    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
    Adam Mcalpine
    Adam Mcalpine
    Real Estate License ID: 600646
    (281) 973-4562
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.