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    23019 State Hwy, Unit 242 Splendora, TX

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    For Sale
    Contact for pricing

    High-traffic land suitable for restaurant, retail, or medical office.

    Lot size:
    10.56 Acres

    Property Features for 23019 State Hwy

    General Information

    Lot size
    10.56 Acres

    Source: Anne Vickery & Associates Realty LLC Agent Anne Vickery

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

    Overview

    Highway Frontage Commercial Land

    This commercial land offers 662 feet of frontage on a high-traffic highway. The property is located in an Opportunity Zone and is suitable for a restaurant, retail space, or medical office. It provides access to amenities such as Big Rivers Water Park and the Grand Parkway RV Resort. The location benefits from a daily traffic count of 79,819 vehicles passing US 59 and 8,509 vehicles along the highway. Situated approximately 5.5 miles from Highway 99, 15 miles from IAH Bush Airport, and 30 minutes from Downtown Houston, the property offers accessibility and growth potential.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.1610438
    Latitude
    30.2329914

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    FAQs

    What type of property is this?
    Commercial land - High-traffic land suitable for restaurant, retail, or medical office.
    Where is this commercial land located?
    The property is located at 23019 State Hwy, Unit 242 Splendora, TX.
    What are key features of this property?
    This property features: - 662 feet of frontage on high-traffic Hwy 242; - High daily traffic count: 79,819 vehicles on US 59 and 8,509 on Hwy 242; - Located in an Opportunity Zone
    (713) 907-9680
    Request Owner's contact information
    23019 State Hwy, Unit 242 Splendora, TX
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    Splendora, TX
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    Realmo Value Estimation

    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.

    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.

    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
    23019 State Hwy, Unit 242 Splendora, TX
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