Add Listing
    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

    27316 Frye Rd Splendora, TX 77372

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $214,000

    Over 2 acres of unrestricted land near US HWY 59.

    Lot size:
    2.50 Acres

    Property Features for 27316 Frye Rd

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres

    We can help!

    Listing Contact
    Dillon Harrell
    Source: Elliman

    Listing Agent: Dillon Harrell

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

    Learn more

    Overview

    Unrestricted Land with Towering Trees

    This property features over 2 acres of unrestricted land improved with towering trees. Public water is available at the street. The location offers close proximity to US HWY 59 and TX 99, placing it less than 45 minutes from downtown Houston. This property is suitable for development.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store HVAC Service Bed & Breakfast Plumbing Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.13982
    Latitude
    30.207415

    Nearby Similar for Sale

    • $325,000

      Food Truck Ready Site

      Commercial property suitable for food trucks, dining, or retail.
      24895 Lakewood Dr, 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
    • $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
    • $295,000

      New Duplex with Rental Potential

      Modern duplex built in 2025, ideal for investors.
      26471 Joy Village Dr, 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
    • Contact for pricing

      Splendora Retail Pad Sites

      Prime Pad Sites, US-59, Texas
      14560 Us-59 Bus, Splendora, TX 77372
      View Details

    FAQs

    What type of property is this?
    Land - Over 2 acres of unrestricted land near US HWY 59.
    Where is this land located?
    The property is located at 27316 Frye Rd Splendora, TX.
    What is the asking price?
    The asking price for this property is $214,000.
    What are key features of this property?
    This property features: - Over 2 acres of land offering development flexibility.; - Convenient access to US HWY 59 and TX 99.; - Less than 45 minutes from downtown Houston.
    (281) 684-5227
    Request Owner's contact information
    27316 Frye 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.
    27316 Frye 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
    27316 Frye 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
    Dillon Harrell
    (281) 684-5227 (936) 661-5733
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!