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

    12240 High Fire Rd Montgomery, TX 77356

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $450,000

    Country property with horse stalls, pastures, and arena.

    Lot size:
    2.43 Acres

    Property Features for 12240 High Fire Rd

    General Information

    Standard status
    Active
    Lot size
    2.43 Acres

    We can help!

    Listing Contact
    Jamie Hyde
    Source: Corcoran

    Listing Agency: STONEBURNER & ASSOCIATES Listing Agent: Jamie Hyde

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

    Learn more

    Overview

    Equestrian Property with Arena

    This country property is suited for farm and ranch needs. It features a small creek at the back of the property, along with 7 horse stalls (5 measuring 12x22 and 2 measuring 12x12), and 2 small pastures. An arena area measures 110x170. The property includes unfinished living quarters of 390 square feet, requiring sheetrock for the walls. Several buried water spickets converted to PEX piping are located throughout the property. Lighting is available for the arena area.
    Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Real Estate Agency Pet Grooming Service Locksmith

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.75903
    Latitude
    30.426928

    Nearby Similar for Sale

    • $4,450,000
      13,250 SF

      Modern Retail Property in Montgomery

      Built in 2021, 81% leased, upside potential.
      Old River Rd, Montgomery, TX 77356
      View Details
    • Contact for pricing
      20,000 SF

      Retail/Office Space For Sale

      Retail and office space available for lease in Montgomery, TX.
      895 Fish Creek Thoroughfare, Montgomery, TX 77316
      View Details
    • Contact for pricing
      42,680 SF

      Retail Space in Woodforest

      Retail space available in a master-planned community.
      810 Pne Market Ave, Montgomery, TX 77316
      View Details
    • $399,000
      1,384 SF

      Charming Home on FM 1486

      Versatile property with high visibility, ideal for residential or commercial.
      0000 S Fm 1486 Rd, Montgomery, TX 77316
      View Details
    • $1,775,000
      5,580 SF

      Retail Building on Highway 105

      Retail building with established tenant and development potential.
      18413-18417 Tx-105, Montgomery, TX
      View Details
    • $478,000

      Conroe Specialty Property For Sale

      Specialty property located in Conroe, Texas, available for purchase.
      134 April Point Dr S, Montgomery, TX 77356
      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 Rd, Montgomery, TX 77316
      View Details
    • $599,000

      Montgomery, TX Acreage with Business

      7.9 acres with multiple living quarters and business potential.
      25670 Taylor St, Montgomery, TX 77356
      View Details
    • $699,000

      Ranch Home with Workshop & Acreage

      Charming ranch on 11.5 acres near Lake Conroe.
      23405 Martha Williams Rd, Montgomery, TX 77356
      View Details
    • $850,000

      Equestrian Property with Irrigated Pastures

      Four-bedroom home with horse barn and paddocks on six acres.
      306 N Fish Creek Thoroughfare N, Montgomery, TX 77316
      View Details
    • $350,000

      Grimes County Acreage For Sale

      6.375 acres in Grimes County with easy highway access.
      9041 Lakecrest Dr, Montgomery, TX 77356
      View Details
    • $2,990,000

      Sprawling Acreage in Montgomery ISD

      Unrestricted acreage with a four-bedroom home in Woodforest.
      110 Cadence Ct, Montgomery, TX 77316
      View Details

    FAQs

    What type of property is this?
    Horse & equestrian property - Country property with horse stalls, pastures, and arena.
    Where is this horse & equestrian property located?
    The property is located at 12240 High Fire Rd Montgomery, TX.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Ready-to-use horse facilities: **7 stalls, 2 pastures, and a 110x170 arena.**; - Small creek located on the property.; - Unfinished 390 sqft living quarters.
    (713) 686-8844
    Request Owner's contact information
    12240 High Fire Rd Montgomery, TX 77356
    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.
    12240 High Fire Rd
    Montgomery, TX 77356
    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
    12240 High Fire Rd Montgomery, TX 77356
    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
    Jamie Hyde
    (713) 686-8844 (713) 598-1756
    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!