Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    23848 Bailey Grove Rd Montgomery, TX 77356

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $1,137,500

    35-acre unrestricted wooded tract near Montgomery, TX.

    Lot size:
    35.00 Acres

    Property Features for 23848 Bailey Grove Rd

    General Information

    Property type
    Farm and Ranch Properties
    Standard status
    Pending
    Lot size
    35.00 Acres

    We can help!

    Listing Contact
    Larry Jacobs
    Larry Jacobs
    Source: Elliman

    Listing Agency: JACOBS PROPERTIES Listing Agent: Larry Jacobs

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

    Learn more

    Overview

    Unrestricted Wooded Land in Montgomery, TX

    This is a 35-acre tract of heavily wooded land located on Bailey Grove Rd in Montgomery, TX. The property is unrestricted and offers potential for various uses. It features a dense mix of mature hardwoods and pine, providing cover for wildlife and natural beauty. The property is suitable for building a dream home, a weekend retreat, or for recreational use. There are no HOA or deed restrictions. The property is located near Montgomery, Lake Conroe, and The Woodlands. Utilities and access are to be verified by the buyer.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.72749
    Latitude
    30.448719

    Nearby Similar for Sale

    • $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
    • $874,900

      Montgomery Ranch with Workshop and Barn

      9.05 acres with ranch home, workshop, stalls, and barn.
      1801 N Mount Mariah Rd, Montgomery, TX 77356
      View Details
    • $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
    • $1,995,000

      Wildlife Exempt Acres Near Montgomery

      Unrestricted 44-acre property with ponds, barns, and barndo.
      23004 Landrum Village Dr, Montgomery, TX 77316
      View Details
    • $699,000
      Pending

      Ranch Home on 11.5 Acres

      Charming ranch home with workshop, barn, and outdoor kitchen.
      23405 Martha Williams Rd, Montgomery, TX 77356
      View Details
    • Contact for pricing

      745 Acre Ranch Near Montgomery

      Large acreage ranch with frontage on FM 1486.
      2268 S Fm 1486 Rd, Montgomery, TX 77316
      View Details
    • $1,999,000
      Pending

      Equestrian Ranch in Sunset Ranch

      Unique 9.9-acre equestrian ranch with luxury home and amenities.
      17303 Sunset Ranch Dr, Montgomery, TX 77316
      View Details
    • $699,000
      Pending

      Ranch Home with Workshop & Acreage

      Charming ranch on 11.5 acres near Lake Conroe.
      23405 Martha Williams Rd, Montgomery, TX 77356
      View Details
    • $1,250,000

      20 Acre Equestrian/Hobby Farm Property

      20 acre property ideal for equestrian use or hobby farming.
      3927 N Fm 1486 Rd, Montgomery, TX 77356
      View Details
    • $2,099,000

      Renovated 8-Unit Complex Near Lake

      Luxurious, renovated 8-unit complex near Lake Walden.
      12455 Melville Dr, Montgomery, TX 77356
      View Details
    • $450,000

      Equestrian Property with Arena

      Country property with horse stalls, pastures, and arena.
      12240 High Fire Rd, Montgomery, TX 77356
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 35-acre unrestricted wooded tract near Montgomery, TX.
    Where is this agricultural land / farmland located?
    The property is located at 23848 Bailey Grove Rd Montgomery, TX.
    What is the asking price?
    The asking price for this property is $1,137,500.
    What are key features of this property?
    This property features: - Unrestricted 35-acre tract: Build, hunt, explore, or develop without restrictions.; - Private and serene setting: Heavily wooded with mature hardwoods and pine.; - Excellent wildlife cover: Dense woods ideal for hunting and wildlife observation.
    (936) 537-8039
    Request Owner's contact information
    23848 Bailey Grove 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.
    23848 Bailey Grove 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
    23848 Bailey Grove 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
    Larry Jacobs
    Larry Jacobs
    Real Estate License ID: 0124795
    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!