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

    12408 Anderson Rd Willis, TX 77318

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner commercial land with home and barn on FM 1097.

    Lot size:
    4.60 Acres

    Property Features for 12408 Anderson Rd

    General Information

    Lot size
    4.60 Acres

    We can help!

    Listing Contact
    Theresa Frazier
    Source: Moodyscre

    Listing Agency: HEART OF TEXAS REAL ESTATE & MGMT. CO. Listing Agent: Theresa Frazier

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

    Learn more

    Overview

    Corner Tract on FM 1097

    This corner tract is located on FM 1097 at Anderson Rd, offering approximately 590 feet of frontage on FM 1097 and 360 feet on Anderson Rd. The property is primarily intended for commercial use. It includes a Texas/Western-style home with an approximate area of 2250 square feet, as well as a barn measuring approximately 85 feet by 42 feet under cover, with an enclosed area of approximately 60 feet by 30 feet. The water well depth is around 210 feet, according to the seller.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.524734
    Latitude
    30.421904

    Nearby Similar for Sale

    • $975,000
      2,748 SF

      Unrestricted Acreage with Farmhouse

      Farmhouse on 11+ unrestricted acres with horse barn and pool.
      7000 Woodland Lake Dr, Willis, TX 77378
      View Details
    • $943,500
      1,860 SF

      Willis Acreage with Custom Home

      Unrestricted 11-acre property with custom home and equestrian facilities.
      159 E Double Creek Rd, Willis, TX 77378
      View Details
    • $3,750,000

      102+ Acre Pasture and Timber Tract

      Native pasture and timber tract perfect for ranching or development.
      10994 N Bilnoski Rd N, Willis, TX 77378
      View Details
    • $810,000

      Lake Conroe Triplex Investment Opportunity

      New triplexes in gated community near Lake Conroe.
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $820,000

      Lake Conroe Triplex Investment Opportunity

      Move-in ready triplexes in gated Lake Conroe community.
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $790,000

      Lake Conroe Triplex Investment Opportunity

      Gated community triplex near Lake Conroe, ready for move-in.
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $790,000

      Lake Conroe Triplex Investment Opportunity

      Gated community triplex near Lake Conroe, pre-selling now!
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $790,000
      Pending

      Lake Conroe Triplex Investment Opportunity

      Gated community triplex near Lake Conroe, ideal for investors.
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $790,000
      Pending

      Lake Conroe Area Triplex Investment

      Gated community triplex near Lake Conroe, ideal investment property.
      14010 Longstreet Rd, Willis, TX 77318
      View Details
    • $440,000

      Versatile Property in Willis, TX

      Commercial/residential opportunity in Willis' rapidly expanding business corridor.
      123 Business Park Dr, Willis, TX
      View Details
    • $892,800

      Unrestricted Acreage Near I-45

      11+ unrestricted acres in Willis, TX, ideal for various uses.
      11 W Danville Rd, Willis, TX 77378
      View Details

    FAQs

    What type of property is this?
    Land - Corner commercial land with home and barn on FM 1097.
    Where is this land located?
    The property is located at 12408 Anderson Rd Willis, TX.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: - High-traffic corner lot location on FM 1097 and Anderson Rd.; - Boasts approximately 590' of frontage on FM 1097 and 360' on Anderson Rd.; - Includes a 2250 sq.ft. TX/Western style home.
    (936) 661-0168 Call to check price and availability
    Request Owner's contact information
    12408 Anderson Rd Willis, TX 77318
    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.
    12408 Anderson Rd
    Willis, TX 77318
    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
    12408 Anderson Rd Willis, TX 77318
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Theresa Frazier
    Real Estate License ID: 0318397
    (936) 661-0168 (936) 291-7777
    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!