Mixed-Use Property with Metal
For Sale
$385,000
24077 Fm 1485 Road, New Caney, TX 77357
Unrestricted site combines office-residential improvements with additional space for business operations.
Property Size1,152 SF
Price / SF$334.20
Days on Market22
Property Features for 24077 Fm 1485 Road
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Income
Taxes and HOA fees
Annual Taxes
$284
Amenities
1
Owner
Balcony
Yes
Partial
Cleared
60024
Appraiser
1152
Building Details
Building Size
1,152 SF
Year Built
2016
Stories
2
Listing Agency:
RE/MAX Advanced Real Estate - Buffalo TX
(281) 646-1136
Listed By:
Silvia Armendariz
(832) 677-2160
Source:
Garygreene
Added: Sep 16
Changed: Oct 6
Last Checked: Oct 7 at 10:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Advanced Real Estate - Buffalo TX
Investment Insights
Based on property information with market context.
This mixed-use property includes two separate home-office improvements on approximately 1.38 acres. The primary two-story building contains approximately 1,152 square feet, with one bedroom or office upstairs and 1.5 baths. A second home-office offers approximately 900 square feet, including two bedrooms or offices and one bath. Both improvements were built in 2016.
A separate 70' x 40' x 20' high metal building adds substantial covered space for business use. The property fronts FM 1485 E and is within minutes of Hwy 59 and the Grand Pkwy. Its unrestricted designation supports consideration for commercial or residential use, subject to applicable requirements.
A separate 70' x 40' x 20' high metal building adds substantial covered space for business use. The property fronts FM 1485 E and is within minutes of Hwy 59 and the Grand Pkwy. Its unrestricted designation supports consideration for commercial or residential use, subject to applicable requirements.
Key Highlights
- Approximately 1.38 acres with FM 1485 E frontage
- Two‑story home‑office contains approximately 1,152 sf, one bedroom/office, and 1.5 baths
- Adjacent home‑office provides approximately 900 sf with two bedrooms/offices and one bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,923
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,460
$238.5K
Cap Rate 7%
$170,329
$170.3K
Cap Rate 9%
$132,478
$132.5K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.7K $18.00/SF
− Vacancy
−$1.7K −$1.44/SF
EGI
$19.1K $16.56/SF
− OpEx
−$7.2K −$6.21/SF
NOI
$11.9K $10.35/SF
Area
Montgomery County, TX
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,460
Cap Rate 7%
$170,329
Cap Rate 9%
$132,478
Alternative Uses
Best Use
Mixed Use
$170.3K
$149.0K – $198.7K
NOI $11,923 @ 7.0% cap · market cap 3.10%
Second Best
Warehouse
$101.7K
$89.0K – $118.7K
NOI $7,120 @ 7.0% cap · market cap 1.85%
Theoretical Best
Specialty Retail
$290.8K
$254.5K – $339.3K
NOI $20,358 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 77357, TX
30,339
Population
12,638
Households
2.4
Avg Household Size
34
Median Age
15%
College-Educated
80%
High-School Grad
67.1 sq mi
ZIP Area
452
Density / Sq Mi
$73,773
Median Household Income
$40,211
Median Earnings
$1,366
Median Rent
$218,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unrestricted site combines office-residential improvements with additional space for business operations.
Where is this mixed-use property located?
The property is located at 24077 Fm 1485 Road New Caney, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Approximately 1.38 acres with FM 1485 E frontage; Two‑story home‑office contains approximately 1,152 sf, one bedroom/office, and 1.5 baths; Adjacent home‑office provides approximately 900 sf with two bedrooms/offices and one bath
