Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Available in Willis, Texas Title is generated by Realmo AI

    15685 Wood Grove Way, Willis, TX 77378

    View on Map
    Claim this Listing
    For Sale
    $129,990

    Land for sale in Montgomery County, near FM 1097.

    Type:Land
    Added:
    Feb 17, 2026
    Days on Market:
    106
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 15685 Wood Grove Way

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    CW Ross

    Listing agent CW Ross License #0175926

    Listing office Keller Williams Realty Southwest

    Listing date Feb 17, 2026

    Source Evrealestate

    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 Keller Williams Realty Southwest

    HighLights

    • Montgomery County location
    • Located off FM 1097
    • Accessible via I‑45
    • Entrance past Tanyard Road
    • 5 miles from RR tracks on FM1097
    • North of Willis/FM 1097 exit

    Overview

    This land is located in Montgomery County, near FM 1097. To reach the property, drive north on I-45 and exit at Willis/FM 1097. Turn right onto FM 1097, cross the railroad tracks, and continue for 5 miles. The entrance is located just past Tanyard Road.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Building Supply Spa & Massage Center Hotel & Motel Auto Repair Shop Nail Salon Auto Parts Store Hair Salon Gym & Fitness Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Willis
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4482
    Latitude
    30.4217

    Nearby Similar for Sale

    • $2,350,000
      4,874 SF

      Modern Ranch Estate on 12 Acres

      Exceptional modern ranch estate on 12 acres with guest cottage.
      13547 Shepard Hill Road, Willis, TX 77318
      View Details
    • $3,490,000
      4,790 SF

      Move-in Ready Office Retail Suites

      Multi-tenant office/retail buildings with easy access to I-45.
      604 W Worsham St, Willis, TX
      View Details
    • $374,000
      1,274 SF

      New Duplex in Willis, Texas

      New construction duplex with modern finishes and income potential.
      106 Runnels St, Willis, TX 77378
      View Details
    • $600,000

      Unrestricted Corner Lot in Willis

      1.56-acre corner lot suitable for commercial or residential development.
      13382 Fm 2432 Road, Willis, TX 77378
      View Details
    • $350,000
      625 SF

      Multifamily Asset in Willis, Texas

      16-unit multifamily property in Willis, Texas, 100% occupied.
      214 Longstreet Rd, Willis, TX 77378
      View Details
    • $599,000
      3,460 SF

      Highway 75 Warehouse with Office

      3,460 SF warehouse with office space in Willis, TX.
      11130 N Highway 75, Willis, TX
      View Details
    • $12,500

      Residential Land Near Royal Forest Lake

      0.51-acre lot near Royal Forest Lake with community amenities.
      Royal Crk Road, Willis, TX 77303
      View Details
    • $6,857,610
      4,954 SF

      Clearwater Express Car Wash

      Car wash property for sale in Willis, Texas.
      111 Holland St, Willis, TX 77378
      View Details
    • $790,000
      4,098 SF

      Lake Conroe Triplex Investment Opportunity

      Triplex near Lake Conroe with income potential and highway access.
      14010 Longstreet Road Unit#2, Willis, TX 77318
      View Details
    • $1,150,000

      Land in Path of Growth

      Land surrounded by development with utilities and road access.
      11242 Longstreet Rd, Willis, TX 77318
      View Details
    • $120,000

      Unrestricted Land Tract in Willis

      2.51-acre unrestricted land with mature trees, ideal for custom home.
      15685 Mckay Rd, Willis, TX 77378
      View Details
    • $2,919,635

      Lake Conroe Land Tract

      Large land tract near Lake Conroe, suitable for development.
      0 Calvary Rd, Willis, TX 77318
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in Montgomery County, near FM 1097.
    Where is this land located?
    The property is located at 15685 Wood Grove Way Willis, TX.
    What is the asking price?
    The asking price for this property is $129,990.
    What are key features of this property?
    This property features: Montgomery County location; Located off FM 1097; Accessible via I‑45
    (713) 594-7500
    We can help!
    Listing Contact
    CW Ross
    Real Estate License ID: 0175926
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    15685 Wood Grove Way, Willis, TX 77378
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!