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

    16475 1st Street Splendora, TX 77372

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $8,000,000

    Land available in Splendora, TX.

    Type:Land
    Added:
    Mar 5, 2026
    Days on Market:
    43
    Last Refresh:
    Mar 16 at 8:58 am

    Property Features for 16475 1st Street

    General Information

    Standard status
    Active
    Property subtype
    Land

    Building Details

    Year Built
    1956

    We can help!

    Listing Contact
    Joseph Spurlock

    Listing agent Joseph Spurlock License #0591101

    Listing office

    Listing date Mar 5, 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 Joseph Spurlock

    Overview

    Land For Sale Splendora, TX

    Located in Montgomery County, this land is available for sale in Splendora, TX. The property can be found using GPS.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.156587
    Latitude
    30.21134

    Nearby Similar for Sale

    • $325,000

      Food Truck Ready Site

      Commercial property suitable for food trucks, dining, or retail.
      24895 Lakewood Drive, Splendora, TX 77372
      View Details
    • $599,000
      4,800 SF

      Former Automotive Retail Building

      4,800 SF commercial space in high-growth area.
      14042 Old HWY 59 N, Splendora, TX 77372
      View Details
    • $239,900
      1,168 SF

      Adaptable Building on FM 2090

      Single-story building suitable for office, retail, or service business.
      26785 Fm 2090 Rd, Splendora, TX
      View Details
    • $8,000,000

      Entitled Land Near I-69

      87 acres of entitled land ready for development near I-69.
      16475 1st Street, Splendora, TX 77372
      View Details
    • $775,000

      7-Acre Splendora Tract For Sale

      7+/- acre tract suitable for residential or commercial development.
      14021 Cox Street, Splendora, TX 77372
      View Details
    • $2,108,610

      Highway Frontage Commercial Land

      4.8 acres with highway frontage and utilities available.
      13720 Highway 59, Splendora, TX 77372
      View Details
    • $399,900

      East River Industrial Park Land

      1.06-acre corner lot in East River Industrial Park.
      13628 Kennedy Dr, Splendora, TX
      View Details
    • $525,000

      Cleared Land Parcel For Sale

      3.0 acre cleared land parcel available for purchase.
      27647 Fm 2090 Road, Splendora, TX 77372
      View Details
    • $399,900

      Splendora Industrial Park Land Opportunity

      1.06-acre property in East River Industrial Park, Splendora, TX.
      13628 Kennedy Drive, Splendora, TX 77372
      View Details
    • $519,380

      Land on FM 2090 Frontage

      Land with frontage, gated entry, and convenient location.
      28585 Fm 2090 Road, Splendora, TX 77372
      View Details
    • $899,380
      2,663 SF

      Cleared Land with Residential Home

      8.46 acres near US59 with home, ideal for development.
      15953 1st St, Splendora, TX 77372
      View Details
    • $3,900,051

      Splendora Land with Highway Frontage

      Land with excellent I-69 exposure and easy highway access.
      14148 US-59, Splendora, TX
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Splendora, TX.
    Where is this land located?
    The property is located at 16475 1st Street Splendora, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: Located in Montgomery County; Year Built: 1956; Directions: GPS
    (972) 732-6000
    We can help!
    Listing Contact
    Joseph Spurlock
    Real Estate License ID: 0591101
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!