Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    9.494 Acres Commercial Land Available Title is generated by Realmo AI

    21066 US-59, New Caney, TX 77357

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land available for sale or ground lease.

    Type:Land
    Lot size:
    9.49 Acres
    Added:
    Jun 7, 2024
    Days on Market:
    728
    Last Refresh:
    May 12 at 10:21 pm

    Property Features for 21066 US-59

    General Information

    Standard status
    Active
    Lot size
    9.49 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Eric Rozelle

    Listing agent Eric Rozelle License #0551185

    Listing office Chodrow Realty Advisors

    Listing date Jun 7, 2024

    Source Crexi

    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 Chodrow Realty Advisors

    HighLights

    • Total of 9.494 Acres available.
    • Pad sites ranging from 1 Acre to 3.144 Acres available.
    • Sites available for sale or ground lease.
    • Detention to be built in the rear of the property.
    • Plans for a Vida Mariscos Seafood Restaurant on the second row.
    • Commercial development opportunity.

    Overview

    This commercial property features a total of 9.494 acres. Detention will be built in the rear of the property. Pad sites ranging from 1 acre to 3.144 acres are available for sale or ground lease. There are plans to build a Vida Mariscos Seafood Restaurant on the second row.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.227175
    Latitude
    30.139851

    Nearby Similar for Sale

    • $500,000
      2,668 SF

      Multi-Unit Residential Investment Opportunity

      Multi-family property with diverse rental income potential in New Caney.
      20918 Dunn, New Caney, TX 77357
      View Details
    • $599,000
      5,000 SF

      Commercial Space with Warehouse

      1.8-Ac commercial space with 5,000 SF warehouse.
      24090 FM 1485, New Caney, TX
      View Details
    • $1,975,000
      4,638 SF

      Warehouse Property on 1.45 Acres

      11,400 SF warehouse with office space on 1.45 acres.
      23210 FM 1485, New Caney, TX
      View Details
    • $160,000

      New Caney Land with RV

      1.64 acres with RV and utilities in place.
      149 Green, New Caney, TX 77357
      View Details
    • $125,000
      33,780 SF

      Land Available in New Caney

      Commercial land for sale in New Caney, Texas.
      19094 Galaxy Blvd, New Caney, TX 77357
      View Details
    • $1,985,300

      Unrestricted Land Near Grand Parkway

      10-acre unrestricted tract with high visibility and easy access.
      00 Forest Dr, New Caney, TX 77357
      View Details
    • $72,000

      Magnolia Estates Land Opportunity

      Two lots in New Caney, TX with no deed restrictions.
      8 County Road 3564, New Caney, TX 77357
      View Details
    • $72,000

      New Caney Land: Magnolia Estates

      Two lots in Magnolia Estates, New Caney, Texas.
      8 Cr 3564, New Caney, TX 77357
      View Details
    • $5,200,000
      4 SF

      Highway Frontage Commercial Property

      Commercial property with frontage on I-69/Hwy 59 for sale.
      20400 US Highway 59, New Caney, TX
      View Details
    • $110,000

      Commercial Lot with Development Potential

      Corner lot with potential for multi-unit or commercial development.
      2706 Appian Way, New Caney, TX 77357
      View Details
    • $4,900,000

      Development Site on TX-99 Frontage

      11.36-acre development site with TX-99 frontage in Opportunity Zone.
      32130 Cypress Hollow Drive, New Caney, TX 77357
      View Details
    • $1,559,000

      Prime Commercial Tract in New Caney

      2.4-acre commercial tract in rapidly expanding New Caney submarket.
      22688 Oakley Road, New Caney, TX 77357
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available for sale or ground lease.
    Where is this commercial land located?
    The property is located at 21066 US-59 New Caney, TX.
    What are key features of this property?
    This property features: Total of 9.494 Acres available.; Pad sites ranging from 1 Acre to 3.144 Acres available.; Sites available for sale or ground lease.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Rozelle
    Real Estate License ID: 0551185
    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
    21066 US-59, New Caney, TX 77357
    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!