Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    24055 Sorters Rd Porter, TX 77365

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,408,635

    31-acre tract with development potential in high-growth area.

    Property Features for 24055 Sorters Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Anne Vickery
    Source: Corcoran

    Listing Agent: Anne Vickery

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

    Learn more

    Property Insight Report

    Overview

    Prime Development Land Near Kingwood

    This 31-acre tract is located adjacent to the Oakhurst at Kingwood subdivision. Situated in a high-growth area of East Montgomery County, the parcel offers development potential for residential, commercial, or mixed-use projects. The property benefits from visibility and accessibility, with FM 1314 and Hwy 59 nearby. It is less than 10 minutes from Hwy 99 and Valley Ranch Town Center, 17 minutes to IAH Bush Intercontinental Airport, and under 30 minutes to Downtown Houston. The location provides regional connectivity in one of the fastest-growing corridors north of Houston.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Porter
    County
    Montgomery
    State
    Texas
    Longitude
    -95.274409
    Latitude
    30.097462

    Nearby Similar for Sale

    • $1,500,000

      Income-Producing Commercial Property on FM 1314

      Commercial property with multiple income-producing structures in high-growth area.
      23328 Fm 1314 Rd, Porter, TX 77365
      View Details
    • $1,583,000
      5,130 SF

      Former Bank Property For Sale

      Highly visible commercial site with existing infrastructure in Porter, TX.
      22240 Farris Green Rd, Porter, TX 77365
      View Details
    • $325,000

      Multifamily Property with Mobile Homes

      Multifamily property featuring five mobile homes on 0.5971 acres.
      25303 Colette Ln, Porter, TX 77365
      View Details
    • $3,900,000
      5,000 SF

      Move-in Ready Medical Office

      Fully built-out medical office in a rapidly growing area.
      24540 Fm 1314 Rd, Porter, TX 77365
      View Details
    • $278,000

      Income-Producing Property with Two Dwellings

      Property with a frame home and a mobile home.
      22536 Yancy Rd, Porter, TX 77365
      View Details
    • $1,100,000

      Retail/Office Space on FM 1413

      High-traffic location ideal for retail, office, or QSR.
      23214 Sorters Rd, Porter, TX 77365
      View Details
    • Contact for pricing

      Flex Warehouse Condos For Sale

      Flex warehouse condos available for sale, ranging from 1,750-11,900 SF.
      22031 E Knox Dr, Porter, TX 77365
      View Details
    • $1,000,050
      7,000 SF

      Industrial Property in Porter, Texas

      7,000 SF industrial property for sale in Porter, TX.
      23095 Yupon St, Porter, TX 77365
      View Details
    • Contact for pricing
      8,320 SF

      Retail Property in Porter, Texas

      Retail property with 8,320 square feet of space.
      24067 Ford Rd, Porter, TX 77365
      View Details
    • $1,326,600
      2,010 SF

      Porter Warehouse For Sale

      Texas Industrial Space, Excellent Location
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details
    • Contact for pricing
      3.58 Acres

      Porter, TX Multifamily Investment

      29-Unit Apartment Building, High Occupancy
      23431 Mcspadon Rd, Porter, TX 77365
      View Details
    • $1,782,000

      Porter Office Building For Sale

      Traditional office space in thriving Texas market.
      22985 Fm 1314 Rd, Porter, TX 77365
      View Details

    FAQs

    What type of property is this?
    Land - 31-acre tract with development potential in high-growth area.
    Where is this land located?
    The property is located at 24055 Sorters Rd Porter, TX.
    What is the asking price?
    The asking price for this property is $1,408,635.
    What are key features of this property?
    This property features: - 31± acre tract in high-growth East Montgomery County.; - Strong development potential for residential, commercial, or mixed-use projects.; - Excellent visibility and accessibility via FM 1314 and Hwy 59.
    (281) 732-4071
    Request Owner's contact information
    24055 Sorters Rd Porter, TX 77365
    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.
    24055 Sorters Rd
    Porter, TX 77365
    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
    24055 Sorters Rd Porter, TX 77365
    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!
    Listing Contact
    Anne Vickery
    (281) 732-4071
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.