Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Land with Highway Exposure Title is generated by Realmo AI

    27201 Midline Rd, Cleveland, TX 77327

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Unrestricted land with excellent highway exposure in Liberty/Montgomery County.

    Type:Industrial, Land, Multifamily, Retail
    Added:
    Oct 16, 2024
    Days on Market:
    571
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 27201 Midline Rd

    General Information

    Standard status
    Active
    Property subtype
    Industrial, Land, Multifamily, Retail

    We can help!

    Listing Contact
    Anne Vickery

    Listing agent Anne Vickery License #TX / 9005105

    Listing office Anne Vickery Real Estate

    Listing date Oct 16, 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 Anne Vickery Real Estate

    HighLights

    • Unrestricted Land
    • Excellent Hwy 59 Exposure
    • Easy access to I‑69 (Hwy 59)
    • Located in Liberty /Montgomery County
    • Proximity to Grand Pkwy (Hwy 99) & Valley Ranch Town Ctr – 12 Miles
    • Opportunity Zone

    Overview

    This unrestricted land offers excellent exposure on Highway 59 and is located in Liberty/Montgomery County. It provides easy access to I-69 (Highway 59). The property is located 7.1 miles from Highway 242 and 12 miles from Grand Parkway (Highway 99) and Valley Ranch Town Center. Downtown Houston and IAH Bush Airport are approximately 25 minutes away. The property is located in an Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Liberty
    State
    Texas
    Longitude
    -95.134949
    Latitude
    30.268923

    Nearby Similar for Sale

    • $765,000
      3,284 SF

      Country Estate with Multiple Homes

      Sprawling estate with three homes and unrestricted acreage.
      1589 FM 163, Cleveland, TX 77327
      View Details
    • $75,900

      Land for Custom Dream Property

      Land offers freedom, convenience, and modern country living.
      013 CR 2307, Cleveland, TX 77327
      View Details
    • $140,000

      Cleveland Land Parcel For Sale

      0.51-acre parcel suitable for residential or commercial use.
      279 & 281 Road 5513, Cleveland, TX 77327
      View Details
    • $79,900

      Spacious Land in Cleveland, TX

      1.6 acre lot ideal for home, investment, or getaway.
      120 Eagle Creek Drive, Cleveland, TX 77328
      View Details
    • $217,999

      5.47 Acres in Tarkington Meadows

      Vacant lot in Cleveland, TX, ideal for building or investment.
      160 County Road 2267, Cleveland, TX 77327
      View Details
    • $840,000

      Prime Freeway Frontage Land

      3.437 acres with easy freeway access in Cleveland, TX.
      301 Birch Street, Cleveland, TX 77327
      View Details
    • $169,900

      Commercial Lot on US-59

      One-acre commercial lot in Cleveland, TX with US-59 access.
      1190 Highway 59 S, Cleveland, TX 77327
      View Details
    • $450,300
      1,296 SF

      Highway Frontage Commercial Opportunity

      Versatile property in a fast-growing community with highway frontage.
      HWY-105 County Rd 2268, Cleveland, TX
      View Details
    • $8,398,000

      323 Acres Development Transition Land

      Unimproved land with high traffic location in fast-growing Cleveland, TX.
      000 FM 1010, Cleveland, TX 77327
      View Details
    • $269,000
      4,927 SF

      Versatile Facility with Event Potential

      Adaptable 5,000 sq ft facility suitable for various purposes.
      301 S Fenner Ave, Cleveland, TX
      View Details
    • $895,000
      6,917 SF

      Turnkey Event Venue For Sale

      Breathtaking property and turnkey event experience ready for unforgettable gatherings.
      105 County Road 2239, Cleveland, TX 77327
      View Details
    • $240,000

      10 Acres Homesite in Cleveland, TX

      Gorgeous 10-acre homesite in Peach Creek Plantation.
      3890 N Duck Creek Road, Cleveland, TX 77328
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted land with excellent highway exposure in Liberty/Montgomery County.
    Where is this land located?
    The property is located at 27201 Midline Rd Cleveland, TX.
    What is the asking price?
    The asking price for this property is $499,800.
    What are key features of this property?
    This property features: Unrestricted Land; **Excellent Hwy 59 Exposure**; Easy access to I‑69 (Hwy 59)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Anne Vickery
    Real Estate License ID: TX / 9005105
    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
    27201 Midline Rd, Cleveland, TX 77327
    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!