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

    367 Hanna Road Spring, TX 77386

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,900

    1.36 acres of unrestricted land suitable for commercial or residential.

    Type:Land or Vacant Lot
    Lot size:
    1.36 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    49
    Last Refresh:
    Mar 26 at 1:54 am

    Property Features for 367 Hanna Road

    General Information

    Standard status
    Active
    Lot size
    1.36 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JOSHUA HIGHT

    Listing agent JOSHUA HIGHT

    Listing office NAN & COMPANY PROPERTIES - CORPORATE OFFICE (HEIGHTS)

    Listing date Feb 11, 2026

    Source Corcoran

    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 NAN & COMPANY PROPERTIES - CORPORATE OFFICE (HEIGHTS)

    Overview

    Unrestricted Land Near The Woodlands

    This property offers an opportunity to acquire approximately 1.36 acres of unrestricted land located at 367 Hanna Rd in the Spring / Oak Ridge North area. The land has frontage along Hanna Rd and available utilities. The property allows flexibility for residential or commercial use, subject to buyer due diligence and intended plans. The parcel is directly adjacent to 26231 Hanna Rd (1.00 acre), which is also available. Buyers have the option to purchase this lot individually or combine both properties for a total of approximately 2.36 contiguous acres, creating added scale and development potential in a high-growth corridor. Backing to an established residential neighborhood and located just minutes from I-45 and The Woodlands, the property provides convenient access to major employers, retail, and dining while maintaining a residential setting. The property presents a strategic land acquisition with optional expansion next door.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.4401
    Latitude
    30.1532

    Nearby Similar for Sale

    • $560,000

      Land in Spring, Texas

      0.86 acre land with high traffic and utilities.
      17303 Stuebner Airline Road, Spring, TX 77379
      View Details
    • $2,590,000
      6,300 SF

      Two Single-Story Office Buildings

      Two office buildings with tenants in place through November 2028.
      1824 Sawdust, Spring, TX
      View Details
    • $1,300,000
      2,812 SF

      Versatile Commercial Property in Spring, TX

      Unrestricted property suitable for office, medical, or service-based businesses.
      17427 W Strack Dr, Spring, TX
      View Details
    • $950,000
      4,800 SF

      Commercial Building Near I-45

      4,800 SF commercial building in Spring, TX for sale.
      1010 Rayford, Spring, TX
      View Details
    • $2,300,000
      8,640 SF

      Unrestricted Land with Office and Shop

      5.5 acres with office, shop, and home near Exxon campus.
      1231 Pruitt, Spring, TX
      View Details
    • $23
      250,000 SF

      Class A Office Building in Spring

      Four-story, 250,000 SF Class A office building for sale.
      25700 Interstate 45, Spring, TX 77386
      View Details
    • $499,900

      Unrestricted Land Near I-45

      Approximately 1 acre of unrestricted land for residential or commercial use.
      26231 Hanna Road, Spring, TX 77386
      View Details
    • $700,000

      Commercial Land on Cypresswood Drive

      Prime commercial land in Spring, Texas with high visibility.
      5350 Cypresswood, Spring, TX 77379
      View Details
    • $169,000
      675 SF

      Corner Office Condo with Lake Views

      Professional office condo in Spring/Klein with easy access to major corridors.
      5515 Louetta Rd, Spring, TX 77379
      View Details
    • $16
      6,851 SF

      Spring Office Space For Sale

      Office space in growing area near major roadways.
      431 Nursery Rd, Spring, TX 77380
      View Details
    • $23
      10,500 SF

      Professional Office Space For Sale

      Professional office space co-located inside Woodforest National Bank's retail branch.
      327 Rayford Rd., Spring, TX 77386
      View Details
    • $1,700,000
      4,108 SF

      Turn-Key Mechanic Shop For Sale

      Mechanic shop on fenced lot near major roads.
      21123 RHODES RD, Spring, TX
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.36 acres of unrestricted land suitable for commercial or residential.
    Where is this commercial land located?
    The property is located at 367 Hanna Road Spring, TX.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: 1.36 acres of unrestricted land suitable for residential or commercial use.; Prime location in the Spring / Oak Ridge North area with frontage on Hanna Rd.; Utilities available, simplifying development.
    (713) 714-6454
    We can help!
    Listing Contact
    JOSHUA HIGHT
    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!