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    955 Lone Star Pkwy Montgomery, TX 77356

    For Sale
    $6,400,000

    19.6 Acres, Prime Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 19.6-acre tract in Montgomery, Texas, presents a compelling investment opportunity for developers. Located at 955 Lone Star Pkwy, 77356, this commercially and residentially zoned land offers significant potential. The property boasts 820 feet of frontage on Lone Star Parkway and 1,330 feet on Buffalo Springs Drive, including a lighted intersection, ensuring high visibility and accessibility. The asking price is $6,400,000, translating to $7.50 per square foot. Situated within a Planned Development District, the land is ideally suited for a variety of uses, including Build-to-Rent (BTR), multi-family residential, office warehouse, office condos, and retail developments. City of Montgomery utilities are readily available. The property benefits from a competitive 2023 tax rate of 1.968%, making it an attractive proposition for investors. This rare opportunity combines prime location, versatile zoning, and excellent infrastructure in a thriving Texas market. The property's strategic location and extensive frontage provide exceptional development potential. This is a unique chance to acquire a substantial land parcel in a rapidly growing area.

    Property Features for 955 Lone Star Pkwy

    General Information

    Property type
    Land
    Lot Size
    853,776 SF

    HighLights

    • 19.6‑acre tract in Montgomery, TX, at 955 Lone Star Pkwy, 77356.
    • Commercially and residentially zoned, offering high development potential.
    • 820' frontage on Lone Star Pkwy and 1330' on Buffalo Springs Dr, including a lighted intersection.
    • $6,400,000 asking price ($7.50/SF).
    • Suitable for BTR, multi‑family, office/warehouse, office condos, and retail. City utilities available.
    • 2023 tax rate: 1.968%.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Skin Care Clinic Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Texas
    Longitude
    -95.686384285208
    Latitude
    30.396840273187

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    FAQs

    What type of property is this?
    Land - 19.6 Acres, Prime Development Opportunity
    Where is this land located?
    The property is located at 955 Lone Star Pkwy Montgomery, TX.
    What is the asking price?
    The asking price for this property is $6,400,000.
    What are key features of this property?
    This property features: 19.6-acre tract in Montgomery, TX, at 955 Lone Star Pkwy, 77356.; Commercially and residentially zoned, offering high development potential.; 820' frontage on Lone Star Pkwy and 1330' on Buffalo Springs Dr, including a lighted intersection.
    (281) 210-0095
    Request Owner's contact information
    955 Lone Star Pkwy Montgomery, TX 77356
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    Montgomery, TX 77356
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    Realmo Value Estimation

    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.

    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.

    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
    955 Lone Star Pkwy Montgomery, TX 77356
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