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

    22780 Tx-242 New Caney, TX 77357

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.05 Acres, High Traffic Location, $958,219

    Property Features for 22780 Tx-242

    General Information

    Property type
    Restaurants
    Lot Size
    45,738 SF

    We can help!

    Listing Contact
    Anne Vickery
    Anne Vickery

    Listing Agency: Anne Vickery Real Estate Listing Agent: Anne Vickery

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

    Learn more

    Overview

    This exceptional 1.05-acre commercial land parcel presents a unique investment opportunity in the rapidly growing New Caney, Texas market. Boasting 148 feet of frontage on the high-traffic Texas State Highway 242, which connects Highway 59 to Interstate 45, this property enjoys unparalleled visibility and accessibility. Situated in Montgomery County, with APN 6968-00-00200, the land is priced at $20.95 per square foot, totaling $958,219. Utilities are readily available through MC MUD #4. The location offers convenient proximity to key attractions and amenities, including Big River Water Park, Grand Parkway RV Resort, Speed Street Raceway, and the Valley Ranch Shopping Center. Furthermore, its strategic position provides easy access to Interstate 69 (Highway 59) and Highway 99 (Grand Parkway), enhancing its logistical appeal. Adding to its desirability, this property is located within an Opportunity Zone, presenting potential tax advantages for investors. The area's proximity to Houston and George Bush Intercontinental Airport (IAH), approximately 15 miles away, further underscores its investment potential. This prime commercial land is ideal for a variety of uses, making it an exceptional opportunity for savvy investors seeking high-growth potential in a thriving Texas market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Caney
    County
    Montgomery
    State
    Texas
    Longitude
    -95.201206312947
    Latitude
    30.192043509311

    Nearby Similar for Sale

    • New
      $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
    • $895,000
      12,080 SF

      Industrial Building with Office Space

      9,200 SF industrial building with 2,880 SF office space.
      20820 Loop 494, New Caney, TX 77357
      View Details
    • $1,538,300
      1,302 SF

      New Caney Commercial Corner Property

      Prime commercial corner in New Caney with redevelopment potential.
      22010 Loop 494, New Caney, TX 77357
      View Details
    • Contact for pricing

      2 Acres on Roman Forest

      2 acres with frontage on Roman Forest Blvd, outside flood zones.
      585 Roman Forest Blvd, New Caney, TX 77357
      View Details
    • $2,700,000
      2 SF

      Retail/Office Investment Opportunity

      Income-producing retail and car wash near major retail and transportation.
      20203 Fm 1485 Rd, New Caney, TX 77357
      View Details
    • $5,700,000
      4 SF

      Highway Frontage Commercial Property

      Commercial property with frontage on I-69/Hwy 59 for sale.
      20400 Us Highway 59, New Caney, TX 77357
      View Details
    • $545,000

      Spacious Corner Property For Sale

      High-visibility corner property with existing buildings and expansion potential.
      27952 Fm 1485 Rd, New Caney, TX 77357
      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 Rd, New Caney, TX 77357
      View Details
    • Contact for pricing

      Highway 59 Frontage Land

      12.99-acre land with frontage and visibility on Highway 59.
      18118 Hwy, New Caney, TX
      View Details
    • $525,000
      1,740 SF

      New Caney Industrial Property

      Industrial property available for sale in New Caney, Texas.
      21273 Penny St, New Caney, TX 77357
      View Details
    • Contact for pricing
      26 SF

      Motorsports Complex For Sale

      Turn-key motorsports complex with potential lease income.
      Swq Sh 242 & Speed St, New Caney, TX 77357
      View Details
    • $2,390,000

      Highway Frontage Redevelopment Opportunity

      3.4 acre property on US Highway 59 in New Caney.
      20787 Us-59, New Caney, TX
      View Details

    FAQs

    What type of property is this?
    Restaurant - 1.05 Acres, High Traffic Location, $958,219
    Where is this restaurant located?
    The property is located at 22780 Tx-242 New Caney, TX.
    What is the asking price?
    The asking price for this property is $958,219.
    What are key features of this property?
    This property features: $958,219 asking price for 1.05 acres of commercial land.; Located in New Caney, Texas, with a Montgomery County address (APN 6968-00-00200).; Land priced at $20.95/SF.
    (281) 732-4071 Call to check price and availability
    Request Owner's contact information
    22780 Tx-242 New Caney, TX 77357
    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.
    22780 Tx-242
    New Caney, TX 77357
    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
    22780 Tx-242 New Caney, TX 77357
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anne Vickery
    Anne Vickery
    Real Estate License ID: /9005105
    (281) 732-4071 (281) 940-7253 (713) 907-9680
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!