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    27286 Midline Rd Splendora, TX 77327

    Sponsored
    For Sale
    $789,800

    6.19 Acres, Multi-Use Potential, High Visibility

    Property size:
    269,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.19-acre commercial property boasts an unbeatable location at the intersection of Highway 59 and Midline Road in Cleveland, Texas. Zoned for unrestricted use, this land presents a diverse range of development opportunities, including apartment buildings, RV parks, and warehouses. The property offers 269,636 square feet of space with a land value of $2.92 per square foot, and is priced at $789,800. Its prime location provides excellent visibility and accessibility from Highway 59, a major thoroughfare. The property is conveniently situated in Liberty/Montgomery County, offering easy access to Interstate 69 (Highway 59), Highway 242 (7.1 miles away), and the Grand Parkway (Highway 99) and Valley Ranch Town Center (12 miles away). Commuting to downtown Houston and George Bush Intercontinental Airport is a breeze, with a travel time of approximately 25 minutes. This property represents a unique investment opportunity in a rapidly growing area. The APN is 6060-00-02100. The address is 27286 Midline Rd, Cleveland, TX 77327.

    Property Features for 27286 Midline Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    269,636 SF
    Lot Size
    269,636 SF

    HighLights

    • 6.19‑acre commercial lot at Hwy 59 & Midline Rd, Cleveland, TX.
    • Unrestricted zoning allows for diverse development (apartments, RV parks, warehouses).
    • 269,636 sq ft, $2.92/sq ft land value, $789,800 asking price.
    • Excellent visibility and accessibility from Hwy 59.
    • Convenient access to I‑69, Hwy 242, Grand Parkway, and Valley Ranch Town Center.
    • APN: 6060‑00‑02100, Address: 27286 Midline Rd, Cleveland, TX 77327.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Auto Repair Shop Grocery Store Department Store Cafe & Coffee Shop Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.138215039331
    Latitude
    30.268107711735

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    FAQs

    What type of property is this?
    Multifamily property - 6.19 Acres, Multi-Use Potential, High Visibility
    Where is this multifamily property located?
    The property is located at 27286 Midline Rd Splendora, TX.
    What is the asking price?
    The asking price for this property is $789,800.
    What are key features of this property?
    This property features: 6.19-acre commercial lot at Hwy 59 & Midline Rd, Cleveland, TX.; Unrestricted zoning allows for diverse development (apartments, RV parks, warehouses).; 269,636 sq ft, $2.92/sq ft land value, $789,800 asking price.
    Request Owner's contact information
    27286 Midline Rd Splendora, TX 77327
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    Splendora, TX 77327
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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
    27286 Midline Rd Splendora, TX 77327
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