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

    Spencer Hwy La Porte, TX 77571

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

    Prime La Porte commercial land, high visibility.

    Property Features for 0 Spencer Hwy

    General Information

    Property type
    Land
    Lot Size
    138,085 SF

    We can help!

    Listing Contact
    Neal Thomson
    Neal Thomson

    Listing Agency: NewQuest Properties Listing Agent: Neal Thomson

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

    Learn more

    Overview

    This exceptional 3.17-acre commercial and industrial land parcel is strategically located on Spencer Highway in La Porte, Texas, offering significant development potential. Priced at $897,533.80 ($6.50/sq ft), this property boasts high visibility and density, making it ideal for retail or medical uses. The site is conveniently situated one mile west of Highway 146, and in close proximity to the future Grand Parkway, ensuring excellent accessibility. Adding to its appeal, La Porte Municipal Airport is only a quarter-mile away. This location benefits from its adjacency to Beazer Homes' Morgan's Landing development, a substantial residential community currently in lot delivery, projected to encompass 645 lots upon completion. Further enhancing the area's growth, a multi-family development is nearing completion at Bay Area Boulevard and Spencer Highway. The property is situated within a Tax Increment Reinvestment Zone (TIRZ), offering potential tax advantages. The APN is 0231300000061. This is a rare opportunity to acquire a prime commercial tract in a rapidly developing area of Harris County, Texas, zip code 77571.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.049799420135
    Latitude
    29.664991832752

    Nearby Similar for Sale

    • $765,000
      9,800 SF

      Freestanding Retail Building on Spencer

      9,800 SF retail building on Spencer Highway in La Porte.
      8380 Spencer Hwy, La Porte, TX
      View Details
    • $545,000
      3,000 SF

      Updated Auto Shop For Sale

      Recently updated auto shop with new paint booth and lift.
      1307 W Main St, La Porte, TX
      View Details
    • $930,000
      6,000 SF

      La Porte Office Building For Sale

      6,000 SF office building available in La Porte, TX.
      903 S 8Th St, La Porte, TX
      View Details
    • Contact for pricing
      5,040 SF

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 N Broadway St, La Porte, TX
      View Details
    • $175,000

      La Porte Townhome with Updates

      Well-maintained 2-bedroom townhome in La Porte, move-in ready.
      8300 Oakhaven Rd, La Porte, TX 77571
      View Details
    • Contact for pricing
      4,760 SF

      Two-Building Office Warehouse Property

      Two-building office warehouse totaling 9,520 SF, available for sale.
      520-532 N 8Th Ave, La Porte, TX
      View Details
    • $765,000
      9,800 SF

      La Porte Retail Storefront

      High-traffic, 9,800 SF retail building
      8380 Spencer Hwy, La Porte, TX 77571
      View Details
    • Contact for pricing
      15,124 SF

      La Porte Industrial Manufacturing Facility

      15,124 SF Manufacturing Building - Texas
      301 Main St, La Porte, TX 77571
      View Details
    • $799,000
      1,000 SF

      La Porte Office/Retail Complex

      Downtown La Porte, TX - 5,040 SF
      110 Broadway St, La Porte, TX 77571
      View Details
    • $930,000
      6,000 SF

      Prime La Porte Office Building

      6,000 SF Office, $930K, Vacant
      903 8Th St, La Porte, TX 77571
      View Details
    • $550,000
      8,017 SF

      La Porte Convenience Store Investment

      High-Yield Retail Property, Texas
      1220 Broadway St, La Porte, TX 77571
      View Details
    • Contact for pricing
      1,216 SF

      La Porte Home with Workshop

      Well-maintained 3-bedroom home with a spacious, detached workshop.
      10629 Bois D Arc St, La Porte, TX 77571
      View Details

    FAQs

    What type of property is this?
    Land - Prime La Porte commercial land, high visibility.
    Where is this land located?
    The property is located at Spencer Hwy La Porte, TX.
    What is the asking price?
    The asking price for this property is $897,533.
    What are key features of this property?
    This property features: 3.17-acre commercial/industrial land parcel in La Porte, TX.; Priced at $897,533.80 ($6.50/sq ft).; High visibility and density, ideal for retail or medical uses.
    (713) 438-9513 Call to check price and availability
    Request Owner's contact information
    Spencer Hwy La Porte, TX 77571
    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.
    Spencer Hwy
    La Porte, TX 77571
    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
    Spencer Hwy La Porte, TX 77571
    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 Neal Thomson
    Neal Thomson
    Real Estate License ID: 600513
    (713) 438-9513 (281) 477-4300
    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!