Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    32831 Sh 249 Pinehurst, TX 77362

    • Land
    • 1.65 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 32831 Sh 249

    Lot size
    1.65 lot acres
    Property type
    Land

    Description

    This exceptional 1.65-acre commercial land parcel presents a unique investment opportunity in the thriving Pinehurst, Texas market. Located on Highway 249, the property boasts excellent visibility and convenient access, ensuring high traffic exposure for any commercial venture. The site encompasses approximately 71,874 square feet of land, featuring existing structures totaling approximately 4,742 square feet of improvements. Utilities are in place, including gas, a well, and septic system, simplifying development and operational costs. The property's strategic location in Pinehurst offers a blend of suburban and rural living, appealing to a diverse demographic. Its proximity to major areas like The Woodlands, Tomball, and downtown Houston provides easy access to a wide range of amenities, including shopping, dining, and entertainment options. This versatile property is ideal for a variety of commercial uses, offering significant potential for growth and return on investment. The existing structures provide a solid foundation for immediate use or redevelopment, allowing for flexibility in adapting the property to specific business needs. With its prime location, ample space, and existing infrastructure, this commercial land parcel represents a compelling opportunity for investors seeking a strong foothold in a rapidly growing Texas market. The Highway 249 frontage ensures high visibility and accessibility, making it an attractive location for businesses seeking maximum exposure. The combination of existing structures and readily available utilities further enhances the property's value and potential.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pinehurst
    County
    Montgomery
    State
    Texas
    Longitude
    -95.6597
    Latitude
    30.1413

    Comparable in this City

    • Value Estimation by Request
      1.57 Acres

      28111 Vallie St

      Land • 1.57 Acres
      28111 Vallie St, Pinehurst, TX 77362
      View Details
    • Value Estimation by Request

      37119 Fm 149 Rd

      Land
      37119 Fm 149 Rd, Pinehurst, TX 77362
      View Details
    • Value Estimation by Request
      0.65 Acres

      32210 Tx-249

      Land • 0.65 Acres
      32210 Tx-249, Pinehurst, TX 77362
      View Details
    • Value Estimation by Request
      0.44 Acres

      35243 Tx-249

      Land • 0.44 Acres
      35243 Tx-249, Pinehurst, TX 77362
      View Details
    • Value Estimation by Request
      3.99 Acres

      36019 Fm 149 Rd

      Land • 3.99 Acres
      36019 Fm 149 Rd, Pinehurst, TX 77362
      View Details
    • Value Estimation by Request

      249 Hwy

      Land
      249 Hwy, Pinehurst, TX 77362
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.44 Acres

      Highway 249 Commercial Land

      0.44-acre commercial lot with buildings.
      35243 Tx-249, Pinehurst, TX 77362
      View Details
    • $1,094,227
      1.57 Acres

      SH 249 Corner Lot - Pinehurst, TX

      1.57-acre commercial/industrial land, high traffic.
      28111 Vallie St, Pinehurst, TX 77362
      View Details
    • $575,000
      0.65 Acres

      Prime Commercial Land in Tomball, TX

      0.65 Acres, Excellent Location, $575,000
      32210 Tx-249, Pinehurst, TX 77362
      View Details
    • $120,000

      Cleared Lot in Pinehurst, TX

      Cleared, partially fenced lot near State Highway 249.
      127 N Pine Hill St, Pinehurst, TX 77362
      View Details
    • $900,000

      Hickory Wood Street Land Parcel

      Land parcel available on Hickory Wood Street, Pinehurst, TX.
      11919 Hickory Wood St, Pinehurst, TX 77362
      View Details
    • $1,586,019

      Prime Land on FM 1774

      6.62 acres ideal for commercial, industrial, or mixed-use development.
      35577 Fm 1774 Rd, Pinehurst, TX 77362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      537,417 SF

      Prime 12-Acre Commercial Land

      Texas Highway 249 Tract - Development Ready
      0 State Highway 249, Pinehurst, TX 77362
      View Details
    • $37 SF/Yr
      2,200 SF

      Pinehurst Retail Center: Prime Space Available

      Texas Retail/Office Space For Lease
      35502 Fm 149 Rd, Pinehurst, TX 77362
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space on Highway 249

      Retail space available in high-traffic Pinehurst location.
      32105 State Highway 249, Pinehurst, TX 77362
      View Details
    • $1.40 SF/Yr
      18,000 SF

      Magnolia Industrial/Flex Space Available

      Versatile 18,000 SF industrial/flex space for lease or sale.
      32629 Decker Industrial Dr, Pinehurst, TX 77362
      View Details
    • $14 SF/Yr
      17,959 SF

      Lone Star Lane Service Facility

      Service facility for lease, minimum 5-year term.
      3090 Lone Star Ln, Pinehurst, TX 77362
      View Details
    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.
    32831 Sh 249
    Pinehurst, TX 77362
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.