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    14148 Old Hwy 59N Splendora, TX 77372

    Sponsored
    For Sale
    $953,768

    Prime Hwy 59 location, high-growth area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    This exceptional 1.57-acre property, located at 14148 Old Hwy 59N in Splendora, Texas, presents a unique investment opportunity. The property boasts excellent visibility and frontage on I-69 (Hwy 59), ensuring high traffic exposure. Built in 2021, this single-story building comprises a hotel and restaurant, offering a combined hospitality and retail experience. The property benefits from convenient access to I-69 (Hwy 59), as well as proximity to key transportation arteries including FM 2090, Hwy 242 (5 minutes away), Grand Parkway (Hwy 99) and Valley Ranch Town Center (9 minutes away), and George Bush Intercontinental Airport (IAH) (22 minutes away). City of Splendora utilities are readily available. Situated in a high-growth area, this property offers significant potential for future appreciation. The asking price is $953,768. Showings are by appointment only. This is an ideal investment for those seeking exposure to the thriving Splendora market and its robust transportation network. The property's combined hotel and restaurant use provides a diversified income stream. Don't miss this chance to acquire a prime commercial property in a rapidly developing area of Montgomery County.

    Property Features for 14148 Old Hwy 59N

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Anne Vickery
    Anne Vickery

    Learn more

    HighLights

    • $953,768 asking price for a 1.57‑acre property.
    • Hospitality, multifamily, and retail property types; Hotel and Restaurant subtypes.
    • 2021‑built, single‑story building.
    • Excellent I‑69 (Hwy 59) visibility and frontage, providing easy access.
    • Located in a high‑growth area of Splendora, Texas, with access to city utilities.
    • Proximity to FM 2090, Hwy 242, Grand Parkway (Hwy 99), Valley Ranch Town Center, and George Bush Intercontinental Airport (IAH).
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Splendora
    County
    Montgomery
    State
    Texas
    Longitude
    -95.161486625053
    Latitude
    30.238661468324

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    FAQs

    What type of property is this?
    Restaurant - Prime Hwy 59 location, high-growth area.
    Where is this restaurant located?
    The property is located at 14148 Old Hwy 59N Splendora, TX.
    What is the asking price?
    The asking price for this property is $953,768.
    What are key features of this property?
    This property features: $953,768 asking price for a 1.57-acre property.; Hospitality, multifamily, and retail property types; Hotel and Restaurant subtypes.; 2021-built, single-story building.
    Request Owner's contact information
    14148 Old Hwy 59N Splendora, TX 77372
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    Splendora, TX 77372
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    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
    14148 Old Hwy 59N Splendora, TX 77372
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    We can help!
    Listing Contact
    Anne Vickery
    Anne Vickery
    Real Estate License ID: TX / 9005105
    Learn more
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