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    Rayford Rd/Foster Ln Spring, TX 77386

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    Contact for pricing

    Exceptional 2-acre lot near ExxonMobil. Ideal for commercial development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2-acre commercial lot presents a unique investment opportunity in Spring, Texas, within the thriving Woodlands submarket. Situated on Rayford Rd/Foster Ln, this property boasts convenient access to major thoroughfares, including Interstate 45, Hardy Toll Road, and the Grand Parkway 99. Its proximity to the new ExxonMobil corporate campus makes it an attractive location for businesses seeking a strategic advantage. The lot includes a pre-existing two-story house (2,500+ square feet) with a carport, offering potential for conversion into commercial space. Utilities are readily available, featuring all-electric service on the property, a well and septic system, with a gas line accessible on Rayford Road. The property is unrestricted, allowing for a variety of commercial uses, including self-mini storage, light industrial manufacturing, or office condominiums. The ongoing Rayford Road Safety and Mobility Project, anticipated to be completed, will further enhance accessibility and visibility. This project involves expanding Rayford Road to six lanes, improving traffic flow and safety for the community. This property offers significant potential for growth and development in a rapidly expanding commercial area.

    Property Features for 0 Rayford Rd/Foster Ln

    General Information

    Property type
    Land
    Lot Size
    87,120 SF

    HighLights

    • Exceptional 2‑acre commercial lot near ExxonMobil's new campus in Spring, Texas's thriving Woodlands submarket.
    • Excellent location for new or established businesses, minutes from I‑45, Hardy Toll Road, and Grand Parkway 99.
    • Includes a 2,500+ sq ft two‑story house with carport, suitable for conversion to commercial space.
    • Convenient access will be further enhanced by the completed Rayford Road expansion project.
    • Located in a rapidly growing Woodlands submarket commercial area.
    • Utilities include all‑electric service, well, septic system, and accessible gas line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spring
    County
    Montgomery
    State
    Texas
    Longitude
    -95.420735
    Latitude
    30.1256961

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    FAQs

    What type of property is this?
    Land - Exceptional 2-acre lot near ExxonMobil. Ideal for commercial development.
    Where is this land located?
    The property is located at Rayford Rd/Foster Ln Spring, TX.
    What are key features of this property?
    This property features: Exceptional 2-acre commercial lot near ExxonMobil's new campus in Spring, Texas's thriving Woodlands submarket.; Excellent location for new or established businesses, minutes from I-45, Hardy Toll Road, and Grand Parkway 99.; Includes a 2,500+ sq ft two-story house with carport, suitable for conversion to commercial space.
    (281) 367-2220
    Request Owner's contact information
    Rayford Rd/Foster Ln Spring, TX 77386
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    Spring, TX 77386
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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
    Rayford Rd/Foster Ln Spring, TX 77386
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