The Largest CRE Database in the US
with Over 1 Million Listings
2564 I-45 New Waverly, TX 77358
Sponsored
For Sale
$2,587,140
31.94 Acres, Prime I-45 Location
Property size:
2,442 SF
Description
Added:
Dec 11, 2024
Days on Market:
411
This exceptional 31.94-acre commercial property boasts 920 feet of frontage on I-45 South in New Waverly, Texas, zip code 77358, Walker County. The land, which is currently zoned for commercial, industrial, and residential use, offers unparalleled access and visibility due to its location near the recently completed new southbound exit ramp. Strategically positioned between The Woodlands, Conroe, Willis, Huntsville, and New Waverly, and in close proximity to Lake Conroe, this property benefits from a strong regional economy and significant population growth. Nearby developments include the ExxonMobil corporate headquarters, Texas Grand Ranch, The Woodlands Hills (a master-planned community of approximately 4,600 homes), Moran Ranch, and Chambers Creek (a 55+ residential community). The property is surrounded by Sam Houston National Forest and Lake Conroe, providing a unique blend of natural beauty and commercial potential. The site includes a completely fenced perimeter with a wrought iron fence and gate, a winding concrete drive leading to two existing homes (one Heights style, the other a log home with an elevator, to be removed), a stocked pond with a bridge and gazebo, and a 4,800 square foot building. According to current FEMA FIRM maps and a recent Category 1A condition L.L. survey, the property is not located in a floodplain. The property is also currently designated as agricultural exempt. Potential uses are diverse and include luxury RV parks, retail developments, corporate retreats, single-family residential, multi-family housing, or industrial facilities. The asking price is $2,587,140, with a land value of $2.08 per square foot. The property's legal description is Marsh R (a-373), Tract 2.5. Owner financing may be available.
Property Features for 2564 I-45
General Information
Property type
Land
Square Feet
2,442 SF
Lot Size
1,391,306 SF
Building Details
Year Built
2006
Stories
1
We can help!
Listing Contact
Randy Summers
Learn more
HighLights
31.94‑acre commercial property in New Waverly, TX (77358) with 920 feet of I‑45 South frontage.
Zoned for commercial, industrial, and residential use, near a new southbound exit ramp.
Excellent location between The Woodlands, Conroe, Willis, Huntsville, and New Waverly, close to Lake Conroe.
Features a 4,800 sq ft building, stocked pond, gazebo, and fenced perimeter. Two existing homes (to be removed).
Non‑floodplain property (per FEMA FIRM maps and recent survey), currently agricultural exempt. Asking price: $2,587,140 ($2.08/sq ft). Owner financing may be available. Legal Description: Marsh R (a‑373), Tract 2.5.
The property is located at 2564 I-45 New Waverly, TX.
What is the asking price?
The asking price for this property is $2,587,140.
What are key features of this property?
This property features: 31.94-acre commercial property in New Waverly, TX (77358) with 920 feet of I-45 South frontage.; Zoned for commercial, industrial, and residential use, near a new southbound exit ramp.; Excellent location between The Woodlands, Conroe, Willis, Huntsville, and New Waverly, close to Lake Conroe.
Request Owner's contact information
2564 I-45 New Waverly, TX 77358
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.
2564 I-45 New Waverly, TX 77358
Message sent successfully
Error
Email to Your Friends
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
2564 I-45 New Waverly, TX 77358
More about this listing
2564 I-45, New Waverly, TX
Contact
Randy Summers
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
2564 I-45, New Waverly, TX
Contact
Randy Summers
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
2564 I-45, New Waverly, TX
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
2564 I-45, New Waverly, TX
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
2564 I-45, New Waverly, TX
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 2564 I-45 New Waverly, TX 77358
2564 I-45, New Waverly, TX
Contact
Randy Summers
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Thank You
You are Unsubscribed From Notifications
How Realmo works
We can help!
Listing Contact
Randy Summers
Real Estate License ID: TX 441839
Google sign-in failed. Please try again or use another login method.