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    The Largest CRE Database in the US with Over 1 Million Listings

    2963 Tx-19 Huntsville, TX 77320

    Sponsored
    For Sale
    $1,795,000

    32 Acres, Unrestricted Zoning, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This exceptional 32.96-acre commercial land parcel presents a remarkable development opportunity in the desirable Huntsville, Texas area. Located at 2963 TX-19, this unrestricted property boasts convenient access to major transportation routes, placing it within easy reach of Sam Houston State University and Sam Houston State Park. The site offers significant advantages, including existing city water and three-phase power at the property's front, with single-phase power already available on-site. Further enhancing its appeal, the property sits outside the floodplain and benefits from multiple frontage/access points beyond the Highway 19 frontage. Extensive preliminary work has already been completed, including a current survey/topographic study, geotechnical report, environmental assessments, conceptual site plans, preliminary market research, and a TCEQ-approved permit for an on-site wastewater treatment plant. This significantly reduces the time and cost associated with typical development projects. The property is designated as an Opportunity Zone (QOZB), offering attractive tax advantages. Its unrestricted zoning allows for a wide range of development possibilities, including light industrial, mixed-use, storage facilities, small businesses, retail ventures, or residential projects. This is a truly exceptional opportunity for investors and developers seeking a prime location with significant pre-development work already completed. The asking price is $1,795,000. The APN is 19961. All utilities should be independently verified.

    Property Features for 2963 Tx-19

    General Information

    Property type
    Land
    Lot Size
    1,435,738 SF

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    Listing Contact
    David Gogineni

    Learn more

    HighLights

    • Located in an Opportunity Zone (QOZB), offering significant tax advantages.
    • Floodplain‑free location.
    • City water and three‑phase power available at the property's front; single‑phase power on‑site. Buyer to verify all utilities.
    • Multiple access points beyond Highway 19 frontage.
    • Unrestricted zoning allows for diverse development options.
    • Prime location in desirable Huntsville, Texas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Huntsville
    County
    Walker
    State
    Texas
    Longitude
    -95.45797706821
    Latitude
    30.797643826652

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    FAQs

    What type of property is this?
    Land - 32 Acres, Unrestricted Zoning, Prime Location
    Where is this land located?
    The property is located at 2963 Tx-19 Huntsville, TX.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Located in an Opportunity Zone (QOZB), offering significant tax advantages.; Floodplain-free location.; City water and three-phase power available at the property's front; single-phase power on-site. Buyer to verify all utilities.
    Request Owner's contact information
    2963 Tx-19 Huntsville, TX 77320
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    Huntsville, TX 77320
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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
    2963 Tx-19 Huntsville, TX 77320
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    We can help!
    Listing Contact
    David Gogineni
    Real Estate License ID: 693485
    Learn more
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